A side-by-side comparison of what Aviva and Legal & General charge for pension drawdown, and what you get for it. On published charges alone, Legal & General works out cheaper at all three pot sizes modelled below.
| Provider | Published fee structure |
|---|---|
| Aviva | 0.35% a year on the first £500,000, with no charge above £500,000 (drawdown included) |
| Legal & General | 0.25% service charge a year (plus fund charges); direct drawdown uses investment pathway funds |
| Pot size | Aviva | Legal & General | Cheaper |
|---|---|---|---|
| £100,000 pot | £350 | £250 | Legal & General is cheaper |
| £250,000 pot | £875 | £625 | Legal & General is cheaper |
| £500,000 pot | £1,750 | £1,250 | Legal & General is cheaper |
Platform and product charges only. Fund charges depend on what you actually invest in and are excluded, because they vary by fund rather than by provider. Enter your own pot size in the calculator on this page for a figure matched to your circumstances.