The PPI UK Pensions Framework, launched in 2021 and sponsored by Aviva, is an innovative, multi-year research project designed to ‘encourage the right framework for long-term pension planning’, a key strategic objective of the Institute.

The Framework tracks and simulates 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. Its aim is to become an established, evidence-based resource for assessing and improving the UK pensions landscape.

The Framework comprises forty-one comprehensive, purpose-build indicators, each containing a series of quantitative and qualitive metrics that relate to one of three system objectives, Adequacy, Sustainability and Fairness. Findings are presented in the Framework’s emblematic Policy Wheel, a powerful visualization tool that illustrates where strengths and weaknesses in the UK pension system exist, how they relate to each other, and how they evolve over time.