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Making your decision
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The Financial Conduct Authority (FCA) requires providers of investment pathways for pensions drawdown to set up and maintain either an Independent Governance Committee (IGC) or Governance Advisory Arrangement (GAA) to represent the interests of pathway investors.
From 2021 to 2025, Embark Corporate Services Limited appointed Zedra Governance Ltd to provide the GAA in relation to its investment pathways. The Embark investment pathways came into force on 1 February 2021.
What’s Changing?
As a result of the integration of Embark into Scottish Widows, Embark is now able to benefit from the in-house oversight provided by the Scottish Widows IGC. From 1st January 2026, governance of the Embark investment pathways will move to the Scottish Widows IGC and they will complete the 2025 annual review.
The IGC is a body of experts who maintain a direct relationship with the FCA. The IGC hold product providers to account on behalf of those saving in a workplace personal pension scheme and, policyholders invested in pathway solutions for pension drawdown.
A majority of IGC members and the Chair must be independent, and the committee should consist of a minimum of five members.
Once available, the SW IGC Chair’s annual statements will appear on this page on or before the 30th September each year.
Previous reports provided by Zedra Governance Ltd
Download the 2024 Chair's annual report.
Download the 2023 Chair's annual report.
Download the 2022 Chair's annual report.
Download the 2021 Chair's annual report.
If you have any comments, questions or concerns in relation to the work of the Scottish Widows IGC, please send us an e-mail.
contacttheigc@scottishwidows.co.uk