Which Pension Drawdown Is Best?

The best pension drawdown provider is Vanguard, scoring a top five stars in our independent ratings. Aviva, Interactive Investor and Close Brothers Asset Management also score well, each receiving four stars.

What is best pension drawdown or annuity?

Pension drawdown is widely considered to be more flexible than an annuity, but it can carry greater risk. With pension drawdown you can move your money into one or more funds and adjust the amount and frequency of your withdrawals.

Are drawdown pensions a good idea?

However, income drawdown is really only suitable if you're happy to leave your pension fund invested in the stock market so that it has a reasonable chance of growing. This makes income drawdown a high risk choice because the stock market can go up or down. You could end up with far less income than you've planned for.