View more on these topics

Widows in link-up to offer online pension planner

Scottish Widows has teamed up with JLT Online Benefits to offer a range of new and enhanced tools for its mymoneyworks workplace savings platform.

The provider has developed a new online pension planner tool which enables employees to forecast how much they may get in retirement.

It also allows customers to evaluate the individual impact of delaying retirement, increasing pension contributions and how investment choice is likely to affect investment returns.

Widows managing director of corporate pensions John Taylor says: “The new suite of tools continues the evolution of mymoneyworks based on feedback from those who are already using it.

“The platform is already available to over 10,000 employees across several organisations and we expect that number to double to 20,000 in the coming months.”

Widows has added four new calculators to the online platform to expand the proposition beyond pensions. The calculators enable users to compare mortgage options, the merits of loans versus credit cards and the time it will take to reach a savings target.

Employees can also view their overall budget based on the data they have input into the system.

Bestinvest senior investment adviser Adrian Lowcock says: “I think that developments like online tools and calculators will help engage people in long-term saving. These sort of propositions are going to continue to grow, particularly in the build-up to auto-enrolment and the RDR.”


BIS calls for higher interest rates

Tighter monetary policy is required on the global stage to alleviate risks to financial stability, the Bank for International Settlements has warned. In its annual report, the international financial cooperation organisation examines a number of “daunting challenges” facing policymakers and highlight the risks these create for the financial system. The group notes the growing size […]


UKAR chief warns of “tsunami” of repossessions when rates rise

Britain will face a huge wave of repossessions as soon as interest rates start to rise again, according to the chief executive of the firm running £80bn of mortgages from bailed out banks. In an interview with The Guardian, UK Asset Resolution chief executive Richard Banks says the projections for the number of people falling […]


FSA: New regulator’s interventionist approach will increase costs

The FSA has warned the financial services industry it will have to bear the brunt of higher regulatory costs as the Financial Conduct Authority pursues a more interventionist style. At an FSA conference on the FCA this week, FSA chief executive Hector Sants said the early intervention approach proposed for the FCA offers greater prospects […]


LGIM director on extended sick leave

Legal & General Investment Management director and head of global high yield David North has gone on extended sick leave. North manages the £2bn high income fund as well as the £528m diversified absolute return fund. He is also head of asset allocation at the firm. North joined LGIM in 2000, after eight years at […]

Phone - thumbnail

Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm