Pensions - Articles - Scottish Widows launch £50m driving pensions value programme


Scottish Widows has today launched its £50m Driving Pensions Value programme to deliver product and service enhancements, bolster adviser support and create a range of new digital capabilities over the next 18 months.

 The key developments will focus on five core pillars: engagement, investments, service, charges and governance.
 Advisers, employers and customers will see an accelerated period of development over the next 18 months including:
     
  1.   New suite of next generation digital tools for employers and employees
  2.  
  3.   An overhaul of the investment fund range to ensure scheme members have access to market leading funds; the transformation of default approaches, including introduction of actively managed portfolios
  4.  
  5.   A series of operational and service enhancements to support advisers and simplify transactions
  6.  
  7.   A focus on ensuring a fair deal for existing customers, including a cap on charges for legacy products
 Ronnie Taylor, Pensions Director, Scottish Widows, said: “The pensions industry has been shock-absorbing an unprecedented amount of change over the past few years, rightly putting the spotlight on value for money and delivering good outcomes for savers at retirement.
  
 “By investing in an intensive improvement programme focused on Driving Pensions Value, we are streamlining our business to meet the evolving needs of advisers, employers and individuals, concentrating on what really matters to them by removing complexity, and increasing engagement. We’ve already laid the foundations for this work and it will be our singular focus this year.” 

Back to Index


Similar News to this Story

Pensions for 9 in 10 DC savers invest in productive assets
TPR says larger schemes more likely to have the right governance standards and invest in a diversified portfolio. Smaller schemes seem less likely to
Transfer Activity index fell to record low in February 2025
XPS Group’s Transfer Activity Index has fallen to the lowest observed rate since the Index was established in 2018. In February 2025, there was an ann
Almost 300 buyin transactions completed in 2024 a new record
299 defined benefit (DB) pension scheme buy-ins were completed in 2024 – the largest ever number of transactions completed in a single year, according

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.