Hargreaves Lansdown has unveiled its low-cost drawdown plan ahead of 6 April which has no set-up fees or income withdrawal charges.
It said the plan would offer online and telephone-based support with the option of full regulated advice if required. The firm said demand had been strong with 175,000 requests for information already received. Head of pensions research Tom McPhail said: “We have made this new drawdown accessible by stripping out any upfront charges and developing a suite of information and planning tools to help investors make the most of their retirement savings. “This is what the government’s pension freedom revolution is all about; giving investors the tools and information to take control of and ...
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