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

Jenna Towler
clock

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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Government’s DB surplus release plans, PPF levy announcements, Standard Life CEO retires

Professional Pensions
clock 31 January 2025 • 1 min read
Professional Pensions Live 2025: Registration open

Professional Pensions Live 2025: Registration open

Our flagship event is returning this year on 21 May at Convene, 155 Bishopsgate in London

Professional Pensions
clock 31 January 2025 • 1 min read
News Digest: The little-known tweak to gold-plated pensions costing retirees £50k

News Digest: The little-known tweak to gold-plated pensions costing retirees £50k

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 31 January 2025 • 1 min read
Trustpilot