Responding to the Government's announcement of a review to improve consumers' access to financial advice, Huw Evans, Director General of the Association of British Insurers (ABI), said:
"This is a welcome step which comes at a good time. The new pension freedoms have highlighted how important it is that proper advice is accessible to all, not just those that can afford it. This review will naturally take time, so in the short term we want to see steps taken to address the more immediate issues outlined in our action plan in June."
Note to editors
Full details of the ABI's action plan are here https://www.abi.org.uk/News/News-releases/2015/06/ABI-sets-out-action-plan-to-help-customers-get-most-from-pension-freedoms