All the updated news related to scottish widows

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Personal Finance

Households’ financial wellbeing ‘at lowest point in two years’

Households’ financial wellbeing is at its lowest point in two years, as the surging cost of living hits people’s ability to save, according to an index. The Scottish Widows index, which measures households’ overall perceptions of financial wellbeing,...

06 Apr 2022 at 01:25

Later life challenges have changed since last coronation, says pension provider

The number of people receiving the state pension has more than doubled since the last coronation, according to a pensions and savings provider. And despite female employment levels having surged over the decades, a pensions gender gap remains, ...

04 May 2023 at 09:21

Personal Finance

One in three ‘could struggle to achieve minimum living standards in retirement’

Around one in three (35%) people could struggle to make ends meet in retirement, according to a report. The average man is on track to receive £19,000 a year in retirement income per year, compared with £12,000 for the average woman, the ...

28 Jun 2023 at 00:01

Life

Three in four single mothers ‘may struggle to afford basics when they retire’

Three-quarters (75%) of single mothers could struggle to afford basics such as food and heating when they retire, a report estimates. Scottish Widows’ annual report said the “motherhood penalty” – the financial and career disadvantages ...

15 Nov 2023 at 14:07

Personal Finance

Three in four people ‘taking action to cope with financial pressures’

Four out of five adults (81%) are concerned about making ends meet as living costs surge and three-quarters (76%) need to take action to cope with the financial pressures, a report has found. Over a third (35%) plan to cut back on ...

29 Jun 2022 at 01:01

Personal Finance

One in three ‘do not understand how power of attorney can be used’

One in three (33%) people feel they do not understand how power of attorney can be used, despite having heard of it, a survey has found. Nearly two-thirds (62%) said they do know how power of attorney is used and a further one in ...

02 Mar 2023 at 11:42

Personal Finance

Unmarried couples risking missing out on life insurance payouts – research

Many unmarried couples with life insurance could be at risk of not receiving a payout if one of the partners dies, a survey suggests. Just over half (52%) of unmarried people know if their partner has a life insurance policy, ...

30 Dec 2022 at 07:00

Personal Finance

‘Serious disparity’ around retirement savings of people identifying as LGBTQ+

One in four (25%) people who identify as LGBTQ+ are not saving for their retirement, a survey has found. The research was released by Scottish Widows to coincide with Pride Month in June. It also found that just under a ...

18 Jun 2024 at 09:42

Personal Finance

1.2m more people ‘falling short of minimum retirement prospects than a year ago’

About a million more people than a year ago are at risk of falling short of having a minimum lifestyle standard in retirement, a report has found. Nearly two-fifths (38%) of people are estimated not to be on track for ...

23 Jul 2024 at 00:01

Personal Finance

‘Family retirement pots’ could help close pensions gender gap – report

The introduction of “family pension pots” could help to close the pensions gender gap, a report has suggested, with an estimated two in five women and one in three men potentially heading towards poverty in ...

13 Nov 2024 at 00:01

Personal Finance

More than three-quarters of people ‘dipping into pensions before retirement’

More than three-quarters of people with defined contribution (DC) pension pots have already dipped into them by the time they retire, data from a pension provider indicates. Scottish Widows said that 78% ...

16 May 2024 at 08:19

Personal Finance

Living cost hikes and surging property prices ‘have posed significant challenge’

The average UK house price has more than doubled over the past two decades, while annual rental prices were around a fifth 20 years ago of what they are today, analysis has found. Scottish Widows looked ...

22 Sept 2024 at 07:00

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scottish widows

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