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The Latest Breaking News from Scottish Widows

One in three UK workers ‘at risk of not being able to cover costs in retirement’

A lack of engagement with pensions ‘is holding people back from taking their best shot at long-term saving’, Scottish Widows said.

Evening Standard

Workers face retirement crisis as one in three can’t cover basic needs

Part-time workers are particularly vulnerable

The Independent UK

Ross Kemp urges people to strengthen their pension to ‘gain some serious pounds’

The actor and presenter takes part in a fitness workout for a new Pay Your Pension Some Attention campaign.

Evening Standard

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Track down old pensions and prioritise long-term finances, Britons urged

A new campaign is encouraging people to prioritise their savings in a similar way to their health and fitness

The Independent UK

‘Critical’ need to close the UK’s self-employed pensions gap

Research for Scottish Widows has indicated 39% of self-employed people are not saving enough for retirement, and 23% are not saving anything at all.

The Independent UK

Scottish Widows owes it to the UK taxpayer to invest in British companies

The pension giant plans to cut its exposure to UK equities from 12% to 3%

Evening Standard

The UK regions where almost 50% of people could be ‘unable to afford basic needs in retirement’

Pension savings levels have failed to keep pace with the rising cost of living, according to a new report

The Independent UK

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39% of people ‘not on track to afford even a minimum lifestyle when they retire’

The research from Scottish Widows highlighted several groups of people who may be at particular risk of falling short financially in retirement.

Evening Standard

University denies purchasing iconic building as staff face cuts

A union has called for urgent clarity from Edinburgh University after it published an “incorrect” memo that said the cash-strapped institution…

The National (Scotland)

Major UK investors join push for retail giants to pay workers ‘real living wage’

Axa and Scottish Widows back ShareAction campaign for chains such as Next to pay at least £12.60 an hour

The Guardian - UK

Shareholder activists target high street retail giants over low wages

Next, M&S and JD Sports are being urged to provide more transparency on approaches to pay amid cost of living woes for workers.

The Independent UK

Mind the wealth gap: why women still have less than men and what you can do about it

How money has changed for women, the wealth gaps we need to close and how to do it.

Marie Claire

A pensions expert explains 3 ways to get to grips with your retirement savings

Many people don’t think they’ll ever be able to stop work, research for Scottish Widows has revealed.

The Independent UK

First look at £200m revamp of Lloyds banking HQ in Scotland

LLOYDS Banking Group has announced plans to transform its Port Hamilton building in Edinburgh city centre into a "state-of-the-art innovation…

The National (Scotland)

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Evening Standard

Millions of people could get more support with their pensions under FCA plans

The Financial Conduct Authority expects to consult next summer on new rules to give pension savers targeted support.

The Independent UK

‘Family retirement pots’ could help close pensions gender gap – report

More joint financial planning would help prevent women from losing out financially in a divorce or when a partner dies, Scottish Widows said.

The Independent UK

4 myths about workplace salary sacrifice schemes busted by an expert

Salary sacrifice schemes can be a great way to make your money go further but are often misunderstood, says a finance expert.

The Independent UK

Living cost hikes and surging property prices ‘have posed significant challenge’

Scottish Widows looked at how financial challenges for households have evolved, to mark its 20th annual retirement report.

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The Independent UK

What to do now if you’re worried about your retirement prospects

Are you one of the 27% of people who doubt they’ll ever be able to afford to stop working? Don’t panic if you’re not on track, says a pensions expert.

The Independent UK

Millennials and Gen Z beware: People in their fifties have serious pension problems. You could be doomed

People in their forties and fifties aren’t saving enough for a comfortable retirement, according to new research. So where does that leave younger generations who are worst hit by the cost of living crisis, asks Katie Rosseinsky?

The Independent UK

1.2m more people ‘falling short of minimum retirement prospects than a year ago’

More people will be renting or carrying mortgage repayments on through retirement in the future, Scottish Widows said.

The Independent UK

‘Serious disparity’ around retirement savings of people identifying as LGBTQ+

People who identify as LGBTQ+ are particularly likely to say they are not saving for their retirement, according to research for Scottish Widows.

Evening Standard

Ignoring pensions during a divorce costs women billions

City Voices: Only 30% of divorcing couples include pensions in their divorce settlements

Evening Standard

Scottish Widows staff told not to use the word ‘widow’ as it triggers some customers

Bank bosses say it may spark ‘unwarranted personal memories of trauma and upsetting situations’

The Independent UK

Three in four single mothers could face challenges affording basic needs during their retirement years

The ‘motherhood penalty’ is exacerbated for single mothers, Scottish Widows has said

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