The Pensions Policy Institute (PPI) has announced that it is developing a UK Pensions Framework, with the aim of supporting future policy analysis and decision making.

To achieve this, the new framework will track trends and examine changes in the context of ‘key’ objectives, including adequacy, sustainability and fairness.

The PPI noted that although there were existing frameworks for evaluating and comparing international pension systems, there was no single model that can “consistently capture” the effect changes to policy can have over time in the UK.

It added that there was also no existing framework that could assess the way in which ‘critical factors’ interact to determine pension outcomes.

The framework, which is sponsored by Aviva, will be developed over the course of 2021, with input from independent experts, policy advisers, and other key stakeholders.

“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,” commented PPI director, Chris Curry.

“With the support of Aviva, the PPI is developing research to address this need. Collaboration with stakeholders from a wide range of pensions backgrounds will be essential to its success.”

Aviva UK & Ireland Life Insurance CEO, Doug Brown, added: "Aviva is delighted to sponsor the development of the PPI UK Pensions Framework. We believe that this framework can play a critical role in assessing and developing the suite of policies needed to help people to save for their retirement.”

The PPI said that it welcomed input to the framework’s development and encouraged anyone with an interest in the research to get in touch.

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