Scottish Widows adds 289,000 members to build workplace market presence

James Phillips
clock • 3 min read

Scottish Widows’ workplace pension assets hit £68bn at the end of 2020, comprising almost half of its total £113bn of open book assets under administration.

The provider reported 289,000 new members joined across its workplace schemes in 2020, along with 245 new schemes, taking its total membership to 3.5 million and total employers to 24,000. Overall,...

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 Industry

UK Pensions Awards 2026: Entries close today!

UK Pensions Awards 2026: Entries close today!

This year’s awards will be held on 11 June at The Brewery in London

Professional Pensions
clock 23 January 2026 • 3 min read
Hidden 'systemic barriers' perpetuate gender pensions gap

Hidden 'systemic barriers' perpetuate gender pensions gap

Entrenched barriers, not lack of financial confidence to blame

Jenna Brown
clock 23 January 2026 • 3 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

PMI secures full buyout with L&G, Dr. Martens scheme and PIC complete buy-in, M&G sees 65% increase in BPA market

Professional Pensions
clock 23 January 2026 • 1 min read
Trustpilot