An important research area which concerns corporate bodies and government
decision-makers is the topic of pension funds, the awareness of pension schemes among
employees and the perceived importance of these schemes. Existing Covid 19 pressures have
also put forward cash flow limitations for firms, which has given further importance to
research on this topic. While pension schemes are associated with additional costs, this paper
attempts to explore some of the benefits associated (employee motivation, job satisfaction
and employee retention). Further, the paper explores the role and importance of pensions
through the lens of ‘Motivation Theory (Maslow’s Hierarchy of needs).
This dissertation seeks to provide a framework for understanding the role of pension funds
for employees in the United Kingdom. The thesis then proceeds with research on employee
perceptions through a method of quantitative research. The research captures perceptions of
employees working/residing in the United Kingdom through surveys.