Scottish Widows launches self-serve pension transfer tool

The provider, which has launched the transfer facility as part of its digital transformation programme, said it wants to target advisers who either do not offer pension transfer advice or where the cost of advice would be prohibitive for people with small pots. The service is currently being offered to corporate pension clients but will be widened out to individual customers further down the line. The service is open for any transfers out of workplace or individual pension schemes but will not allow transfers out of defined benefit schemes or other schemes with guarantees.  Pension...