Evaluation of the effectiveness of the activities of non-state pension funds in Russia

Authors

  • Svetlana V. Poltoryhina Branch of Naberezhnye Chelny of Kazan Innovative University named after V. G. Timiryasov, 67 Moskovskii Avenue, Naberezhnye Chelny 423822, Tatarstan, Russia
  • Venera V. Garipova Branch of Naberezhnye Chelny of Kazan Innovative University named after V. G. Timiryasov, 67 Moskovskii Avenue, Naberezhnye Chelny 423822, Tatarstan, Russia

Keywords:

non-state pension funds, pension system, pension reform, pension, inflation

Abstract

Non-state pension funds occupy a special place in the modern financial system of Russia. A brief description of the activities and performance of non-state pension funds is given. The purpose of the research is to analyze the effectiveness of non-state pension funds in Russia. The results of the work indicate the following regularities: no more than 0,35 % of the pension savings received are annually directed to the payment of the funded pension, and about 5 % of the contributions received under non-state pension insurance contracts are directed to the pensions of non-state pension funds; about 90 % of all pension payments of non-state pension funds are accounted for the payment of pensions under compulsory pension insurance; the funded pension receives no more than 25,5 % of the recipients of the pension from the number of clients. The results of the study can be used as recommendations for financial regulation of social and economic processes. 

Author Biographies

  • Svetlana V. Poltoryhina, Branch of Naberezhnye Chelny of Kazan Innovative University named after V. G. Timiryasov, 67 Moskovskii Avenue, Naberezhnye Chelny 423822, Tatarstan, Russia

    PhD (economics); associate professor at the department of finance and credit, faculty of economics

  • Venera V. Garipova, Branch of Naberezhnye Chelny of Kazan Innovative University named after V. G. Timiryasov, 67 Moskovskii Avenue, Naberezhnye Chelny 423822, Tatarstan, Russia

    PhD (economics); associate professor at the department of finance and credit, faculty of economics

References

  1. The Central Bank of the Russian Federation. Supervision over financial market participation [Internet] [cited 2018 August 15]. Available from: https://www.cbr.ru/finmarket/supervision/sv_coll. Russian.
  2. Pension fund of the Russian Federation. Annual reports of the pension fond of the Russian Federation [Internet] [cited 2018 August 15]. Available from: http://www.pfrf.ru/press_center/advert_materials/~2074. Russian.
  3. Ratings: pension coverage in Russia, private pension fund, etc. [Internet] [cited 2018 August 10]. Available from: http://npf. investfunds.ru/ratings. Russian.
  4. National Association of Non-State Pension Funds [Internet] [cited 2018 August 11]. Available from: http://www.napf.ru. Russian.

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Published

2019-02-09

Issue

No. 2 (2018): Journal of the Belarusian State University. Economics

Section

G. Financial Economics

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How to Cite

[1]
Poltoryhina, S.V. and Garipova, V.V. 2019. Evaluation of the effectiveness of the activities of non-state pension funds in Russia. Journal of the Belarusian State University. Economics. 2 (Feb. 2019), 65–72.