Scottish Widows is the life, pensions and investment provider of the Lloyds Banking Group.
Key facts and figures
- The Lloyds Banking Group's total life, pensions and investment market share at the end of June 2011 was 8.5%
- Our life and pensions group had free capital of £4.3bn at the end of 2010
- We look after over 43,000 company pension schemes, as at October 2011
- From 2009 to 2012 we'll have spent, or committed to spend, over £115m improving our products and services for customers
- The total European embedded value of the life companies in Lloyds Banking Group is £9.6 billion, as at 31 December 2010
- Our product range includes ordinary long-term insurance (such as life assurance, pensions and annuities) and savings and investment products
- We have a multi-sales channel capability, including: independent financial advisers, direct sales, direct marketing, internet sales and sales through the Lloyds TSB branch network
- Scottish Widows employs just under 4,800 people (Source: internal, as at October 2011)
- Scottish Widows Investment Partnership manages £136.92 billion of client funds (Source: SWIP - as at 30 September 2011)
The Scottish Widows timeline
- 1815 The company was founded in 1815 in Edinburgh as Scotland's first mutual life office
- 1986 The living logo, the Scottish Widow, was created as an icon which presented our positive values of strength, reliability, integrity, innovation and heritage
- 1995 Scottish Widows Bank is launched. It currently offers a range of savings, loans and mortgage products
- 2000 Scottish Widows is demutualised and becomes part of the Lloyds TSB Marketing Group on 3 March 2000
- 2009 In January 2009, Scottish Widows became part of Lloyds Banking Group
Brand story
