drawdown from AVC

gtrimprov

I have about £12k in a Unit Trust Free Standing AVC Pension Plan with HSBC.
I am 70 years old & receiving occupational and state pensions exceeding the amount needed to entitle me to use pension drawdown, but HSBC inform me that they "do not offer the flexible income drawdown option".
I would like to take the money in my HSBC AVC via drawdown (flexible or other) or as a lump sum.
Any suggestions?
Could I insist on taking my money from HSBC by a single payment?
Could I transfer the AVC fund to another scheme that would allow drawdown?
By the way, I think I was mis-sold the AVC by Midland Bank / HSBC as I asked for a pension scheme that I could contribute to when I was not contributing to my occupational scheme(s).

kidmugsy

Consider transferring to a provider which will allow drawdown. (Hargreaves Lansdown do; no doubt many of their competitors do too.) So you'll need to check what sort of penalty HSBC would like to extract for a transfer. Perhaps a threat of a mis-selling case might influence them, though I couldn't guess in which direction.