Scottish Widows' profits up 50% to £330m in 2025 driven by 'steady growth'

The results, part of its parent company Lloyds Banking Group's full year results, also showed deferred profits of £5.2bn, which it said reflected the "continued long-term financial strength of its portfolio". Scottish Widows is part of Lloyds Banking Group's insurance, pensions and investments business. The division's assets under administration (AuA) rose 15% to £232bn during the year, supported by "strong markets and sustained new business momentum". The results showed workplace pensions totalled £129bn in AuA, up 20% on 2024 and remained a robust section for growth. The business hi...