Three things we learned this week

RPI-linked annuities will count towards flex drawdown MIR RPI-linked annuities will count towards the minimum income requirement (MIR) for flexible drawdown, the final Finance Act 2011 has confirmed. Flexible drawdown, available since April this year, allows investors to withdraw unlimited amounts from their pension fund provided they have an MIR of £20,000 per year. In the last draft of the Finance Bill before it became law, legislation banned RPI-linked annuities from the MIR on the grounds they could fall in value as well as increase. For more details click here T...