Drawdown has been one of the big drivers of the recent growth within the self-invested personal pensions (SIPPs) market. Demographics suggest this is likely to continue, with the wave of baby boomers reaching retirement age set to continue surging for several years to come.

The decision to start taking benefits from a pension fund will naturally come at the point when clients accumulate the greatest net worth. Once clients stop working or move to part-time work, their capacity to recover from losses falls significantly, as does their tolerance of service failures and product constraints. This makes due diligence when selecting the most suitable provider partners crucial for advisers who want to maintain long-term client relationships.

Our free guide to drawdown lists the most pertinent considerations and questions advisers should bear in mind when assessing a SIPP provider to work with, including:

• Financial strength of the provider(s)
• Availability of illustrations
• Provider administration procedures