New pension drawdown products

A question about : New pension drawdown products

Here they come! Hargreaves Lansdown have released details of their new pension product to take advantage of the new pension rules to take effect from 5th April 2015

https://www.hl.co.uk/pensions/income-drawdown/new

Best answers:

• I commented on this earlier in this post
  https://forums.moneysavingexpert.com/...7&postcount=28
• Well I think it deserves its own thread
• Steve Webb suggested that we could see a decade of innovation in terms of new retirement products.
  What we are more likely to see first though is a year of spin.
• It's all very well bemoaning "spin" but their charges look good to me, save for their 0.45%p.a. running charge. So it probably remains a decent choice for someone with only a modest sum. Such as me.
  Mind you, I'm always keen to hear about somebody cheaper. Any suggestions?
• Looks like an interesting development.
  One aspect I am still a little unclear on - do these changes apply to existing drawdown pensioners or will they continue with the current GAD restrictions and Ј90 annual fees?
  Can any well informed experts clarify - thanks.