Scot Eq revamps fee structure on its income drawdown plan

Scottish Equitable has relaunched its income drawdown plan, with a charging structure allowing advisers to bolt on commission as required. The Flexible Retirement Sipp, formerly known as Retirement Control, also provides access to Scottish Equitable's fund supermarket, which offers more than 800 funds from 40 fund groups, plus a full self-investment facility. With a menu-based payment structure, the Sipp has a base annual management charge of 0.5% with a 100% allocation rate, primarily designed for advisers operating on a fee basis. Commission-based advisers can design the shape of the c...