Pensions are a controversial issue in Britain. During the past fifty years,
pension reforms have been challenged by the competing policies of the Cons
ervative Party and the Labour Party. There were differences in the nature,
scope and extent of pension policies between them: the Conservatives encour
aged private pension provision while the Labour Party promoted state provis
ion. Based on core principles of freedom and personal responsibility, the C
onservatives persistently over time implemented policies in line with these
beliefs. This article explores this transformation of the post-war pension
regime. An attempt is made here to sketch out a new explanation of this tr
ansformation in drawing on recent theories of the role of ideas and ideolog
y in the policy process. The recent apparent convergence in policy thinking
on pensions between the Labour Party and the Conservative Party highlights
the importance of core ideological principles.