Leave DC pension untouched or do drawdown and don't draw?

Reluctantpensioner

A trick with lifestyle funds: you choose the "retirement age"; not your employer or investment manager. And you can change it. With lifestyling it is just a number that decides the investment strategy, not when you actually intend to retire.
So if you want a more active investment, just tell the pension manager what date you want.

The argument behind Lifestyle strategies became quite shaky after the 2015 pension reforms.
They were promoted a lot in the 90's when:
1) Bonds and Gilts gave decent returns and
2) Retirement was a "big bang", on hitting 65 you had to use the money to buy an annuity. It was crucial to invest your pension pot in something safe as a drop in the fund at 64 would hurt for the next 30 years. Drawdown changes the landscape.

If you have a SIPP with Fidelity they make no charges to drawdown.
A fidelity pension fund will have rules and charges that are specific to the pension scheme and even to the company. It could be anything. I have found: the longer ago you started the pension the worse your conditions are likely to be.