Scottish Widows

TAKEOVER fever surrounding Scottish Widows heated up yesterday when rival Resolution Life confirmed it would be interested in buying the Edinburgh finance giant if it was for sale, reports the Scotsman.

Axa and Swiss Re are believed to have made an exploratory £8bn takeover bid approach for Scottish Widows to its parent, Lloyds TSB, reports the Scotsman .

IFAs and providers are calling for further clarification on whether proposals to introduce a ‘non-contestability' period into life insurance policies would apply to deliberate non-disclosures.

Nearly three quarters (73%) of 18 to 24 year olds are increasingly worried about their financial future new research from Scottish Widows reveals.

It's just not what I wanted to see after a busy day at the office. Just got home - traffic was shocking with the onslaught of Scotch mist (torrential rain) - attended to one or two ‘must do's' before sitting down to a relatively healthy, cooked-from-scratch...

Hundreds of staff at Scottish Widows faced an uncertain future last night after the company announced it was to consolidate back office jobs in Chatham, Kent, reports the Scotsman .

The Financial Services Authority's proposal to free-up capital across the life insurance industry has led some providers to suggest there could be reduced premiums and greater innovation across the protection industry.

Pricing of critical illness policies could become less reliable and perhaps more expensive if the government puts forward regulations which state insurers can only use public data to calculate premiums for men and women.

Scottish Widows and supermarket giant Asda have terminated their agreement to sell life cover products at the checkout.

The proposed charging system for personal accounts is ‘flawed' and unachievable according to Scottish Widows.