Pension drawdown glossary
An online service that holds your investments, including a SIPP, and lets you buy, sell and manage them in one place. The platform charges its own fee, separate from the charges of the funds you hold.
Source: MoneyHelper: pensions glossary · Last reviewed 24 September 2026
See every term in the A–Z glossary. Definitions are general information for the 2026/27 tax year, not personal advice.
Important: The value of investments can fall as well as rise. You may get back less than you invest. Tax rules can change and benefits depend on individual circumstances. This is not financial advice.