Axa Sun Life is going ahead with plans for an occupational pension drawdown plan despite industry criticism that the option is being less attractive than switching to personal pensions first. The plan demands a fund of at least £50,000. There is a 100 per cent allocation rate and a monthly policy fee of £2.55. For amounts of up to £250,000 there is an annual management charge of 1 per cent with 0.65 per cent a year above this. Commission of 3 per cent plus 0.5 per cent renewal is available.