Flexible Drawdown Plan

What is the Flexible Drawdown Plan?

The Flexible Drawdown Plan (‘FDP’) is a stand-alone flexi-access drawdown plan that allows your clients to invest their pension savings after they have been crystallised, and gives them unlimited access so they can make withdrawals as and when they need to.

  • Low minimum initial investment of £10,000
  • Minimum transfer £5,000
  • No set-up fee or additional charges for withdrawals
  • No minimum withdrawal amounts or minimum fund value to consider
  • Approximately 150 investment funds from a wide choice of fund managers
  • The option to invest in up to 10 investment funds per investment with no charges for switching
  • Access to the Canada Life Portfolio Funds
  • Initial, on-going and ad hoc adviser fees can be facilitated
  • In the event of your client’s death, benefits can be paid out either as a lump sum or used to set up a beneficiary drawdown arrangement
  • Efficient business administration teams backed by “The Canada Life Service Charter”

The value of the plan can go down as well as up and the client may not get back the full amount they invested.

The Flexible Drawdown Plan may be suitable for your client(s) if:

  • They are aged 55 or above
  • They have pension savings they want to crystallise equal to at least £10,000 after deduction of any tax-free cash
  • They want to invest to generate capital growth, an income stream or a combination of the two
  • They understand that performance of the plan is linked to the funds chosen

The Flexible Drawdown Plan will not be appropriate if:

  • Your client has less than £10,000 to invest after they have taken their tax-free cash
  • Your client needs to generate a guaranteed lifetime income from their pension savings
  • Your client is looking for a guaranteed lifetime income

Interested in More? Why not Look At...

Lifetime Annuities & Scheme Pension

For clients who want to take their pension as a guaranteed long-term income.


Fixed Term Income Plan

A drawdown product that can provide your clients with guaranteed income and growth.


This website is for UK professional advisers only and is not approved for use by private customers.

Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.