Industry reacts to ‘postponement’ of UK retirement adequacy review

It had been hoped the review would set a clear timetable for scaling up contributions

The product is still very tax efficient

75% of consumers, aged over 45, do not have a clear plan for how to take money from their pension

Four in five pension transfers halted by amber flag for unknown or potentially low risk reason

Applications may take longer to be registered if they contain errors that need to be rectified by the customer

Retirement