HMRC urged to lift 2% gilt floor to ease drawdown pressure

Jenna Towler
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The 2% floor in gilt rates, set by HM Revenue & Customs in 2011, should be lifted to 3% or 4% to ease financial pressure on pensioners in drawdown, a provider has said.

Rowanmoor Pensions said many pensioners are facing huge drops in retirement incomes from next month, as gilt levels fall to their lowest possible level of 2%. The firm explained falling gilt yie...

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