During the 1990s, the British population has been urged by government and
financial institutions to make more personal preparation for retirement and to
begin doing so while they are still relatively young. This paper, set within a
wider analysis of people's long-term planning behaviour, investigates the
extent to which a sample of the general population of Kirkcaldy in Scotland,
mostly aged between 30 and 49, has given thought to the question of
retirement, feels they have made financial preparation for it, and also how
comfortable they expect retirement to be. While it seems likely that early
planning for retirement is more common today than 20 years ago, there
remain substantial sections of the population, including – but going well
beyond – many in lower income groups, who appear not to be preparing, for
varying combinations of reasons (including family responsibilities, personal
history, cultural and general orientation to life). The study concludes that
planning for retirement must be seen as part of planning as a whole, and that
the propensity to plan is the outcome of a complex web of material, social,
cultural and psychological factors. This suggests that even very high profile
urging from politicians and financial institutions is unlikely to deliver
adequate pensions for significant sections of the UK population.