Pension Drawdown and Investment Pathways
Discussion
I'm ready to go into drawdown and take my 25% tax free at 58.
The pension I'm going to access is with Aviva (now in fairly low risk investments) leaving my more aggressive Zurich to grow over the next 5-10 years.
There are lots of investment pathway options available as drawdown accounts which are obviously designed for those who do not want to pick the investments themselves going forward.
Aviva's Investment Pathway 3 comes up in a lot of reviews for it's low fees & charges but is only around 28% equities. Vanguard offer a similar product with the lowest equity holding at around 50%.
The question I have is, as these are all quite new, are they a sensible approach for income drawdown? I've been very happy with both the service and return I've had with Aviva so unless there seems a good reason to move to another drawdown provider I'm thinking of staying with their pathway product.
Be interested in any and all views before I make the decision.
Thanks, Gary.
The pension I'm going to access is with Aviva (now in fairly low risk investments) leaving my more aggressive Zurich to grow over the next 5-10 years.
There are lots of investment pathway options available as drawdown accounts which are obviously designed for those who do not want to pick the investments themselves going forward.
Aviva's Investment Pathway 3 comes up in a lot of reviews for it's low fees & charges but is only around 28% equities. Vanguard offer a similar product with the lowest equity holding at around 50%.
The question I have is, as these are all quite new, are they a sensible approach for income drawdown? I've been very happy with both the service and return I've had with Aviva so unless there seems a good reason to move to another drawdown provider I'm thinking of staying with their pathway product.
Be interested in any and all views before I make the decision.
Thanks, Gary.
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