Who is the best drawdown pension provider?

02 November 2021

Question by Simon

Who is the best drawdown pension provider?

Answered by Boring Money

Hi Simon,

There is no "best" provider unfortunately. There are a few important things to consider:

  1. Cost - This is the most important. Unfortunately I can't say which one is the cheapest as it depends on how much money you have in your pension.

  2. Funds available - You might find a very cheap provider but they may have only a limited range of funds (normally the pension providers funds). This can limit the potential investment growth you can get which may mean the your pension funds do not last long enough.

  3. Customer Service - You want to make sure that when you are withdrawing money that it is quick and pain free.

Sorry I can't be of more help but the answer to this question will depend on you, how much you have got and what you would like to invest in.

Luke James

Independent Financial Adviser

Answered by

Boring Money