The Pensions Policy Institute (PPI) has announced they have signed a Memorandum of Understanding (MoU) with NextGen Pensions that aims to create a more inclusive and diverse industry.

The MoU will expand the PPI’s existing Strategic Relationships network to facilitate closer work with NextGen.

This will include sharing complementary knowledge, skills, expertise, and networks to achieve their vision of “better information and understanding” combined with decision makers that represent savers more fairly.

The organisations are aiming for the MoU to help lead to a better policy framework and a better provision of retirement income for all.

PPI director, Chris Curry, commented: “I am delighted that we have expanded our Strategic Relationships to include NextGen. Through this new relationship we look forward to working with the next generation of pension minds, ensuring that there is greater diversity in the discussion and debate around later life issues to establish a more inclusive policy agenda.

“The PPI believe that better information and understanding around policy and decisions will lead to a better framework and a better provision of retirement income for all.

“So, the development of this Strategic Partnership with NextGen who believe a more inclusive, representative, and engaging industry will help to deliver better outcomes is an exciting opportunity for both organisations, who possess a strong shared interest in moving towards a more inclusive and diverse industry. By bringing together our networks this collaboration is a step towards achieving this vital objective.

“Myself, the PPI team and council very much look forward to seeing how this new Strategic Relationship grows and develops and the impact this will have in moving the debate forward.”

NextGen chair, Caroline Escott, added: “At NextGen, we are passionate about working to create a more inclusive and diverse pensions and investment community. However, we recognise that we can achieve greater impact when we collaborate with like-minded partners and organisations.

“In 2022, we are focusing on influencing the demand for diverse candidates on governance committees through our policy, advocacy and outreach work. Working more closely together with the PPI, with its track record of research and public policy excellence, aligns perfectly with this objective and will help us achieve a pensions industry that better reflect and respond to savers’ needs.”

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