Pension drawdown glossary
A form of help, allowed by the FCA from 6 April 2026, where authorised firms such as pension providers can suggest options designed for groups of customers with similar circumstances. It sits between general guidance and personal advice.
Source: FCA PS25/22: rules for targeted support · 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.