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Pension Drawdown Services

At Simply Retirement we offer two levels of service for Pension Drawdown. We can provide you with a Full Advice Service offering a personal recommendation. We will need to understand your personal and financial circumstances and discuss your objectives and priorities so that we can provide you with advice about a suitable retirement solution, researching the whole market. As you would expect this service comes at a greater cost.

The alternative service provides consumers access to Pension Drawdown and is designed for those people who understand and know what they want. We are able to offer this at a very cheap cost. Having compared the whole market we have identified several Pension Drawdown providers and offer a select panel to choose from. This is a Non-Advised service where you are provided information to make your own choice.

To help you consider your solution for taking your retirement income, and if Pension Drawdown is right for you our flowchart / decision tree might be helpful (please click to enlarge):

To help you decide if you need advice about Pension Drawdown we have a comparison of the two levels of service, including the costs (please click to enlarge):

We can provide you with a tailored and bespoke report about your retirement options to help you decide. This is a free of charge service and leaves you under no obligation.

    Pension Drawdown

    Complete this form to get a personalised pension drawdown quote


    Why take Drawdown advice?

    The Financial Conduct Authority (FCA) produced a report called the Retirement Outcomes Review (MS16/1.3) in June 2018 which commented on how benefits were being taken since the Pension Freedom and Choice legislation was introduced in April 2015.

    Final Salary Pension Schemes

    This will effect you if you have a deferred Final Salary Pension plan or Defined Benefit Pension. If you are a deferred member, i.e., you have left your employer but the pension is not due for payment until your normal retirement date (65?), your right to a Cash Equivalent Transfer Value (CETV) may be affected.

    Budget 2014 – The key changes for annuities

    Using a Fixed Term Annuity or Drawdown will allow you to access 25% of your fund as a tax free lump sum and leaves the remainder of your benefits to be accessed under the further changes proposed from 2015. Therefore, in the interim, this leaves the door open for your options.