Scottish Widows changes annuity application process amid coronavirus

Scottish Widows is now allowing double the amount of time - 60 days, rather than the standard 30 days - for all necessary steps to be taken to secure an annuity rate, including monies transferred from ceding schemes. The insurer and pension provider has also temporarily removed the need for wet signatures for clients who want to purchase an annuity. Under normal circumstance Scottish Widows requests a copy of an original signature. In place of a wet signature the firm is accepting email confirmations from clients via their financial adviser. Scottish Widows director of annuities Em...