ABSTRACT
This chapter discusses certain macroeconomic aspects of funded pension schemes, and how they fit into the total economic framework of the United Kingdom. It is based on a talk given at a seminar on pensions held by the Institute of Actuaries and the Faculty of Actuaries in Staple Inn in November 1983, but with some revisions and alterations. In particular, 1982 figures have been replaced by those for 1984.
