On the go: The Pensions Policy Institute will be launching its first report providing a picture of trends, issues and outcomes of the UK pensions system in 2022.
As reported by Pensions Expert, the PPI announced in May the launch of a UK pensions framework, since “work and retirement landscapes are undergoing significant change around the world”.
The pensions framework is being developed in 2021 by the PPI in collaboration with independent experts, policy advisers and other key stakeholders.
In a briefing note published on Thursday, the PPI stated that the framework will aim to help policymakers and industry achieve a wider understanding of trends and issues in UK pensions and retirement provision.
The objective is to determine to what extent the UK pensions system “supports the overarching goal of income security for individuals in later life by analysing the underlying objectives of adequacy, sustainability and fairness against a series of indicators”, it said.
The PPI explained that pensions policy needs to be regularly assessed against its objectives, and that the UK pensions system “has seen unprecedented change over the past 20 years and, although the impact of some changes are clear and measurable, others are more abstract”.
To track what these changes could mean for retirees in the future, it will be crucially important to understand how policy outcomes relate to each other over time, the research body said.
