pull out

We use [pull out] to mean withdraw from an undertaking or retreat, or cause to retreat, from an area:

• Unfortunately, we need to withdraw from that new development as we’ve not enough funds. [replacing phrasal verb]
  
• Unfortunately, we need to leave that new development as we’ve not enough funds. [replacing phrasal verb]
  

• He was forced to pull out of the race because of an injury.
  

• We need to change our decisions about the pensions market and withdraw our funds before March. [replacing phrasal verb]
  
• We’re reconsidering our position in the pensions market. [replacing phrasal verb]
  
• We’ve decided to sell and leave the pensions market as of March. [replacing phrasal verb]
  

• We’re pulling out of the pensions market as of March.
  

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