Intelligent Pensions launches low-cost drawdown plan

The company said the plan was an extension of its Pathways service and would allow defined contribution (DC) pension savers to transition into flexi-access drawdown with ongoing advice. It added many pension schemes were not planning to offer such an option meaning scheme members would have to transfer out to take advantage of the new flexibilities. The new Intelligent Pensions drawdown plan carries an annual charge of 0.75% matching the new charge cap coming into effect in April for default funds on auto-enrolment schemes. The 0.75% charge includes all the administration costs ...