A side-by-side comparison of what Standard Life and Aviva charge for pension drawdown, and what you get for it. On published charges alone, Aviva works out cheaper at all three pot sizes modelled below.
| Provider | Published fee structure |
|---|---|
| Standard Life | Tiered: £524 (<£100k), £328 (£100k–£250k), £197 (£250k–£500k), £0 (£500k+) plus £158 drawdown fee |
| Aviva | 0.35% a year on the first £500,000, with no charge above £500,000 (drawdown included) |
| Pot size | Standard Life | Aviva | Cheaper |
|---|---|---|---|
| £100,000 pot | £450 | £350 | Aviva is cheaper |
| £250,000 pot | £1,125 | £875 | Aviva is cheaper |
| £500,000 pot | £2,250 | £1,750 | Aviva 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.