Standard Life removes drawdown charges

The one-off set up charge of £208 and one-off early depletion charge of £312 will be removed, it said. The company said the changes reflected the removal of the minimum income requirement. Standard Life head of adviser platform propositions David Tiller said: "We've worked incredibly hard to make sure we can deal with additional demand to access drawdown. "From the feedback we've received we know that it's the fundamentals that matter; such as the reliability of income payments, the speed at which we can pay withdrawals on the day the client chooses and the quality of reporting to...