The Pensions Policy Institute (PPI) has published Briefing Note 43 - Maintaining consensus: the long-term goals for the UK pensions system and options for ongoing policy review. The seven identified goals are: adaptability; adequacy; affordability; clarity; fairness; robustness and dependability. These would underpin the establishment of a sustainable pensions system.
The briefing note also proposes two options for monitoring and reviewing pensions policy: the introduction of a permanent Independent Pensions Commission; or periodic independent reviews commissioned by the Government. The PPI identifies the pros and cons of each and concludes that no process for the ongoing review of pensions policy can guarantee the “right” policy outcome. However it recommends that the key goals identified above should be considered when designing a strong review process.
View the briefing note (167KB) (.pdf)