Gaudi has launched a white-labelled pension drawdown product for advisers.
The self-invested personal pension (SIPP) provider, which manages 24,000 plans, said its new drawdown package could be marketed by any financial brand.
It is available either as part of Gaudi’s white-labelled SIPP or as a “plug in” to other pension providers, whether they market their products business to consumer, intermediated or in the workplace.
Gaudi said the product had all pension drawdown options including taking all the tax-free cash and no income and allowing ad hoc or regular withdrawals from tax-free or taxable funds.
Planning tools are available through smart devices branded to Gaudi’s business partner brand, it added.
Gaudi managing director Patrick Vaughan said the launch of a drawdown option was a natural progression for the business.
“Today’s customers expect straight-through processing achieved through mobile devices not just for their banking but all their finances – including their pensions. Gaudi provides a combination of flexibility, service and competitive price for a white labelled pension drawdown that delivers real value for money,” he said.
Gaudi head of technical and compliance Robert Graves added: “Pension drawdown is the foremost tool in tax-efficient retirement planning, but it can represent a risk for the unwary or inexperienced of getting it wrong.
“This is where Gaudi’s technically accurate and compliance assured technology comes into its own by producing outputs that are fully fit for purpose and in accordance with the complex rules.”