Drawdown

Providers have said a charge cap on income drawdown, as proposed by Labour leader Ed Miliband, is "unnecessary" and a "solution to a problem that does not even exist".

A drawdown charge cap should be placed on sales to provider's existing customers to ensure people are not sold inappropriate products after pensions freedom comes into effect, Which? has said.

Standard Life will scrap charges linked to its flexible drawdown product in readiness for pensions freedom from 6 April.

Drawdown decisions: Pensions freedom options for retired clients

Axa Life Invest has added a death benefit guarantee to its drawdown offering to protect the amount passed on to family or dependents if a client dies before age 75.

Adviser network Tenet is offering its members licences to self-approve drawdown advice in a bid to speed up its processes ahead of the incoming pension reforms.

Emergency stop: Why politicians should hit the brake on pension freedoms

A proposed change to the Pension Schemes Bill may lead to a future cap on charges in drawdown funds.

Under pressure: Will platforms struggle to cope with pension freedom?

Henry Tapper explains why Labour is right to threaten a cap on drawdown fees