Scottish Widows to stop exit fee charges

Kristian Brunt-Seymour
clock • 1 min read

Scottish Widows has announced it will remove all exit fees across its workplace pensions.

The firm said the removal will allow customers to switch to another product or provider without incurring a charge. The fees are largely associated with products sold before 2001. They reflect e...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Industry voices concern about concentration of power in DC market

Industry voices concern about concentration of power in DC market

PP survey finds 56% of respondents concur with findings of LCP report

Martin Richmond
clock 15 May 2026 • 2 min read
Volume of pensions being cashed in full rises by more than 100,000 in seven years

Volume of pensions being cashed in full rises by more than 100,000 in seven years

FCA figures show the number of savers cashing their pensions in full since 2018-19 has increased by 29%

Martin Richmond
clock 15 May 2026 • 2 min read
DCIF – A red light warning for the VfM framework

DCIF – A red light warning for the VfM framework

Louise Farrand says there is a real risk that the VfM system will deliver average outcomes

Louise Farrand
clock 14 May 2026 • 3 min read
Trustpilot