Scottish Widows Pension Drawdown

Compare Scottish Widows pension drawdown fees, investment options and features against all 21 UK providers. Updated for 2026.

Fee structure

Platform fees: 0.25% a year, capped at £16.50/month (£198/year) - Share Dealing SIPP

Fund charges (Ongoing Charges Figure) apply on top of platform fees and depend on your chosen investments. Use our calculator above to see the total annual cost for your specific pot size.

Latest Scottish Widows news & updates

1 May 2026

Scottish Widows' 2026 Retirement Report warns on pension adequacy

Scottish Widows' annual report estimated that around 31% of UK people still face an inadequate retirement, an improvement on the prior year but covering some 12 million people. It urged higher auto-enrolment contributions.

17 Feb 2026

Lloyds sells Scottish Widows' European arm to Chesnara

Lloyds agreed to sell the closed Scottish Widows Europe business to Chesnara for around €110m. The disposal does not affect the core UK pension and drawdown business.

6 Feb 2026

Scottish Widows profits rise sharply in 2025

Scottish Widows reported a significant increase in 2025 profits and opened private market investing to more workplace pension members.

Last updated 1 May 2026.

Compare Scottish Widows

Read the full Scottish Widows review — independent analysis of fees, features, service quality and user experiences.
Scottish Widows vs all providers — see how Scottish Widows fees compare against every UK drawdown provider for your pot size.
All provider fees compared — side-by-side fee comparison of all 21 UK providers.

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