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Scottish Widows reviews

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Rated Poor 1.66/5

Scottish Widows reviews

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Review summary

People rate this company as Poor based on 78 product reviews

Average score of 1.66/5
5 star
12%
4 star
8%
3 star
0%
2 star
1%
1 star
79%
Reviews for Scottish Widows have trended positively over the past 90 days

Latest positive rating

5/5

My husband passed away 2 weeks ago, he had life insu...

My husband passed away 2 weeks ago, he had life insurance with Scottish Widows and they dealt with the claim within days. I think it... My husband passed away 2 weeks ago, he had life insurance with Scottish Widows and they dealt with the claim within days. I think it was Heather I spoke to at the claims department and she couldn't have been any nicer. At last, a company who knows how to treat their customers! Read more Read less

{"display":"annette","full_name":"annette","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
Life Insurance
annette 8th September 2024

Latest negative rating

1/5

Scottish Widows incompetency

I have been in dispute with Scottish Widows since 2020 over the extremely poor performance and management of the company Pension fund in relation to... I have been in dispute with Scottish Widows since 2020 over the extremely poor performance and management of the company Pension fund in relation to other pensions over a similar period. If you have a Company pension scheme with Scottish Widows, I strongly suggest you ask some questions on the performance, carry out a performance review plus administration charges soon. To Give you an idea, my pension pot bombed by nearly £20k in 2 years. From experience, the pension pot is moved to a safer “lifestyle” policy, these are a “bonds” based investment which have also bombed. Scottish Widows, when you look into the scheme are “Advisors, Administrators ” and Trustees”. (How that works I do not know) all taking a fee from your pension pot one assumes. Scottish Widows will not reveal what these charges are which depletes your pension pot. Be assured your pension needs to perform well, it will not be long before Pensions are means tested. There is a Scottish Widows Complaints Platform set up on Facebook which highlights issues others have had and some guidance. Do not be “fobbed off” by “it’s the markets” Read more Read less

{"display":"Peter R","full_name":"Peter R","avatar":{"url":"\/assets\/uploads\/avatars\/users\/1104342.png"}}'s avatar
Pension
Peter R 12th February 2025

About Scottish Widows

Scottish Widows is a UK-based life, pensions, and investment company that provides a wide range of financial products and services. They were created as an icon that confronted all the negative values associated with the word 'widow' and presented the positive values on strength, reliability, integrity, innovation and heritage.

Are you searching for the perfect place to support you with your investments? Our Scottish Widows reviews can help you decide if they're the right option for you.

If you’re considering using one of many services Scottish Widows offers, check out our reviews first. Discover which services customers are using and how satisfied they've been so far. Learn more about the benefits of being a Scottish Widows customer. All of this and more can be found in our Scottish Widows reviews.

Smart Money People is the place for Scottish Widows reviews. Read and write reviews and help us to increase trust and transparency in Financial Services.

Scottish Widows at a glance

Reviews for Scottish Widows

Showing 11 of 78 company reviews

Scottish Widows incompetency

Pension 12th February 2025

I have been in dispute with Scottish Widows since 2020 over the extremely poor performance and management of the company Pension fund in relation to... I have been in dispute with Scottish Widows since 2020 over the extremely poor performance and management of the company Pension fund in relation to other pensions over a similar period. If you have a Company pension scheme with Scottish Widows, I strongly suggest you ask some questions on the performance, carry out a performance review plus administration charges soon. To Give you an idea, my pension pot bombed by nearly £20k in 2 years. From experience, the pension pot is moved to a safer “lifestyle” policy, these are a “bonds” based investment which have also bombed. Scottish Widows, when you look into the scheme are “Advisors, Administrators ” and Trustees”. (How that works I do not know) all taking a fee from your pension pot one assumes. Scottish Widows will not reveal what these charges are which depletes your pension pot. Be assured your pension needs to perform well, it will not be long before Pensions are means tested. There is a Scottish Widows Complaints Platform set up on Facebook which highlights issues others have had and some guidance. Do not be “fobbed off” by “it’s the markets” Read more Read less

Rated Terrible 1/5
Read more product reviews

Disgusting, horrific service - DISGUSTING COMPANY

Investment Bond 1st December 2024

Took 2. 1/2 years to be paid out after many requests for verifications that had already been sent more than once. No communication between departments.... Took 2. 1/2 years to be paid out after many requests for verifications that had already been sent more than once. No communication between departments. Agreed to Omnibuds an term and still did not pay on time. Read more Read less

Rated Terrible 1/5
Read more product reviews
  • 5/5

    My husband passed away 2 weeks ago, he had life insu...

    My husband passed away 2 weeks ago, he had life insurance with Scottish Widows and they dealt with the claim within days. I think it... My husband passed away 2 weeks ago, he had life insurance with Scottish Widows and they dealt with the claim within days. I think it was Heather I spoke to at the claims department and she couldn't have been any nicer. At last, a company who knows how to treat their customers! Read more Read less

    {"display":"annette","full_name":"annette","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Life Insurance
    annette 8th September 2024
  • 4/5

    Easy set up and easy to understand.

    Easy set up and easy to understand. All broken down. Areas explained and covered

  • 2/5

    I'm unable to now review my savings!

    I'm unable to now review my savings! I now have to phone up to check my balence.

  • 1/5

    No customer service. Ignore ombudsman decisions

    I totally agree with Rob and Dave. I first wrote over a year ago to Scottish widows and have yet to have them engage with... I totally agree with Rob and Dave. I first wrote over a year ago to Scottish widows and have yet to have them engage with me and implement the financial ombudsman decision which should have been done by 24/11/23. They simply sit on customer money and profit from it. I can only suggest get your MP to make them accountable. Read more Read less

    {"display":"Chestnut ","full_name":"Chestnut ","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Pension
    Chestnut 28th February 2024
  • 1/5

    THE WORST COMPANY EVER

    THE WORST COMPANY IVE EVER DEALT WITH. Utterly useless. I have spent 10 weeks and 7 phones calls to merely ask where my money is... THE WORST COMPANY IVE EVER DEALT WITH. Utterly useless. I have spent 10 weeks and 7 phones calls to merely ask where my money is at and no one can give me an answer. No one ever calls me back and the call center staff are unable to connect me to anyone to help. I ask to be escalated to a manager and never anyone available. I’m not asking much and they are uttlerly usless. Still now 11 weeks down the track and I’m no wiser. I send a email and they say it will be between 3 and 10 days to reply. It’s 2023 you people - the world has the internet now - look into it. They should be investigated as something is terribly wrong with that company. Read more Read less

    {"display":"David Fox","full_name":"David Fox","avatar":{"url":"\/assets\/uploads\/avatars\/users\/800625.png"}}'s avatar
    Pension
    David Fox 19th December 2023
  • 1/5

    Disgraceful

    I am trying to opt out after being auto-enrolled and have not had any correspondence hence no policy number. The phone line won't put you... I am trying to opt out after being auto-enrolled and have not had any correspondence hence no policy number. The phone line won't put you through without a ploicy number so i spent hours making them up in order to get through. The rep i spoke to said he would trnafer me to the right team and i spent nearly an hour with him coming back to me whilst on hold to tell me we were still on hold, once we got through he could hear the other team but i couldn't, then sounding frustrated with it, he hung up!!!!!! Now I'm back to square one, you're taking my money but won't speak to me as I don't have a policy number as you haven't sent any documents. ABSOLUTE TOTAL DISGRACE - I guess you'l be taking my money now for the rest of my career and I'll never be able to speak to you about it and just accept it's gone forever!!! Read more Read less

    {"display":"Rob Curtis","full_name":"Rob Curtis","avatar":{"url":"\/assets\/uploads\/avatars\/users\/799709.png"}}'s avatar
    Pension
    Rob Curtis 30th October 2023
  • 5/5

    Peace of mind

    Always updated on our policy, which gives peace of mind.

  • 1/5

    If one could give negative stars one would

    Utterly terrible performing funds we have been burdened with by our company. Totally and utterly inept.

    {"display":"John G","full_name":"John G","avatar":{"url":"\/assets\/uploads\/avatars\/users\/759304.png"}}'s avatar
    Pension
    John G 8th October 2023
  • 1/5

    Incompetent fraudsters refuse to pay out

    Despite being unable to contact the joint beneficiary of a life policy for over 15 years, this bunch of incompetent clowns just keep writing the... Despite being unable to contact the joint beneficiary of a life policy for over 15 years, this bunch of incompetent clowns just keep writing the same brainless "you need to advise how we can contact your co-policy holder before we settle your half". And then, after several complaints, a breakthrough! Their customer services team agreed this was nonsense and that they had a number of similar previous cases where they had paid out the policy holders they were able to contact, and that they would instruct their payments team to settle half the fund value "within 10 days, direct to your bank account". 10 days later, no payment, and when I called, they said "you need to advise how we can contact your co-policy holder before we settle your half". Back to square one!. Useless, incompetent, unhelpful, they obviously just want to hold on to their customers' funds as long as possible to shore up their own dodgy finances. Don't touch them or their equally dodgy owners Lloyds bank - they're all a bunch of shysters. Read more Read less

    {"display":"dlight69","full_name":"dlight69","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Life Insurance
    dlight69 23rd August 2023

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