Do I need an IFA for an Income Drawdown

SeniorSam

I think you will find that RL still pay fees to your IFA as he introduced the business and is registered with them. Best of luck.

SonOf

SeniorSam wrote: »

I think you will find that RL still pay fees to your IFA as he introduced the business and is registered with them. Best of luck.

Not post RDR. If the policyholder has a post RDR arranged plan, then the ongoing fee is explicit and can be stopped at any time.

If its a pre-RDR sale then RL will stop paying the adviser upon request but may retain the commission for themselves and not lower the charges depending on what version it is.

bostonerimus

Drawdown isn't rocket science. With a good budget, sensible asset allocation and control of withdrawals to balance your needs with the size and returns of your pension pot you should be ok. Whether you have things set up with an IFA in the loop depends on you and the platform you are using.