Scottish Widows reports 9% growth in workplace pension contributions

Pension provider says growth in regular contributions is ‘encouraging’

Jonathan Stapleton
clock • 1 min read
Graeme Bold: Despite cost-of-living challenges, it’s encouraging that people are saving more into their workplace pensions
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Graeme Bold: Despite cost-of-living challenges, it’s encouraging that people are saving more into their workplace pensions

Lloyds Banking Group posted a 9% annual increase in regular contributions to workplace pensions during 2023 – saying the increase showed people were saving more despite the cost-of-living crisis.

The banking group, which owns pensions provider Scottish Widows, unveiled its full year results for the year ended 31 December 2023 at the end of last week - results which also showed net flows of ...

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