Lloyds Banking Group
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2 days ago · Pete is the Head of Policy, Pensions and Investments at Scottish Widows, part of Lloyds Banking Group's Insurance and Wealth division. Pete has worked at Lloyds Banking Group for 31 years, holding a wide range of senior positions, including Head of Individual Pension Propositions and Head of Workplace Pension Propositions before taking on the pensions policy brief 6 years ago.
3 days ago · Scottish Widows has suggested a roadmap to increase minimum contributions into pensions from 8% to 12%, “with a strong steer that those who can afford 15% should do so”.
2 days ago · The Scottish Widows’ annual retirement report revealed the percentage of people not on track for what the PLSA deems a minimum retirement has worsened from 35 per cent to 38 per cent since 2023 ...
1 day ago · Inadequate pension saving soars. The number of people not saving enough for a minimum retirement lifestyle has increased by 1.2 million people (3%) in the last year, a report from pensions provider Scottish Widows has revealed. The YouGov survey that fed into the report revealed that a third (34%) of people thought they were preparing ...
2 days ago · The percentage of people in the UK not on track for even a “minimum retirement lifestyle” has worsened from 35% to 38% since 2023, equating to an extra 1.2 million people, according to Scottish Widows’ 20th annual Retirement Report.
2 days ago · Scottish Widow figures show workers on an average salary of £34,963 could retire 12 months earlier than planned by choosing a salary sacrifice scheme. It would result in an extra £463 paid into their pension each year - over the course of 25 years and assuming 5.4% growth, this would then add £35,900 to their pension pot.
3 days ago · Mon, 22 July 2024, 7:01 pm GMT-4 · 2-min read. 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 even a minimum lifestyle, according to the research from Scottish Widows, up ...
