On the go: The Pensions Policy Institute is launching a UK pensions framework, since “work and retirement landscapes are undergoing significant change around the world”.
The pensions framework, announced on Monday, is being developed during 2021 in collaboration with independent experts, policy advisers and other key stakeholders, the PPI stated
The research body noted that there are several frameworks to evaluate and compare international pension systems.
However, considering the complexity of the UK landscape, the PPI stated that “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”.
The PPI framework, which will be tailored to the UK state and private pension system, will support future policy analysis and decision-making by “tracking trends and examining change in the context of key objectives including adequacy, sustainability and fairness”, it said.
Chris Curry, director at the PPI, noted: “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.
“Collaboration with stakeholders from a wide range of pensions backgrounds will be essential to its success.”
