“Innovation is vital to make the pension freedoms a success” – Which? response to NEST’s blueprint for a retirement income strategy

​​Which? executive director, Richard Lloyd, said: 

​”Innovation is vital to make the pension freedoms a success so we need providers to think carefully about how they can meet consumers’ needs and allow people to benefit from the reforms. However, if the industry cannot deliver, the Government should establish a state-backed drawdown provider which will allow everyone access to a low cost, good value product.”

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