'How to' videos Contact us
Skip Header
Search
Log out
Menu
Close
Products

Products

Products Overview
ISA
Back
ISA
ISA overview About our ISA Account opening Opening a new account Re-registration & transfers Account dealing Investing for children Withdrawals & account closing
Pension
Back
Pension
Pension overview About our Pension Flexible Investment and Retirement Solutions Account opening Re-registration & transfers Account dealing Investing for children Withdrawals & account closing Technical resources Your pension phased drawdown service
Investment Account
Back
Investment Account
Investment Account overview About our Investment Account Account opening Re-registration & transfers Account dealing Withdrawals & account closing
Cash, Corporate & Trust and Bonds
Back
Cash, Corporate & Trust and Bonds
Cash Trust, Pension Trustee and Company Account Canada Life Intl. Bond Utmost offshore bonds
Overview of Products section
Investments

Investments

Investments Overview
Investment range
Back
Investment range
Investment range overview Our investment range Dealing times Share dealing service Charges
Sustainable investing
Back
Sustainable investing
Sustainable investing
Model portfolios & DFMs
Back
Model portfolios & DFMs
DFM service for advisory firms Model portfolio services for advisory firms Model portfolio service for DFMs List of available DFMs
Overview of Investments section
Client administration

Client administration

Client administration Overview
Client administration help
Back
Client administration help
Account opening Our bank details Flexible Investment and Retirement Solutions Re-registration & transfers Account dealing Withdrawals and account closing Amending client details Bereavement and planning ahead Fees and charges Information-only advisers Stock Transfer
Overview of Client administration section
Business support

Business support

Business support Overview
Business support help
Back
Business support help
Adviser fees service Client and Business reporting Doing business with Fidelity Adviser Solutions Moving clients between firms Compliance & regulation Upload & send Getting clients online Data to support your business needs
Overview of Business support section
Application forms

Application forms

Application forms Overview
Forms
Back
Forms
ISA Pension Investment Account Other accounts Client and account administration Business support
Overview of Application forms section
Important updates

Important updates

Important updates Overview
Important updates
Back
Important updates
What's new Flexible Investment and Retirement Solutions Important changes: FundsNetwork SIPP and Bond Products Company & Trust accounts move to main administration system Fund updates Side pockets Inflation warning for cash holdings Important information: Dealing issue notification
Overview of Important updates section

Pension withdrawals and account closing

Here you will find more information about how to take tax-free cash and drawdown for your clients from the FundsNetwork Pension (all of this can be set up and managed online).

We also cover UFPLS and other pension withdrawals here, such as Small Pots and early retirement through ill health or serious ill health.

Important notice about changes to the protected age for pension benefits

On 20 July 2021, the Government published a response to its consultation on how to implement the Normal Minimum Pension Age (NMPA) and the proposed protections framework, in which it announced plans to legislate in the Finance Bill to increase the NMPA from 55 to 57 on 6 April 2028. 

Paul Squirrell, our pension expert, gives a summary of responses to the consultation and draft legislation.

© FIL Limited 2025