Scottish Widows

Scottish Widows has told the Department for Work and Pensions (DWP) that performance fees should not be allowed in defined contribution (DC) pension defaults.

Professional Pensions’ parent company Incisive Media is pleased to announce that Scottish Widows is an insight partner for its inaugural Sustainable Investment Festival in June.

The Mercer Master Trust, Standard Life, and Intelliflo have achieved overall ‘gold’ standard awards in Benefits Guru’s inaugural open finance ratings for workplace pension providers.

Here it is, our monthly digest of the most important pension articles Professional Pensions has written and published over the last month, along with some contextual notes.

An “intrinsically biased” pension system, the gender pay gap, and the disadvantage caused to women’s savings by career breaks is continuing to cause “stark gender disparity” in retirement wealth, Barnett Waddingham says.

Professional Pensions rounds up some of the latest research from across the industry for International Women’s Day 2021.

The industry has provided a predominantly negative response to the confirmation today that the lifetime allowance will be frozen at £1,073,100 until April 2026.

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.

Scottish Widows Master Trust has expanded its fund range with the launch of five ESG funds, offering greater choice for members looking to invest their pension more sustainably.