Company Directory - Scottish Widows
Company Details - Scottish Widows
Scottish Widows
WebsiteEdinburgh, United Kingdom
Scottish Widows is a UK-based workplace savings specialist offering a range of pension services, life insurance, and financial solutions. The company is known for its expertise in using salary exchange strategies to help customers manage their retirement planning and secure their financial future. It has a long-established history and operates as part of a larger financial group.
CCI Score
CCI Score: Scottish Widows
30.03
-0.01%
Latest Event
Scottish Widows Promotes Employee-Boosting Salary Exchange Scheme
Scottish Widows, through workplace savings specialist Susan Hope, rebrands the traditional 'salary sacrifice' approach to 'salary exchange', emphasizing the positive benefits for employees by enhancing take-home pay and accumulating greater pension savings amid rising living costs.
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DISSENTER
Scottish Widows is currently rated as a Dissenter.
Latest Events
- MAR282025
Scottish Widows, through workplace savings specialist Susan Hope, rebrands the traditional 'salary sacrifice' approach to 'salary exchange', emphasizing the positive benefits for employees by enhancing take-home pay and accumulating greater pension savings amid rising living costs.
- SEP072023
Scottish Widows has outlined its commitment to responsible investing through its 2022 Climate Action Plan and robust divestment programme. The company aims to invest £20-25 billion in climate-aware strategies by 2025, has already invested £17.5 billion, and has divested approximately £3 billion from companies failing its ESG criteria. It also collaborates with initiatives such as the UN Principles for Responsible Investment and advocates for progressive regulatory reforms.
+60
Public and Political Behavior
March 28
Scottish Widows actively engages in public and political behavior by collaborating with international responsible investment initiatives and supporting regulatory reform. This progressive stance supports accountability and transparency in finance, aligning with anti-authoritarian values.
Responsible investing Q&A: Scottish Widows › Good With Money
+70
Business Practices and Ethical Responsibility
March 28
The company's comprehensive Climate Action Plan and its significant divestment programme demonstrate a strong commitment to ethical business practices. By setting ambitious sustainability targets and ensuring investments align with ESG criteria, Scottish Widows reinforces progressive, anti-fascist economic practices.
Responsible investing Q&A: Scottish Widows › Good With Money
- JUL062023
Scottish Widows, part of Lloyds Banking Group Plc, coordinated with other UK pension funds to summon investment managers including BlackRock Inc. and State Street Corp. over concerns about their ESG voting records, marking the first coordinated campaign by asset owners to influence asset manager voting behavior towards sustainable outcomes.
+50
Public and Political Behavior
March 28
By actively summoning its investment managers to address concerns about their ESG voting records, Scottish Widows demonstrates a proactive stance in promoting responsible corporate governance and enhancing accountability in the management of assets. This action aligns with progressive, anti-authoritarian principles in ensuring that corporate voting practices generate measurable, positive outcomes.
Scottish Widows Targets Investment Firms on Voting Records (2)
+40
Business Practices and Ethical Responsibility
March 28
The campaign reflects a commitment to ethical business practices by holding asset managers accountable for their voting behaviors related to ESG issues. This move supports broader progressive efforts to ensure that corporate actions are aligned with social and environmental responsibilities.
Scottish Widows Targets Investment Firms on Voting Records (2)
- APR282023
Scottish Widows was highlighted in FCA data for having a high percentage of upheld complaints in its pensions and investments products, indicating significant consumer grievances and potential shortcomings in business practices.
-40
Business Practices and Ethical Responsibility
March 28
The high rate of upheld complaints (ranging from around 86% to 92% in various product categories) reflects a systemic issue in addressing customer concerns and underscores ethical lapses in service quality. This failure in business practices negatively impacts financial security for customers, particularly those from marginalized communities reliant on fair and accountable pension services.
Scottish Widows tops complaints list for pensions and investments
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