Latest Publications

This paper builds on the SMF paper published in December 2023, which argued for ‘member choice’ in pensions. With such a proposal under consideration by the Government, it addresses some common questions and misapprehensions.

This is the third of three papers exploring tobacco, alcohol, obesity and gambling policy. It argues that the contribution of such activities to the economy should not be used as a justification to avoid action to discourage them, whereas the costs they generate through ill health are more significant – though they should not be overstated.

The cost of living crisis has left many households struggling to afford essential goods and services. This report explores the case for social tariffs – discounts offered to certain vulnerable customers – the goods they are best suited to and how they should be designed to deliver for all.

Mutuality has a rich history, but it remains largely misunderstood. This report provides a comprehensive overview of the modern mutual sector, exploring its key opportunities and challenges.

The UK is a nation of animal lovers, but are we doing enough to understand and reduce animal suffering everywhere– even farms? In this report, we attempt to identify a working definition and practical measure of animal welfare to understand where we are as a society, and where we might be headed. It is the first of three reports investigating the likelihood and potential for alternative proteins to reducing animal suffering.

The UK’s charity sector has been resilient to recent shocks, but it is unclear how long this can last. This report suggests ways in which government can protect the sector’s long term viability, by instilling long term planning and sustainable financial models.

People in poverty regularly face a poverty premium in the insurance market. Not only is that unfair, it also leads to worse outcomes for people, families and society – and it risks trust in the market mechanism. In this report, we conceptualise drivers of the poverty premium and call on the government, the insurance industry, and regulators to establish policies that can protect people in poverty from paying more for coverage.

Government regulations can result in higher consumers prices, make businesses less competitive, and they can prevent innovation and reinforce barriers to entry. In this paper, Harvard Senior Fellow and Regulatory Policy Committee Chair Stephen Gibson, reviews previous efforts to reduce red tape.

In the Conservative political tradition, state regulation is often viewed in binary terms – its presence an intrusion, and its absence a mark of freedom. This has certainly been the case in the ongoing debate surrounding the review of the 2005 Gambling Act. In this personal essay, SMF Senior Fellow Dr James Noyes rejects the binary view in favour of a more nuanced approach to regulation and the role that the state can – and should – play in the gambling market.