Platforms with SIPP drawdown done 100% online

coyrls

coyrls said:

Notepad_Phil said:

coyrls said:

mat1964 said:

I've done everything with II online. No paper forms or phone calls required- everything worked fine.

Really?  You can fill in the form online but then you need to print it, sign in, scan it and then send it back (online).  I tried without a "wet" signature and they didn't accept it.

I'm with ii and my UFPLS request used to be like that, but when I did one last month everything had changed and I was able to do the complete request from one online session and 5 working days later the money was in my bank account.

Ok, must be a recent change, a signature was still required for a non-UFPLS withdrawal in March this year.

Just checked and yes, the interface is totally different from what is was when I did my previous withdrawals (the latest being March this year).

Albermarle

There seems to be some contradictory info about II procedures.
According to this thread ( last post) taking the 25% PCLS resulted in significant amount of communication.

Accessing your pension for the first time? Pension Wise guidance is now a requirement - Page 3 — MoneySavingExpert Forum

mat1964

Albermarle said:

There seems to be some contradictory info about II procedures.
According to this thread ( last post) taking the 25% PCLS resulted in significant amount of communication.

Accessing your pension for the first time? Pension Wise guidance is now a requirement - Page 3 — MoneySavingExpert Forum

It's just a series of on-line questions.  I did this recently with II for a PCLS.  Forms took less than 10 minutes to complete and funds were sent in 5 working days.

coyrls

Albermarle said:

There seems to be some contradictory info about II procedures.
According to this thread ( last post) taking the 25% PCLS resulted in significant amount of communication.

Accessing your pension for the first time? Pension Wise guidance is now a requirement - Page 3 — MoneySavingExpert Forum

Not really a contradiction.  The question was whether the process could be done completely online and following recent changes it can be done completely online.  The other thread was complaining about the questions that must be answered.  II have implemented the requirement to explicitly offer access to the Pension Wise service. You just need to say that you are happy to proceed without consulting Pension Wise.  I guess it's a question of how flummoxed you are with the questions.  It's quite easy to breeze through them.  As the process was different the last time I did it, I checked it out to see the changes.

MallyGirl

mat1964 said:

It's just a series of on-line questions.  I did this recently with II for a PCLS.  Forms took less than 10 minutes to complete and funds were sent in 5 working days.

Same here - funds arrived on working day 6 from the initial request. All done online.