Vanguard 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: Ranks 5 of 18 fully priced platforms on cost at £250,000. Vanguard against every DIY platform
| Drawdown admin fee | None Included in the yearly cost above |
|---|---|
| Regular income payments | Free |
| One-off (ad-hoc) withdrawal | Free |
| UFPLS payment | Free |
| Transfer out (exit fee) | Free |
| Minimum pot | Not confirmed |
| Cash in the pension | 1.85% a year on pension cash (managed rate); Vanguard keeps any interest earned above that. |
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: Fees and charges · Minimum account fee · UFPLS · Interest on cash · Minimum transfer
Capital at risk. Comparison information only, not advice. Confirm charges on the provider’s own pages before you act.
Platform fees: 0.15% flat fee (capped at £375 annually; minimum £48 a year, £4 a month, below £32,000)
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: FCA warning about clones of Vanguard Asset Management (lists the genuine firm's details), checked 23 Sept 2026.
No new verified updates this month. We only list items we can cite from an official RNS, company newsroom or official blog.
27 Jan 2026
Vanguard said the ongoing charges figure on its LifeStrategy funds was reduced with effect from 27 January 2026, and it launched a LifeStrategy Global range without the traditional UK home bias. A later reduction in UK equity and bond exposure on the original range took place from March through June 2026.
Last verified: 8 Sept 2026.
Also compare: Interactive Investor, AJ Bell Youinvest, Hargreaves Lansdown, Fidelity Personal Investing, Bestinvest, 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.