Vanguard Personal Pension is now open to investors who wish to take payments from their pension.
The firm has rolled out a drawdown provision for retirement investors in its Sipp, which was introduced to the market earlier this year.
Vanguard added that investors who want to enter drawdown will not incur in any extra charges.
Sizeable impact
Sean Hagerty, head of Vanguard, Europe, said: “An individual’s savings often represent a lifetime’s effort, yet too many retirees continue to lose out on their own hard work to high fees and charges. Fees can have a sizeable impact on investment returns, and consequently on quality of life in retirement.
“Particularly in a time when economic conditions might be difficult, investors are best served by focusing on what they can control. Nobody can control the markets, but they can control what they pay to invest.
“At Vanguard, we aim to make this as easy as possible, through a service that is convenient, effective, and competitively priced.”
