Scottish Widows announces corporate pensions enhancements

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Scottish Widows announces corporate pensions enhancements

Scottish Widows has announced two new enhancements to its corporate pension packages, which it claims gives advisers and employers more scope for tailoring pensions to individuals' needs.

The Salary Exchange tool allows schemes specific bulk calculations and helps advisers and employers show the different ways available to take advantage of the National Insurance contribution savings which result from a salary exchange agreement.

Scottish Widows Self Investment Option, the second enhancement, allows members of company pension schemes greater investment choice and control when it comes to managing their pension.

John Taylor, market director of corporate pensions at Scottish Widows, said: "Our Corporate Pensions customers require a greater degree of customisation from their provider, and our Self Investment Option can be tailored to meet their needs exactly."

Scottish Widows, which traces its origins back to 1815, is part of the Lloyds Banking Group.

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