Scottish Widows unveils Retirement Account

The Retirement Account is a pension plan with a transparent charging structure and 1000 plus investment fund choice. Scottish Widows believes this is the first product with such a broad investment choice launched by a major insurer that already fully meets the requirements of SIPP regulation. SIPPs become regulated in April, with full disclosure requirements mandatory from November. Iain McGowan, head of individual pensions at Scottish Widows, said: “Scottish Widows has launched the Retirement Account having examined the A Day legislation extensively to design a product that r...