Provider fees

Scottish Widows pension fees and charges

Product record reviewed: 2026-04-29 · Fee schedule checked: 2026-09-11 · Source: provider fee page

Direct answer: Scottish Widows charges 0.25% capped at £198/year (£16.50/month). Cap effective above ~£79,200.. On a £100,000 pot that is £198/year in annual provider/platform fee, and on a £500,000 pot it is £198/year. Fund charges and product-specific caveats may apply.

Fee model

0.25% capped at £198/year (£16.50/month). Cap effective above ~£79,200.

Percentage, capped · SIPP available · Workplace available

Annual representative charge by pot size

Annual figures displayed to the nearest pound. Representative provider/platform charge. Fund charges and adviser charges may be additional unless the provider note says they are included: Varies by investment; check the selected fund’s current charges

Note: Share Dealing SIPP administration is 0.25% of investments, capped at £16.50/month; holding cash has no administration charge. UK share and fund online trades cost £5; regular investing is free. Dividend reinvestment costs 2% of the dividend, capped at £5. The schedule lists no transfer-in/out or additional drawdown charge. FX and other transaction charges can apply. Check any legacy account offer separately; workplace prices are not represented.

This entry covers the Scottish Widows Share Dealing SIPP. Its investment-based administration charge has a monthly cap; fund costs and trading charges are separate. The schedule lists no additional drawdown charge. Workplace pensions and older account offers require their own terms, so the headline SIPP charge should not be applied to every Scottish Widows pension.

Strengths

+SIPP administration charge capped at £198/year
+No additional drawdown charge listed

Limitations

–Online share and fund trades cost £5
–Fund charges and investment transaction costs are additional

Details

Fund range~3,000 funds, 700+ ETFs, 4,500+ shares (formerly iWeb platform)

Minimum investmentNo minimum

Typical fund OCFVaries by investment; check the selected fund’s current charges

SIPP/direct pensionSIPP available

Sc. Widows pension fees FAQ

What are Scottish Widows pension charges in 2026?

Scottish Widows's representative published charging model is: 0.25% capped at £198/year (£16.50/month). Cap effective above ~£79,200.. The figures on this page show provider/platform/admin charges by pot size. Fund charges, adviser charges, workplace terms and product-specific charges may differ, so check the provider fee schedule before acting.

Does Scottish Widows offer a SIPP platform?

Scottish Widows offers a Share Dealing SIPP with a capped platform fee in the data used on this page. Workplace pension charges are separate and can be employer-negotiated, so a Scottish Widows workplace pension is not automatically priced the same as the SIPP platform.

Are Scottish Widows pension and platform charges the same?

No. Scottish Widows has different pension products and charging structures. This page uses the published Share Dealing SIPP/platform fee schedule for the representative table, while workplace pension charges and legacy products can differ.

All providers

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Things to consider

•Fees shown are representative provider, platform or admin charges. Some rows are platform/admin fees only; Royal London's Governed Range AMC includes Royal London fund management.
•Fee structures change without notice. Always verify the current fee on the provider's website before making any decision.
•The lowest headline fee is only one comparison point. Fund range, service, platform features, investment choice, adviser access, and product restrictions also matter.
•Transferring a pension may involve exit fees, loss of guaranteed benefits, or loss of employer contributions. Check before you transfer.
•This page is factual information based on published fee schedules, not a recommendation to use or avoid any provider.
•For personal recommendations, speak to an FCA-regulated financial adviser and check the FCA register.

This provider comparison is general information based on published charge schedules, not financial advice or a personal recommendation. Verify current fees and product terms with the provider and check FCA authorisation before acting.