REGULAR DRAWDOWN PLAN
|Create a Regular Income for Your Clients
The Regular Drawdown Plan (RDP) allows clients
to withdraw capital from their funds in a defined regular interval.
Adviser can customise a withdrawal plan to meet a client's needs for
regular income, payments for insurance premium etc. This facility is
only available on the wrap account.
How it works?
Firstly, the client is required to make a lump sum investment into the
approved list of funds for the regular withdrawal plan. Next, the
client can select the fund to be redeemed, amount and frequency of
A fixed amount will be withdrawn at regular
intervals. Withdrawals can be made on a monthly, quarterly,
semi-annual, or annual schedule. The monies will be credited directly
to client's bank account, free of charge.