Legal & General Pension Drawdown

Compare Legal & General pension drawdown fees, investment options and features against all 21 UK providers. Updated for 2026.

Fee structure

Platform fees: 0.25% service charge a year (plus fund charges); direct drawdown uses investment pathway funds

Fund charges (Ongoing Charges Figure) apply on top of platform fees and depend on your chosen investments. Use our calculator above to see the total annual cost for your specific pot size.

Latest Legal & General news & updates

7 May 2026

L&G wins a £300m-plus university investment mandate

Legal & General was appointed to manage reserves, endowment and pension assets for Queen's University Belfast, a mandate worth more than £300m, extending its institutional growth.

5 Mar 2026

L&G reports 2025 results and a £1.2bn share buyback

Legal & General posted higher core operating profit for 2025 and announced its largest-ever share buyback, guiding to continued earnings growth.

18 Dec 2025

L&G's Flow solution passes £1bn in scheme liabilities

Legal & General's Flow pension risk-transfer solution surpassed £1bn in scheme liabilities, reflecting strong demand in the bulk annuity market.

Last updated 7 May 2026.

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