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

Increased focus being placed on retirement support, research finds

Increased focus being placed on retirement support, research finds

People’s Pension poll shows 54% of IFAs say providers struggle to create ‘meaningful’ engagement

Martin Richmond
clock 18 August 2026 • 2 min read
How have drawdown products coped with a return to volatility?

How have drawdown products coped with a return to volatility?

Pete Osthwaite looks at how FCA Pathway 3 drawdown solutions have handled increasing market turbulence

Pete Osthwaite
clock 18 August 2026 • 7 min read
Partner Insight: The future belongs to scale – but there's more to it

Partner Insight: The future belongs to scale – but there's more to it

As the market consolidates, what does it mean for members and trustees?

Jerry Butcher, Workplace Savings Director, Scottish Widows
clock 18 August 2026 • 5 min read
Trustpilot