Scottish Widows

Proposals to abolishing contracting-out for defined contribution (DC) pension schemes outlined in yesterday's white paper has caused concern among some sectors of the industry.

Ahead of the publication of the white paper on pensions reform, Scottish Widows has stated the state pension system has to be reformed before a National Pension Savings Scheme (Npss) can be introduced.

Industry experts have suggested numerous ways income protection (IP) can be reformed, following a report published by Swiss Re yesterday which states IP needs a radical review to prevent it becoming "a marginal product".

People fall into one of four types of saver categories, influenced by the habits their parents taught them as children, claims new research from Scottish Widows.

PENSIONS campaigners were yesterday gearing up for battle as it emerged the government planned to fight recommendations it should pay compensation for lost pensions, reports The Times .

More than eight million homeowners have an estate worth more than the current Inheritance Tax (IHT) threshold of £275,000, claims new research from Scottish Widows.

Consumers are still uncertain of the circumstances when a critical illness policy pays out, suggests new claims data from Scottish Widows.

Once in a while, someone launches a new financial product on the market which sets everyone in the industry talking - recently it was the unveiling of Virgin Money's Big V direct offer cancer cover.

Scottish Widows is launching a long-awaited online portfolio tool next month which allows the investment adviser to select suitable funds for clients from the whole of the UK investment market.

Scottish Widows is planning to automatically contract some of its direct customers back into the State Second Pension (S2P) unless they actively choose otherwise.