The Pensions Policy Institute has published a briefing paper outlining the rationale for creating a dedicated UK pensions framework.
This framework, which will cover the state and private pension system, is being developed by the PPI over the course of 2021 in collaboration with industry experts, policy advisers and other key stakeholders.
It is being designed to support future decision making by tracking trends and examining the impact of policy changes in the context of savings adequacy, sustainability and fairness.
The underlying methodology of the framework will be published in December this year, with the first full report into the UK pension system conducted in 2022.
The PPI says the objective of the 2022 report is to act as a baseline against which the system can be assessed annually to evaluates its progress against these key objectives.
The PPI has said this briefing paper sets out why a framework is needed, particularly and the current time. It also sets out the structure of analysis and rationale behind key features and design principles and aims to anticipate challenges and options to address them.
