Sipp provider Barnett Waddingham has confirmed that it will offer the full range of pension income options ahead of the reforms taking effect in April.
The firm said that 
from April 6, its Flexible Sipp will offer the new pension benefit options, flexi-access drawdown and uncrystallised fund pension lump sum, as well as further designations to existing capped drawdowns and conversion of capped drawdown to flexi-access drawdown.
The company said it had made a number of improvements, which would also be rolled out.

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It listed these as:
• Immediate payment of ad hoc income and UFPLS
• A reduced fee for ad hoc income payments
• A second payment date per month for regular payroll income

Julia Bassett, chief executive officer of Barnett Waddingham Flexible Sipp, said: "We have decided to offer the full range of options. In practice it is very difficult to tell the difference between UFPLS and FAD where you take all the remaining fund as income at once, although I'm not convinced everyone will realise that.
"We have priced the options in a neutral way so everyone can focus on financial planning and not be distracted by fees. The additional improvements will give Sipp members more flexible access to their pensions – exactly what freedom and choice in pensions is all about".
Barnett Waddingham has been in the self-administered scheme and self-invested pension markets since its inception in 1989 when it provided SSASs and launched its Sipp in 1999.
It administers over 2,400 SSASs with over £4.1bn of assets under administration and over 3,000 Sipps representing over £1.2bn of AUA, including over 1,000 properties.
The Barnett Waddingham Sipp is aimed at high net worth clients of financial advisers.