from 63 ratings
63 customers rated their Scottish Widows pension as 4 out of 5 in our Consumer Finance Awards and Reviews.
Customer Service
Flexibility & Fairness
Product Features
Value For Money
One of the most recognisable financial providers, Scottish Widows continue to support UK consumers with a vast selection of funds and investment types. With Scottish Widows Pensions, you can choose to invest either with a single lump sum, regularly payments on a monthly basis or annual deposits directly from your current account. Scottish Widows also offer annuities which allow you to convert your personal pension into a retirement income.

Pensions are long term investments. You may get back less than you originally paid in because your capital is not guaranteed and charges may apply.

 Number of FundsMinimum InvestmentEthical FundsAMC 
SingleMonthlyAnnual
Scottish Widows
The Retirement Account (AC)
130
funds
£10,000£200£2,4000.7%
Scottish Widows
The Retirement Account SIPP
---
£10,000
---
---
---
Scottish Widows
The Retirement Account (AC) PTP
130
funds
---
£50£600
---

We provide an independent comparison service free of charge but we may receive a commission from some of the companies we refer you to. These are displayed with non-faded buttons.

Scottish Widows Pension Reviews

Scottish Widows pension

by millyvanilli, 4 days ago

I have a pension arranged through my workplace and honestly, I still don't really understand it that much. The initial Q&A session we had with a member of Scottish Widows was good, but I feel there was limited help following this. I'm not even sure how much pension I'm paying compared to my hourly rate, which changes monthly!

Customer Service:
Poor, could be greatly improved
Flexibility & Fairness:
Average, could be better
Product Features:
Average, could be better
Value For Money:
Poor, could be greatly improved


Scottish Widows

by robertf84, 6 days ago
saving for the future
Recommended by robertf84

First thing is do not delay in starting a pension,the earlier you can start the better in order to build up a reasonable pension pot because no-one will be able to live of the state pension and have the same standard of living as they do when they are working.

Also you should check out all the pension providers and pension schemes to see which company has the best track record and provides the best payment on retirement. You should join the company pension scheme if they have one.

The product was found for me by my employers.

Customer service seems fine and I get regular updates on the value of my pension pot.

Customer Service:
Average, could be better
Flexibility & Fairness:
Average, could be better
Product Features:
Average, could be better
Value For Money:
Average, could be better


Contracting out of SERPS

by mbcomper, 1 week ago
Lower fees
Failure to act on instructions

I have a personal/private pension. The reason I transferred my pension plan from was to benefit from lower fees, as per a review from an independent financial advisor.

However, I have since received a letter in June 2014, telling me that although I requested to contract out of SERPS in 2007 and they wrote to me to confirm they had done this. They are now saying that this action was not completed and have asked me to complete forms and provide further information to initiate whether they need to compensate me for not contracting me out of SERPS when I originally requested.

Customer Service:
Average, could be better
Flexibility & Fairness:
Average, could be better
Product Features:
Average, could be better
Value For Money:
Average, could be better


Scottish Widows - Pension

by kelsie, 1 week ago
Ease of Use
Recommended by kelsie

I have not had much experience dealing with this company, but has had no problems at all. So have been paying in for around three years, easily deducted from my salary with no compilations. My employer also matches what I pay in too. I would recommended this company to any of my family of friends simply because of ease of use and no complications.

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


Difficult to say much about pensions

by shazza283, 1 week ago
Easy
Not performing brilliantly
Recommended by shazza283

Erm.... Difficult to say much about pensions - seems to be doing OK although like every other pension it can only perform in a reasonably buoyant market which we don't currently have. I suppose u could say it is as good as anyone could expect for the current climate?? Never had major problems....... Took this out through a broker a
/ financial advisor

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


A Pension Provider

by Skooda, 1 week ago
Recommended by Skooda

I have found that, although Scottish Widows only supplies one small Pension for me, I have always found them to be fair and reasonable on every occasion that I have needed to contact them. All questions are answered carefully and succinctly, with care being taken to ensure that my questions were answered. The answers come quickly so that no time is lost when I am concerned about anything.

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


Scottish Widows

by klm1702, 2 weeks ago
Keeps you well informed
not easy to understand
Recommended by klm1702

I think that Scottish Widows do the best pension plans not that I'm an expert by any means. This pension was originally through my old job but to be honest I never really had any dealings with them so can't comment on their customer service. They do send out regular statements and information but I'm not very clued up on pension plans. Due to health reasons I had to give up my job but Scottish Widows gave me the option of continuing to pay into my pension on my own which I thought was a great idea so I have been doing this, obviously I no longer get any company paying in but at least I'll have a pension of some sort when I retire.

Customer Service:
Excellent
Flexibility & Fairness:
Excellent
Product Features:
Excellent
Value For Money:
Excellent


Standard Life pension plan

by kirkhu, 1 month ago
shares
Recommended by kirkhu

This seems as good as any & I see no need to move o0ut. A little bit hard to tell 'til I come to retire! I am not financially minded so the figures are not especially informative for me. I own to feeling a little nervous re the eventual outcome.
My mother has done very well from this firm. Customer service seems fine on the rare occasions when we use it. We also gain shares every year which is a bonus.

Customer Service:
Excellent
Flexibility & Fairness:
Excellent
Product Features:
Excellent
Value For Money:
Excellent


Work Pension with Scottish Widows

by redsparkle010, 1 month ago
Recommended by redsparkle010

My work pension has recently transferred over to Scottish Widows. I have had no problems with them at all and they have been very good through the changeover process.

One of their staff came to speak to us at the workplace to go over all the new points of our new plan.

I do not feel I have had the pension long enough to comment further.

Customer Service:
Good, I'm happy
Flexibility & Fairness:
Good, I'm happy
Product Features:
Good, I'm happy
Value For Money:
Good, I'm happy


A Good Company to be with

by hburto, 1 month ago
Quality of product
Getting to the right department
Recommended by hburto

The product is what I would expect of a pension. Sorting out was easy and trouble free. Contact was efficient and pleasant. Nice friendly staff. Hardly any waiting time each time I have phoned. Getting to the right department was a bit of a problem at times, but nothing to much. I would highly reccommend them. Fast regular payments on time.

Customer Service:
Excellent
Flexibility & Fairness:
Excellent
Product Features:
Excellent
Value For Money:
Excellent


Pension Companies