Events

Aviva - 28-30 Hoxton Square, London N1 6NN

30 NOV 2023

On 30 November 2023 the Pensions Policy Institute (PPI) held a launch event on The UK Pensions Framework: Renting in Retirement - The Fault Line Below the UK Pension System, in association with Aviva. It is a multi-year project that tracks how the UK pension system is performing against a set of core objectives, which overall determine the financial security that people have in later life. Following the widely read publication of its baseline analysis in 2022, our 2023 report, Renting in Retirement - The Fault Line Below the UK Pension System uses the Framework to simulate how outcomes could change as fast-growing numbers of people look set to reach retirement without the security of owning their own home in the future.

Among people aged 45-64 today, 15% fewer own their own home than those of the same age twenty years ago. So what could happen when as many as 1.2 million more households enter retirement in privately rented accommodation over the next twenty years? Who are these households, how much might their housing cost through later life, how far might their savings go towards covering the cost and what is needed to support those who don’t have enough? Join us for the launch of the UK Pension Framework’s first “what if” scenario analysis, where we’ve remodelled the data in our Pensions Policy Wheel to picture what this change might mean. As well as analysing the impact on pensions adequacy, the 2023 report also spotlights the complex interdependencies between pensions and other policy systems. In doing so, it highlights the need for cross-department collaboration and a discussion of the extent to which assumptions embedded in the UK pension system reflect the pensioner populations of today, and of the future.

To download the write-up of the event, please click here.