For the time being it is not possible for clients of the Cavendish Online FundSupermarket Pension to go into drawdown or to take withdrawals (including the 25% tax free Pension Commencment Lump Sum) from their pension.
This is because FundsNetwork require all clients linked to an intermediary to have received advice from that intermediary confirming that such actions are suitable for the client.
As we can't provide that advice, typically our clients will keep their pension with us to take advantage our our low charges while they are contributing to or maintaining their pension. At the time that they want to start making withdrawals from the pension (including the 25% tax free Pension Commencment Lump Sum) they will then transfer their pension away to another provider.
We hope to be able to provide our clients with access to drawdown at some point in the future but as yet there is no indication of when that may be.