Scottish Widows – Pensionfinder
About Scottish Widows
This company was founded as Scotland’s first mutual life office in 1815. From its humble Edinburgh origins, Scottish Widows is now one of the UK’s most recognisable brands in the investment and pensions industry. They have been a member of the Lloyd TSB Marketing Group since 2000. In 2009, Scottish Widows also became part of Lloyds Banking Group. They have won a host of pension, service and fund awards including the 2016 Moneywise Pension Award for Best Stakeholder Pension Provider and the 2016 International Fund and Product Award for the Best Life Group in the UK.
Product Services and Speciality Products
Their Retirement Account is another name for a personal pension. This account allows you to hold pre and post retirement benefits which means that you can save for retirement whilst taking taxable income under the same account. Scottish Widows also has an online Control account which allows full transparency of transactions to and from the account. Their Stakeholder Pension Plans can be initiated with an investment of as little as £20. You can get tax relief at your highest rate of payment and you can also alter your payment structure without penalty.
Scottish Widows also offer corporate pensions which give members expert financial advice and administration. They take great pride in adding a personal touch to your scheme with their dedicated service. Their charging options are flexible and as you may already have seen, Scottish Widows have won several industry awards for their sterling work with the pensions of those in corporations. It is advisable to join a company pension scheme in order to have your own income which you require on top of the State Pension which is likely to be inadequate on its own.
You can visit a Bank of Scotland or Halifax branch if you wish to discuss pensions further but there is also the possibility of using the Scottish Widows Direct service. This was established in 1993 and gives customers face to face advice.