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

  • 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

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.
Published
2019-02-09
Keywords: non-state pension funds, pension system, pension reform, pension, inflation
How to Cite
Poltoryhina, S. V., & 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, 65-72. Retrieved from https://journals.bsu.by/index.php/economy/article/view/2256
Issue
No 2 (2018): Journal of the Belarusian State University. Economics
Section
G. Financial Economics

Copyright (c) 2018 Journal of the Belarusian State University. Economics

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