Scottish Widows Isa 'helps plan better financial futures'

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Scottish Widows Isa 'helps plan better financial futures'

Fri 18th Feb 2011

Scottish Widows has set up a new corporate Isa product to help workers to save and plan for the future.

The Scottish Widows 2010 Workplace Pensions Report indicated that 46 per cent of people have taken out a cash Isa to help save and supplement pensions, while 17 per cent had a stocks and shares Isa.

Employees who set up a corporate Isa can pay regular contributions through payroll deduction, individual direct debits or by depositing funds at any other time.

John Taylor, market director of corporate pensions at Scottish Widows, commented: "The addition of our Corporate Isa strengthens our workplace savings offering."

He explained that it combines Halifax Share Dealing's expertise with the financial education and guidance offered by mymoneyworks.

Earlier this month, Nationwide announced the launch of its new 18-month fixed rate Isa, which pays annual interest of between three per cent and 3.25 per cent.

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