Choosing a drawdown provider: Your due diligence checklist

Choosing a drawdown provider: Your due diligence checklist

clock

There are a number of areas to look at that will help you determine which providers will fit all your clients' needs. Claire Trott, head of technical support at Talbot and Muir, explains

The third thematic review of SIPP operators is well underway and we await publication of the findings to see how the Financial Conduct Authority views providers in comparison to the Financial Services Authority's previous view. There is unlikely to be a definitive answer and, although there will be fallout and some providers may no longer want to or be able to operate in this space, there will still be significant choice. One provider is unlikely to suit all your clients' needs and, therefore, a panelling process is a good way to ensure you have the choice without needing to look at e...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Revised transfer regs widely backed but industry calls for 'clear and practical' guidance

Revised transfer regs widely backed but industry calls for 'clear and practical' guidance

DWP makes key changes to traffic-light transfer conditions

Jonathan Stapleton
clock 10 June 2026 • 7 min read
DWP consults on new red flag to address emerging SSAS transfer concerns

DWP consults on new red flag to address emerging SSAS transfer concerns

Minister says SSASs may be more vulnerable to the potential for fraudulent misuse

Jonathan Stapleton
clock 09 June 2026 • 3 min read
Why pension transfers remain stuck in the slow lane

Why pension transfers remain stuck in the slow lane

'Some providers complete transfers in as little as five days on average, others take up to 90'

Lisa Picardo
clock 08 June 2026 • 5 min read