Scottish Widows partners with Moneyhub to help customers see all their finances in one place
Scottish Widows has partnered with Moneyhub to introduce open finance features to its app which allow customers to view all of their finances in one place.
From January 2024, customers with access to the Scottish Widows app will be able to connect their pensions with other financial accounts, such as current and savings accounts, stocks and shares products, loans, insurance policies and mortgages, including those held with other providers.
The functionality will lead to a more holistic and personalized view of a customer’s finances, giving them one complete view all within one app.
This feature builds on Lloyds Banking Group’s existing technology which allows its retail customers who have a Scottish Widows pension to see it in their online banking apps. The latest data shows that customers using Lloyds Bank, Halifax and Bank of Scotland apps view their pension 250 million times a year, alongside their bank account information.
In addition to allowing customers access to all their finances in one place through the partnership with Moneyhub, the app also provides financial wellness content and features provided by BeMoneyWell.