Preparing for Decumulation Phase (Retirement)

cloud_dog

Hi all.... I am in the process of preparing for our early retirement phase, which will last c. 6 years before DB schemes kick in.  At the moment I am thinking that I will take the main DB scheme at my NRA (65); although this is subject of further review/investigation.

My main question is around how providers manage crystallised and uncrystallised portions / pots / accounts when you commence drawdown.

I have three providers in mind (Fidelity, II, AJB), and my thoughts are that we will end up with two of the providers (an account/provider for each person).  I have been able to identify how Fidelity and II manage uncrystallised and remaining crystallised monies in the account, but have failed to find the answer for AJB.

Anyone with knowledge of how AJB function with crystallised/uncrystallised pension money, e.g. separate accounts, virtual accounts etc? 

Marcon

cloud_dog said:

Hi all.... I am in the process of preparing for our early retirement phase, which will last c. 6 years before DB schemes kick in.  At the moment I am thinking that I will take the main DB scheme at my NRA (65); although this is subject of further review/investigation.

My main question is around how providers manage crystallised and uncrystallised portions / pots / accounts when you commence drawdown.

I have three providers in mind (Fidelity, II, AJB), and my thoughts are that we will end up with two of the providers (an account/provider for each person).  I have been able to identify how Fidelity and II manage uncrystallised and remaining crystallised monies in the account, but have failed to find the answer for AJB.

Anyone with knowledge of how AJB function with crystallised/uncrystallised pension money, e.g. separate accounts, virtual accounts etc? 

Hopefully someone here will be able to answer your question, but you might think about asking AJB themselves. If that information is available on their website, it should be capable of 'being found' and they should be able to give you the link immediately - and if it isn't, perhaps they should add it?

FIREDreamer

cloud_dog said:

Hi all.... I am in the process of preparing for our early retirement phase, which will last c. 6 years before DB schemes kick in.  At the moment I am thinking that I will take the main DB scheme at my NRA (65); although this is subject of further review/investigation.

My main question is around how providers manage crystallised and uncrystallised portions / pots / accounts when you commence drawdown.

I have three providers in mind (Fidelity, II, AJB), and my thoughts are that we will end up with two of the providers (an account/provider for each person).  I have been able to identify how Fidelity and II manage uncrystallised and remaining crystallised monies in the account, but have failed to find the answer for AJB.

Anyone with knowledge of how AJB function with crystallised/uncrystallised pension money, e.g. separate accounts, virtual accounts etc? 

AJBell One account with a behind the scenes Crystallised / Uncrystallised split.

I use Hargreaves Lansdown who have separate SIPP (Uncrystallised) and SIPP Drawdown (Crystallised) which I prefer and they can be invested differently more easily.

Mutton_Geoff

https://www.ajbell.co.uk/faq/do-i-have-move-all-my-funds-drawdown-same-time

https://www.ajbell.co.uk/faq/how-can-i-move-my-sipp-income-drawdown

I have a SIPP with Interactive Investor and the main SIPP balance just showed a total figure. If I drilled down to another page it showed crystallised and uncrystallised balances available.