“Thatcher’s children”, pensions and retirement ‐ Some survey evidence

Abstract

Despite major changes in the UK pensions scene, including policy initiatives by successive governments, very little is known about people’s attitudes towards many pensions related issues. Reports the results of a survey of undergraduates, born on the threshold of the Thatcher era, who are themselves about to embark upon influential careers. The findings relate both to knowledge of pension and retirement details, and the students’ own pension and career plans. In the spirit of the 1980s, the students, especially the males, attached some importance to “individual choice” in pension arrangements. The need for a role for the State was acknowledged, whilst occupational pensions were not rated highly in employment choice terms. The overall pattern of responses allows for some tentative evaluation of recent Labour Government proposals and speculation of future developments in the field of provision for retirement.