Drawdown pension questions?
Drawdown pension questions?
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tight fart

Original Poster:

3,594 posts

303 months

Friday 17th November 2017
quotequote all
Had a visit from the man from the Pru who tells me I have the option now of going to a drawdown.
To be honest I'd never heard of this and now need to do some homework.
I'm happy understanding what they are and work etc, but no nothing about companies to look at.
All Google does is bring up companies fishing for my data.
Any recommendations on where to look to compare products?
(I know past performance etc etc)

PurpleMoonlight

22,362 posts

187 months

Friday 17th November 2017
quotequote all
Seek independent financial advice.

tight fart

Original Poster:

3,594 posts

303 months

Friday 17th November 2017
quotequote all
Thanks, I was trying to have some knowledge of the better performing funds before I did.

ianrb

1,643 posts

170 months

Friday 17th November 2017
quotequote all
Hargreaves Lansdown have some guides on their site, which I think you can download without creating an account.

Monkeylegend

29,309 posts

261 months

Friday 17th November 2017
quotequote all
My pension is in a PruFund flexible drawdown plan. Transferred my funds there 20 months ago and it has achieved just over 15% growth in that time as of last week. I am quite risk adverse so have a cautious investment approach which this fund suits very well with a wide spread of investments.

They also even out any variations in growth only adjusting rates every 3 months which gives a much greater level of stability then other similar funds.

They are very flexible in terms of monthly drawdown payments, you can change/adjust every month if you want to.

I have been very impressed with them so far and would recommend without hesitation.