Three things we learned this week

HMRC urged to help ‘squeezed' drawdown pensioners The government should consider introducing a "cap and collar" agreement on the Government Actuary's Department (GAD) rates which are used in drawdown calculations, a provider says. Hornbuckle Mitchell said the move - which is an agreement not to go above or below certain interest rates - would introduce greater certainty to retirement income projections and limit fluctuations. The self-invested personal pension provider said GAD rates are at an all-time low because quantitative easing and Solvency II has pushed down gilt yields. T...