Pensions
Scottish Widows Pension: A Plain Guide
The Scottish Widows pension is a defined contribution scheme, usually a workplace or personal pension: you (and an employer, if it is a workplace scheme) pay in, and the pot is invested in a default fund. Auto-enrolment default charges are capped at 0.75% a year. Scottish Widows is part of Lloyds Banking Group.
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Scheme type - Defined contribution (a pot you build, not a salary-based promise)
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Common forms - A workplace group personal pension, or a personal / Retirement Saver pension
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Owner - Part of Lloyds Banking Group
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Default fund - Typically a lifestyle Pension Portfolio fund that gradually de-risks as you near...
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