The Pensions Policy Institute (PPI) will develop a UK-wide pension framework, designed to support future policy analysis and decision making.
This framework will track trends across the UK pensions sector and examine change in the context of key objectives which include adequacy, sustainability and fairness.
Launching this initiative the PPI says that work and retirement landscapes are undergoing significant change around the world. It points out several frameworks exist to evaluate and compare international pension system, however the UK pensions landscape is complex and at present no single model can consistently capture the impact of changes to policy and policy levers over time and the way in which critical factors interact to determine pension outcomes. This new framework aims to address this issue.
The new framework will be developed over the course of 2021 in collaboration with independent experts, policy advisers and other key stakeholders. The PPI is inviting input from any interested parties.
PPI director Chris Curry (pictured) says: “Important changes in pensions have highlighted the need for a framework that can be used by everyone involved in pensions policy to analyse outcomes in the unique context of the UK system.
“With the support of Aviva, the PPI is developing research to address this need. Collaboration with stakeholders from a wide range of pensions backgrounds will be essential to its success.”