Compare UK Pension Drawdown Providers

Every provider we track, with its published platform charging structure and a side-by-side cost comparison against the rest of the market. Pick a provider to see what it would cost on your pot size.

All 21 providers

Provider Platform charging structure Detail
Aegon ARC SIPP: 0.60% to £30k, 0.55% to £50k, 0.50% to £100k, 0.45% to £250k, 0% above £250k, plus £75/year drawdown fee Review
AJ Bell Youinvest 0.25% on first £250k, 0.10% on next £250k, 0% over £500k Review
Aviva 0.35% a year on the first £500,000, with no charge above £500,000 (drawdown included) Review
Bestinvest 0.40% up to £250k, 0.20% £250k–£500k, 0.10% £500k–£1m, 0% over £1m Review
Charles Stanley Direct 0.30% flat platform charge (minimum £60, capped at £600 a year) Review
Fidelity Personal Investing 0.35% up to £250k, 0.20% over £250k Review
Hargreaves Lansdown 0.35% first £250k, 0.25% £250k–£1m, 0.10% £1m–£2m, 0% over £2m Review
IG £210 flat annual fee Review
Interactive Investor Tiered flat monthly fee: Core £5.99/mo, Plus £14.99/mo, Premium £39.99/mo Review
J.P. Morgan Personal Investing (formerly Nutmeg) Fully Managed: 0.75% on the first £100k then 0.35% above (Fixed Allocation: 0.45% then 0.25%) Review
Legal & General 0.25% service charge a year (plus fund charges); direct drawdown uses investment pathway funds Review
Nucleus (formerly James Hay) Nucleus platform: 0.27% to £500k, 0.175% £500k-£1m, 0.05% over £1m, plus £186 + VAT income drawdown charge Review
PensionBee 0.50%–0.95% (fees halved for pots over £100k) Review
Prudential 0.40%–0.70% annual management charge (tiered) Review
Quilter 0.35% first £50k, 0.25% £50k–£250k, 0.20% £250k–£750k, 0.15% over £750k Review
Royal London 0.35% annual management charge Review
Scottish Widows 0.25% a year, capped at £16.50/month (£198/year) - Share Dealing SIPP Review
St James's Place Ongoing: 0.80% advice + 0.35% product (tiered to 0.25%) + fund 0.09-0.69%; initial advice 3%/2%/1% (from Aug 2025) Review
Standard Life Tiered: £524 (<£100k), £328 (£100k–£250k), £197 (£250k–£500k), £0 (£500k+) plus £158 drawdown fee Review
True Potential 0.40% platform fee plus 0.50% ongoing advice (Central Advice Service) Review
Vanguard 0.15% flat fee (capped at £375 annually) Review

What these figures do and do not include

The charging structures above are the platform or product charge each provider publishes. They are only part of what you pay. Fund charges apply on top and vary with what you hold — typically 0.10% to 0.50% a year for trackers, and more for actively managed funds. Some providers also apply dealing charges, drawdown set-up fees or annual drawdown administration fees, which are set out on the individual comparison pages.

Because the structures differ — percentage tiers, flat monthly fees, capped percentages — the cheapest provider changes with pot size. A flat fee that looks expensive on a £50,000 pot can be the cheapest option on a £500,000 one. That is why each comparison page takes a pot size rather than publishing a single ranking.

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