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Darling, who returned to frontline politics to led the Better Together campaign to uphold the 307-union with England and Scotland, said the award was "the equivalent of the political gold watch".

Scotland's Herald Honours Alastair Darling with Lifetime Achievement Award

Meanwhile, Nicola Sturgeon was named Scotland's Politician of the Year.

Nicola Sturgeon Becomes Scottish First Minister

Sturgeon succeeds Alex Salmond, who stepped down after failing to secure independence for Scotland

Newly elected party leader Nicola Sturgeon smiles at the Scottish Nationalist Party (SNP) annual conference in Perth November 15, 2014.

Nicola Sturgeon to Become First Woman to Lead Scotland's Government

Sturgeon expected to officially assume position of First Minister of Scotland later today (19 November).

Scotland vs England: A Litmus Test For Post-Independence Referendum Relations

Police preparing for trouble in Glasgow as Scotland and England meet for football match.

Nicola Sturgeon to Formally Take Over from Scotland's First Minister Alex Salmond at SNP Annual Conference

Salmond announced he would step down the day after Scots voted against independence.

Scottish Devolution: NIESR Claims West Lothian Question is Undemocratic

Dr Angus Armstrong told MPs that 'English votes for English laws' is not democratic.

Scottish Independence Will Happen in 20 Years Says SNP's Alex Salmond

Some 55% Scots voted against independence in the 18 September referendum this year.

Scottish Labour in Turmoil: If Jim Murphy is the Answer, it Must be a Very Silly Question

It's getting to the point where all SNP leader Nicola Sturgeon has to do is sit back and watch opponents implode.

Scotland's SNP Surges 29 Points Ahead of Labour's Ed Miliband Amid 2015 General Election Blow

Ipsos MORI says Labour would only win 23% of the Scottish vote at the 2015 General Election

Scottish Devolution: UK Will Vote As One With Regards to Staying in EU, Says David Cameron

The Scottish National Party had wanted the home nations to vote separately

Deputy First Minister Nicola Sturgeon Confirmed as Next Leader of SNP

Deputy SNP leader will replace Alex Salmond in November after running unopposed during nominations.

Scottish Devolution's Impact on Britain to be Debated in Parliament

Politicians promised Scots enhanced devolutionary powers in exchange for them voting against independence.

If Nicola Sturgeon Wins Power as Alex Salmond's Successor She Will Inherit a Golden Legacy

Sturgeon will reap the rewards if the SNP do well at next year's general election

Scottish Water Supports 5,000 New Construction Jobs with £3.5bn Investment

Nicola Sturgeon says the investment plan will not require 'inflation-busting charge increases'.

Nicola Sturgeon SNP Deputy Leader Launches Bid to Replace Alex Salmond as Scotland's First Minister

Deputy first minister and deputy SNP leader confirms intentions to replace outgoing Alex Salmond

Scottish Independence: Brown and Darling Plead for No Vote as Pro Unionists Lead in Polls

Scottish Independence: Anonymous £900,000 'No' Vote Gambler Predicted 'Unleashing of Gordon Brown'

William Hill wrote out cheque for £1,093,333.33 to anonymous finance worker after Scotland voted No.

Alex Salmond Resigns: Tributes Paid for 'Finest Politician of his Generation'

Alistair Darling and Nicola Sturgeon praise to First Minister following resignation announcement

Alex Salmond Resigns: Will SNP Deputy First Minister Nicola Sturgeon Replace Him?

Sturgeon would be a likely candidate for the first minister role.

Scottish Independence: George Galloway to Debate Referendum with SNP's Nicola Sturgeon on BBC

George Galloway claimed BBC vetoed his participation in Scottish Independence debate

Scottish Independence: SNP's Nicola Sturgeon Rules Out Tuition Fees in Scotland

SNP deputy leader says Westminster has imposed sky high tuition fees in the rest of the UK.

Scottish Independence Will Cost Taxpayers £450 Extra Annually for Pensions, says DWP

UK government says an independence would cost an extra £450 per working adult annually

Scottish Independence: Alistair Darling Slams SNP's Nicola Sturgeon Over Currency Union

Darling made the comments after suggestions that the UK would agree to a sterling union.

Scottish Independence: UK Government Highlights Advantages of Border Protection and Immigration Policy

Latest British government paper highlights benefits of union for Scotland's border security and immigration.

Scottish Independence: Alastair Darling, Nicola Sturgeon and Others to Debate Economic Impact

Danny Alexander, Nicola Sturgeon and John Swinney will also be questioned on independence

Scottish Secretary Alistair Carmichael warns Scotland would face job losses if the country exits the pound (Photo: Reuters)

Scottish Independence: Politicians Outline Conflicting Visions in Scotland's EU Membership Debate

Scottish Secretary Alistair Carmichael and SNP's Angus Robertson give separate speeches in Brussels and Dublin.

Scottish Independence: Economy will Decide Referendum, Says Alistair Darling

Former Labour chancellor says Better Together campaign must not be complacent.

Scottish Independence: Alistair Darling Slams Nationalists for Attack on CBI Chief

Leader of Better Together Alistair Darling criticises nationalists for attacking CBI Scotland chief Ian McMillan.

Scottish Independence: Nicola Sturgeon Pledges Jobs Boost for Women

Scotland's deputy first minister argues independent Scotland would help women find work and create jobs.

Nicola Sturgeon: Wealthy Scotland Can Afford Independence

Scotland's deputy first minister hits back after NIESR report warns independence means decade of austerity.