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

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 at how financial ...

22 Sept 2024 at 07:00

Life

4 myths about workplace salary sacrifice schemes busted by an expert

Agreeing with your employer to “give up” a chunk of your salary may not sound like a fantastic financial deal – but workers can potentially make their money go further by using salary sacrifice schemes. Yet just over a ...

04 Oct 2024 at 08:00

Life

A pensions expert explains 3 ways to get to grips with your retirement savings

Saving enough money for retirement can feel like climbing a mountain – but for single people it can be particularly an uphill struggle – and nearly one in five don’t think they’ll ever be able to afford to retire. ...

07 Mar 2025 at 09:05

Personal Finance

39% of people ‘not on track to afford even a minimum lifestyle when they retire’

Nearly two in five (39%) people are at risk of being unable to cover even their basic needs in retirement, according to a report from Scottish Widows. The projected outcome has worsened compared with 2023, when ...

07 May 2025 at 00:01

Personal Finance

‘Critical’ need to close the UK’s self-employed pensions gap

The self-employment pensions gap must be tackled to help address wider retirement issues, Scottish Widows is urging. Susan Hope, a retirement expert at the pension provider, said flexibility is “key for ...

13 Jul 2025 at 08:05

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scottish widows

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