Best (and worst?) SIPP providers for flexible drawdown?

maximumgardener

EdSwippet wrote: »

The time for me to crystallise my full DC pension and duck under the LTA is fast approaching. Before I do, I need to investigate which SIPP providers offer user-friendly and cost-effective flexible drawdown, and then coalesce my three pensions into one before crystallising the lot.

So... I'm looking for any first-hand "reviews" of how flexible drawdown operates on the main SIPP platforms widely discussed here. Most SIPP providers seem oddly cagey, if not downright opaque, about exactly how they manage flexible drawdown on their platforms, so feedback that will help steer me towards -- or perhaps away from -- a provider would be very useful

For background, I don't expect to actually draw on the pension for a year or three after crystallising. For now this is purely to defuse LTA issues, so actual withdrawal efficiency (monthly payments and so on) is less important than avoiding erosion by fees. I hold passive tracker funds, meaning platforms like HL that charge egregiously for funds would be less
attractive than others, though at the extreme a move to ETFs is not out of the question.

Any recommendations for candidates? Or anti-recommendations? Particular issues or traps I should watch out for before diving headlong into a possible rest-of-life relationship with a single SIPP provider? Thanks.

so ....you pays your money and takes your choice!!
you should easily be able to set up multiple suitable accounts and keep tax free cash invested in separate account plus separate pension accounts (crystallised & uncrystallised) plus s&S ISA's for you plus spouse (if you have a Mrs Ed).

When you transfer .....dont think you can just transfer and not be out of the market for the sell/buy period but hey...roll with that one. should be max 2 weeks & poss 1 week that you are in cash plus you could phase it.

get yourself some good advice from IFA . it should prove to be worth it with a sum approaching LTA. then again you may wish to DIY :beer:
obvious important here is what you invest in and how you draw funds with time etc etc