Scottish Widows
Aegon, Aviva, and Scottish Widows top 2020 workplace pension solutions and AE ratings
Offerings from Aegon, Aviva, and Scottish Widows have taken the crown in the Financial Technology Research Centre’s (FTRC) annual workplace pensions and auto-enrolment (AE) ratings.
Five stories you may have missed this week
This week’s top stories included Aon findings that the number of defined benefit schemes employing a sole trustee model is expected to double by 2025, while Scottish Widows invested £2bn as the inaugural investor in BlackRock’s new climate fund.
Scottish Widows invests £2bn in BlackRock climate transition fund
Scottish Widows has invested £2bn of pension fund assets to become the inaugural investor in BlackRock’s authorised contractual scheme (ACS) Climate Transition World Equity Fund.
Communicating with members in a crisis
Millions of people are saving for a pension for the first time thanks to AE, but the Covid-19 crisis has posed a communications challenge. James Phillips looks at how to get the long-term nature of pensions across to this new generation of savers.
Scottish Widows updates stewardship policy in bid to drive positive change
Scottish Widows has unveiled an updated stewardship policy detailing how it will undertake stewardship and engagement activity in support of its responsible investment framework.
Coronavirus risks roadblocking AE successes
The positive impact of auto-enrolment (AE) on retirement savings risks running out of steam amid growing concerns about the damage of the Covid-19 pandemic, says Scottish Widows.
Superfunds: Schemes of steel?
As an interim regime for consolidators is launched, Emma Watkins looks at how to enhance protection of members’ benefits.
Webinar: How DC defaults will evolve in a post-coronavirus world
Professional Pensions’ expert panel discusses how defined contribution (DC) default strategies will change following the crisis.
Agreeing bulk annuities in a crisis
After a bumper year, insurers are now facing a slower and smaller pipeline as schemes grapple with Covid-19, writes James Phillips.
Scottish Widows doubles time to complete annuity purchases
Scottish Widows has temporarily extended its quote guarantee period for annuity applications in a bid to support advisers and customers during the Covid-19 crisis.
Scottish Widows publishes IGC report
Scottish Widows’ independent governance committee (IGC) has published its annual chairman’s report – giving the provider a good value for money rating for its modern products but suggesting improvements, particularly for the firm’s legacy offerings.
Standard Life and Zurich unveil IGC reports
Standard Life and Zurich have published their latest independent governance committee (IGC) reports – posting overall green and amber value-for-money assessments respectively.
Getting a better bulk annuity price from your insurer
Nimble footwork enables small schemes to compete with the big boys in the buyout market, says Stephanie Hawthorne.
Scottish Widows debuts responsible investment framework
Scottish Widows is aiming to boost its sustainability practices by working under a new responsible investment and stewardship framework.
UK Pensions Awards 2020 - Shortlists published
Here they are. The finalist lists for the UK Pensions Awards 2020.
Maps names industry leaders for financial wellbeing initiative
The Money and Pensions Service (Maps) has named 12 sector leaders as challenge group chairs to spearhead its newly launched strategy for financial wellbeing.
Five stories you may have missed this week
This week’s top stories included the launch of Scottish Widows’ new responsible investment team, and reports of Treasury plans to cut pension tax relief for high earners.
Scottish Widows completes £2bn de-risking deals in 2019
Scottish Widows completed five bulk annuity transactions in 2019, with liabilities insured exceeding £2bn.
Scottish Widows launches responsible investment team
Scottish Widows has created a specialist responsible investment team to monitor sustainable activity across its fund range.
Lloyds schemes agree £10bn longevity swap with Pacific Life Re
Three Lloyds Banking Group pension schemes have transferred £10bn of longevity risk to Pacific Life Re in the second-largest longevity swap ever.
ESPS completes £805m buy-in with Scottish Widows
The Electricity North West Group of the Electricity Supply Pension Scheme (ESPS) has invested in an £805m pensioner buy-in with Scottish Widows.
Women saving for retirement cannot escape widening pensions gap
Most women are not saving enough for retirement and remain at risk of running out of money after they finish work, according to new analysis.
AE safety net for employed women leaves entrepreneurs to struggle
A third of female entrepreneurs in the UK are not saving any money towards their retirement, figures from Scottish Widows show.
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