How to find the best pension drawdown provider

Thinking about a pension drawdown plan? MoneyHelper’s price comparison tool could be a good place to start – but there are plenty of other things to consider.

Couple look at pension drawdown options on laptop as they sit on sofa, holding financial documents.
It's important to compare options when it comes to choosing a pension drawdown provider.
(Image credit: Jacob Wackerhausen via Getty Images)

Choosing the wrong pension drawdown provider to access your pot could wipe thousands of pounds off your savings.

Drawdown is where you convert your pension savings to an account which allows you to draw a pension income directly from it – and the rest of the money stays invested to (hopefully) continue growing.

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Contributor

Holly Thomas is a freelance financial journalist covering personal finance and investments. 

She has written for a number of papers,  including The Times, The Sunday Times and the Daily Mail. 

Previously she worked as deputy personal finance editor at The Sunday Times, Money Editor at the Daily/Sunday Express and also at Financial Times Business.

She has won Investment Freelance Journalist of the Year at the Aegon Asset Management Media Awards in November 2021. 

With contributions from