Guest comment: Building a strong framework

Whether you’re a saver or a pensioner, customer or professional, it’s difficult to tell how the vast UK pension system fits together, where things are going well and why, and what is changing over time.

Last year, the PPI embarked upon a project to tackle these questions. In 2021, we designed the UK Pensions Framework, the first research instrument of its kind to look across the whole UK pension system to understand how policy changes in one area can affect aspects of another and how cumulative impacts add up.

This year, we’re analysing over 40 different indicators that can help us develop a picture of how the system is working through the lenses of adequacy, sustainability and fairness.

So far, we’re seeing that improvements in the number of people contributing to private pensions are offset by the relatively low level of savings they are putting aside, and that where improvements are being made, they’re often not made equally among different groups.

We’re seeing how changing patterns in employment and lifetime saving are leading to significant variation in the extent to which people might achieve adequate financial outcomes in retirement, and the extent to which these outcomes might be sustainable, or the differences fair.

In late November, we’ll bring all these findings together in one report. We’ll use it to compare changes year-on-year. Watch this space!

    Share Story:

Recent Stories

Making pension engagement enjoyable through technology
Laura Blows speaks to Nick Hall, business development director and Chartered Financial Planner at UK-based Wealth Wizards about the opportunities that technology provides for increasing people’s engagement with pensions and increasing their retirement wealth. Please click here for an edited write-up of the video

ESG & DC – creating the right tools
In the latest of our series of Pensions Age video interviews Francesca Fabrizi, Editor in Chief of Pensions Age is joined by Manuela Sperandeo, Head of Sustainable Indexing EMEA, BlackRock and Mark Guirey, Executive Director, Asset Owner and Consultant Coverage - MSCI to discuss some key trends of ESG investing among UK pension funds today. Please click here for an edited write-up of the video

Savings and finance at retirement
Laura Blows is joined by Claire Felgate, Head of Global Consultant Relations, UK, at BlackRock, to discuss savings and finance at retirement. Please click here for an edited write-up of the video

Global sustainable credit
Laura Blows speaks to Royal London Asset Management senior fund manager, Rachid Semaoune, about global sustainable credit
Global equities and transition investing
Pensions Age editor, Laura Blows speaks to Royal London Asset Management equity investment director, Jonathan Price, about transitioning to sustainable investments within global equities

Advertisement Advertisement Advertisement