Scottish Widows International Closes

Scottish Widows have announced that their international side, based in Jersey, is closing to new business and that they will not be accepting any increases to existing investments.  Scottish Widows have recently written to advisers in the industry stating that they were not major international players and would rather focus on core UK business, such as investments, pensions and protection.  For clients of Scottish Widows International, a message from Nathan Moss, Managing Director for marketing and distribution said: "we would like to reassure customers that there existing investments will be unaffected by this change and we remain committed to maintaining our levels of service".  If you hold a Scottish Widows International policy and would like to discuss concerns you have, please get in touch.  Search the archive for other news on Scottish Widows.  FREE Fact sheet:  Would you like a copy of our fact sheet on the pro's and con's for offshore investment?  Contact us now.