Scottish Widows scraps early exit fees across all pension policies

James Phillips
clock • 1 min read

Scottish Widows will remove early exit fees across all of its workplace and personal pension policies ahead of the charge cap deadline.

The firm had previously announced it would stop charging for leaving workplace pensions early, but has now extended this promise to all products. The move also goes further than simply complying...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

TPR urges smaller DC schemes to 'act now' amid increasing consolidation

TPR urges smaller DC schemes to 'act now' amid increasing consolidation

Regulator says achieving best outcomes for members will need to remain ‘paramount’

Martin Richmond
clock 31 March 2026 • 2 min read
Most SMEs concerned about lack of employee engagement in pensions

Most SMEs concerned about lack of employee engagement in pensions

People’s Pension research finds majority of employers believe they should help employees plan for retirement

Martin Richmond
clock 31 March 2026 • 2 min read
TPR publishes updated capital reserve guidance for DC master trusts

TPR publishes updated capital reserve guidance for DC master trusts

Regulator says it will publish annual data on reserving practices from 2027

Martin Richmond
clock 20 March 2026 • 2 min read
Trustpilot