Lord Hutton of Furness, adviser to the UK government's public sector pension reforms, has warned against any delay to the introduction of state-sponsored defined contribution savings reform as it would be a “body blow” to creating a savings culture.

Suggestions of a delay reforms to the National Employment Savings Trust were sparked by reports that private equity manager Adrian Beecroft, tasked by the government to investigate business reform, had suggested the burden on business could be eased by delay.