Prudential pension drawdown hub: published fees, investment options and features. Updated for 2026. Guidance, not advice.
Estimated yearly cost at £250,000: £375 a year (monthly income, no share deals; Platform fee only — fund charges extra).
Position on cost: Not in our DIY ranking: you need an adviser, so it is compared on advised drawdown. Compare advised drawdown platforms
+ charges not published: regular income payments. The yearly cost leaves these out, so the real figure may be higher.
Limited published information. Prudential publishes little detail on its drawdown charges.
| Drawdown admin fee | None Included in the yearly cost above |
|---|---|
| Regular income payments | Not confirmed |
| One-off (ad-hoc) withdrawal | Not confirmed |
| UFPLS payment | Not confirmed |
| Transfer out (exit fee) | Not confirmed |
| Minimum pot | Not confirmed |
| Cash in the pension | Not confirmed |
Fees checked 23 Sept 2026. “Not confirmed” means the charge is not published or we have not verified it; it is never counted as free.
Sources: Prudential Retirement Account · Key Features (PDF)
Capital at risk. Comparison information only, not advice. Confirm charges on the provider’s own pages before you act.
You need a financial adviser to use Prudential for drawdown. Its real cost includes the adviser’s fee, so we compare it with other advised drawdown platforms rather than in our DIY ranking.
Platform fees: Product charge set by total account value and applied to the whole account: 0.30% under £100k, 0.20% £100k–£250k, 0.15% £250k–£750k, 0.125% £750k–£1m, 0.10% £1m and over (plus fund charges, e.g. PruFund ~0.65%)
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.
Eligible claims may be covered by the Financial Services Compensation Scheme (FSCS). If a SIPP operator or investment firm fails, the limit is £85,000 per person per firm; a pension provided by an insurer is normally covered in full. FSCS pension protection
Source: Prudential Retirement Account Key Features (June 2026), checked 24 Sept 2026.
No new verified updates this month. We only list items we can cite from an official RNS, company newsroom or official blog.
7 May 2026
M&G plc, parent of Prudential UK, said open-business net inflows were £0.6 billion in the first quarter of 2026 (Q1 2025: an outflow of £0.1 billion) and assets under management and administration were £371 billion at 31 March 2026.
12 Mar 2026
M&G’s full-year 2025 results reported assets under management and administration of £375.9 billion, net flows from open business of £7.8 billion, and said it had brought PruFund back into net inflows.
Last verified: 8 Sept 2026.
Also compare: Vanguard, Interactive Investor, AJ Bell Youinvest, Hargreaves Lansdown, Fidelity Personal Investing, and all UK providers we track.
Free, impartial guidance: Pension Wise offers free appointments to people aged 50 or over with a defined contribution pension, and MoneyHelper’s investment pathways comparison tool compares drawdown providers’ ready-made options. Both are backed by the government.