Evolution of Nongovernmental Pension Funds in Russia

Upravlenie ◽  
2015 ◽  
Vol 3 (4) ◽  
pp. 32-40 ◽  
Author(s):  
Талыкова ◽  
A. Talykova
Keyword(s):  
Performance Indicators ◽  
Statistical Data ◽  
Pension Funds ◽  
Insurance Market ◽  
Pension Insurance ◽  
Rate Of Increase ◽  
The Russian Federation ◽  
Private Management ◽  
Further Development ◽  
Pension Payments

In this paper the author considers the dynamics and trends of nongovernmental pension funds (NPF) evolution in Russia in recent years. Statistical data on the NPF number, which is steadily declining, have been demonstrated; possible causes of this trend have been identified. The author has presented viewpoints of the financial and social blocks of the RF Government on pension savings preservation and pension reform continuation. The current situation in the corporatization of nongovernmental pension funds and their integration into the pension savings safeguard insurance system has been analyzed in this paper. The data for 2012-2015 on values of the nongovernmental pension funds’ pension savings and pension reserves, number of insured persons and participants involved in the NPF, average total account values on mandatory pension insurance (MPI) and nongovernmental pension provision (NPP), pension payments values, number of pensioners. Comparative data for MPI and NPP market evolution (key figures, rate of increase) have been presented. The presence of private management companies on MPI market has been analyzed; the pension savings values in nongovernmental pension funds, private management companies and Pension fund of the Russian Federation have been compared; reserves for the further development of NPF on the mandatory pension insurance market have been revealed. On the results of performance indicators analysis a list of the largest 13 NPF in terms of pension reserves (these are the funds which each has collected on its accounts more than 1 % of all pension reserves on the market) has been composed. A similar list has been composed in terms of pension savings — a list of the largest 20 NPF, which each has collected on its accounts more than 1 % of all NPF’s pension reserves. The funds indicators from these lists have been compared with the data from all other NPF, regularities differences in NPP and MPI lists have been revealed. Based on identified trends the author makes forecasts on the nongovernmental pension funds development in each presence segment.

POTENTIAL OF PROMOTING RUSSIAN HIGH-TECH, INNOVATIVE AND OTHER PRODUCTS TO FOREIGN MARKETS BY ATTRACTING INTERNATIONAL BUSINESS EVENTS

2020 ◽  
Vol 6 (12) ◽  
pp. 48-58
Author(s):  
B. G. KHAIROV ◽  
◽  
P. S. ZOTINA ◽  
Keyword(s):  
Comparative Analysis ◽  
International Business ◽  
Statistical Data ◽  
High Tech ◽  
Foreign Markets ◽  
The Russian Federation ◽  
The Government ◽  
Business Events ◽  
Further Development ◽  
Domestic Products

The article is devoted to the study of the potential of promoting Russian high-tech, innovative and other products to foreign markets. The article focuses on such an instrument of promotion as international business events. The statistical data of the event industry revealing possibilities of further development of domestic products promotion abroad are investigated in detail. The work uses methods of statistical analysis, comparative analysis, generalization, graphical interpretation of information. The article was prepared based on the results of studies carried out at the expense of budget allocations as part of the state task of the Financial University under the Government of the Russian Federation.

scholarly journals Modern Problems and Prospects for the Development of the Insurance Market in the Russian Federation

2021 ◽  
pp. 84-95
Author(s):  
Elena Gushchina ◽  
Valeria Vinogradova
Keyword(s):  
Russian Federation ◽  
Monopolistic Competition ◽  
Insurance Market ◽  
Barriers To Entry ◽  
The Past ◽  
Current State ◽  
The Russian Federation ◽  
The Impact ◽  
Further Development

The role of insurance in a person’s life is undoubtedly great because it serves as the most effective tool in case of loss of property, health problems, business protection, etc. The purpose of the article is to assess the current state of the insurance market in Russia and identify problems that arise during its functioning. The research methodology consists in summarizing and comparing data characterizing various components of the insurance market. The article analyzes the current state of the insurance market in Russia with a falling number of insurers by more than 20 % over the past 3 years, the share of top insurers continues to grow every year, over the past 3 years the growth has amounted to 12 %. Calculations that indicate a change in the level of concentration in the insurance market of the Russian Federation have been made. Based on the results of the analysis, it was concluded that there is monopolistic competition in the market. The main factors influencing the level of competition in the market under consideration, namely, barriers to entry into the industry and their impact, were studied Due to the relevance of the research, the analysis of the impact the pandemic has on the Russian insurance market was carried out and the prospects for the development of the market were considered. Identifying the weaknesses of insurers made it possible to determine the priority areas for further development: intensive digital transformation of business, marketing, advertising.

scholarly journals Analysis of statistical data on bankruptcy procedures in the Russian Federation

2021 ◽  
pp. 82-89
Author(s):  
Nadezhda Yashina ◽  
Maria Shcherbakova
Keyword(s):  
Russian Federation ◽  
Economic Activity ◽  
Statistical Data ◽  
Preventive Measures ◽  
The State ◽  
The Russian Federation ◽  
Further Development

Based on the analysis of statistical data on the state of bankruptcy procedures in the Russian Federation an analysis of the deviation of the main indicators by chain and base methods. On the basis of the results of the calculations the conclusion about the need for further development and testing of methods for predicting the number of bankruptcies at the level of economic activity is formulated. The importance of analyzing statistical data on the bankruptcy of individuals was noted, the need to develop and implement preventive measures to prevent the growth of the number of bankruptcy of citizens was substantiated.

scholarly journals Pension insurance in Russia and in the modern world: trends and prospects.

2018 ◽  
pp. 155-165
Author(s):  
Aleksandr Aleksandrovich Razumov ◽  
Dmitrij Nikolaevich Ermakov ◽  
Galina Vladimirovna Surkova
Keyword(s):  
Pension System ◽  
Pension Reform ◽  
Modern World ◽  
Pension Insurance ◽  
The West ◽  
The Russian Federation ◽  
The Difference ◽  
The Interest Rate ◽  
Western Experience ◽  
Pension Payments

The article analyzes the main aspects of economic efficiency of annuity assurance policy in Russia. The general trends in the development of pension systems in the countries of the West, the difference between Russia and the West in this aspect are revealed. The author offers to make the pension system of Russia more socially just and close to the ideas of the Constitution of the Russian Federation. The linkage of pension payments to the interest rate is seen as an ineffective and dangerous approach in modern Russian conditions to the organization of pension provision for the population, for which there is a negative Western experience. The purpose of this article is to designate the most suitable way for Russia to develop the pension reform within the framework of the review of the study of problems of increasing the efficiency of the pension system in Russia.

scholarly journals ANALYSIS AND PROSPECTS OF PRIVATE PENSION FUNDS IN RUSSIA

2014 ◽  
pp. 82-87
Author(s):  
A. Pudovkin
Keyword(s):  
Growth Factors ◽  
Pension System ◽  
Pension Reform ◽  
Pension Funds ◽  
Private Pension ◽  
Pension Insurance ◽  
Pension Schemes ◽  
The Russian Federation ◽  
Key Drivers ◽  
Near Future

The article under the title "Analysis and prospects of private pension funds in Russia" deals with the pension system of the Russian Federation and the problems that the private pension funds will be facing with the introduction of the new pension reform. In addition, the article also deeply studies the private pension funds market in Russia. The study presented in the article also aims to thoroughly analyze the key drivers of the recent boom of the private pension funds sector. In addition, the study also reflects on the prospects of development of private pension funds and the major growth factors for the future taking into considerations the latest pension reform. It is exactly the pension capital that constitutes the major role to the growth of the the private pension funds market. In addition, taking into account the latest developments in the pension legislature, which imply no pension capital available to the private pension funds for the period 2014-2015 years, it is easy to foresee that the only growth factor left is pension reserves. Overall it obviously means that private pension funds should develop private pension schemes. Moreover, private pension insurance may become the major driver of the whole pension industry in the near future.

scholarly journals Empirical pension indicators: Cross-country comparisons and methodology for Russia

2021 ◽  
Vol 52 (4) ◽  
pp. 122-141
Author(s):  
Y.M. Gorlin ◽  
◽  
A.A. Salmina ◽  
V.Y. Lyashok ◽  
◽  
...  
Keyword(s):  
European Union ◽  
Pension Fund ◽  
Pension System ◽  
Population Surveys ◽  
Pension Insurance ◽  
System A ◽  
European Union Countries ◽  
The Russian Federation ◽  
Cross Country ◽  
Pension Payments

The article proposes a system of empirical indicators for Russia, taking into account the analysis of foreign and Russian approaches to assessing the adequacy of the level of pension provision. One group of the indicators, designed for crosscountry comparisons, is based on the methodology of the European Commission. The results of calculations of the proposed indicators on Russian data are presented, which made it possible to compare the level of pensions in Russia and European Union countries. The article defines the limitations of indicators for cross-country comparisons in terms of assessing the level of pension payments within the Russian system of compulsory pension insurance. For more adequate assessment of the adequacy of payments, the second group of indicators was developed that take into account the particularities of the Russian pension system. A distinctive feature of the proposed approach to the assessment of empirical indicators is that they are focused primarily on assessing the adequacy of the actual pension payments in terms of fulfilling the functions assigned to them - protection from poverty, compensation (replacement) of wages and ensuring the balance of income. The authors propose to evaluate these indicators not only on the data of population surveys, as is most common in foreign practice, but also on the administrative data of the Pension Fund of the Russian Federation.

scholarly journals Analysis of insurance products from the perspective of economic security of an insurance company

2020 ◽  
pp. 79-85
Author(s):  
Sergey Yashin
Keyword(s):  
Statistical Data ◽  
Economic Security ◽  
Securities Market ◽  
Insurance Market ◽  
Product Portfolio ◽  
Insurance Company ◽  
Open Source Data ◽  
Source Data ◽  
The Russian Federation

Based on open source data, the review of indicators of the state of the insurance market of the Russian Federation for 2017—2018 was conducted. The results of one of the largest operators of the insurance market, ROSGOSSTRAKH, are presented. Based on the analysis of statistical data, the direction of analysis of the insurance company’s product portfolio using methods for evaluating the quality of securities and the securities market as a whole is justified.

scholarly journals Challenges and Perspectives of Development of Private Pension Funds in Serbia

2019 ◽  
Vol 52 (1) ◽  
pp. 69-80
Author(s):  
Marija Đekić ◽  
Miloš Nikolić ◽  
Tamara Vesić
Keyword(s):  
Pension System ◽  
Private Insurance ◽  
Pension Funds ◽  
Private Pension ◽  
Successful Implementation ◽  
Pension Insurance ◽  
The World Bank ◽  
Investment Opportunities ◽  
Further Development ◽  
Compulsory State

Following the successful implementation of the Chilean reform, the World Bank proposed a solution from three pillars of the pension system: compulsory state, compulsory private and voluntary private pension insurance. Serbia, like many other developed and undeveloped countries, has only adopted the third pillar, in addition to the already existing state. The introduction of compulsory private insurance was also considered, however, there are no market conditions or financial possibilities for achieving this idea. Voluntary pension funds in Serbia were introduced by the 2005 laws. There are seven voluntary pension funds in Serbia, managed by four management companies. So far, the funds have achieved positive yields, although due to limited investment opportunities, these rates were very modest. In addition to limited investment opportunities, one of the problems is the accumulation of funds. The problem of population savings has many sides, and it is certain that some of the causes can be sought in bad experiences from the past. The paper analyzes the limitations and possibilities for further development of private pension funds.

Prospects of development of the reference base of the Russian Federation in the field of length measurements

2020 ◽  
pp. 3-5
Author(s):  
Y. G. Zakharenko ◽  
N. A. Kononova ◽  
V. L. Fedorin ◽  
Z. V. Fomkina ◽  
K. V. Chekirda
Keyword(s):  
High Precision ◽  
Russian Federation ◽  
Reference Base ◽  
Length Measurements ◽  
Laser Sources ◽  
The Russian Federation ◽  
Unit Of Length ◽  
Further Development ◽  
532 Nm

The results of the work to create a complex of high-precision hardware for the unit of length reproduction and transferring carried out at “D. I. Mendeleyev Institute for Metrology (VNIIM)” are represented. This complex will serve as the basis for the further development of the reference base of the Russian Federation in the field of length measurements and will allow reproduction of the unit of length at two wavelengths of 633 nm and 532 nm, as well as measurements of the wavelength of laser sources in vacuum in the range from 500 to 1050 nm.

Problems and prospects for the Russian banking supervision development in modern conditions

2020 ◽  
Vol 26 (6) ◽  
pp. 1283-1296
Author(s):  
K.A. Omarieva ◽  
P.G. Isaeva
Keyword(s):  
Banking System ◽  
Main Role ◽  
Banking Supervision ◽  
Monetary System ◽  
The Russian Federation ◽  
Document Flow ◽  
Development Methods ◽  
Further Development ◽  
Development Prospects

Subject. The article addresses problems and prospects for the banking supervision development in the Russian Federation under modern conditions. Objectives. We review the essence and methods of organization of the banking supervision, and identify the main problems and prospects for its development. Methods. To provide valid, reliable and reasoned recommendations, we apply normative and integrated approaches to the study of the banking supervision effectiveness in the current circumstances. Results. The paper investigates main problems and development prospects for the Russian banking supervision. The essential importance of supervision comes from the main role of the banking system in maintaining accounts of economic entities and making settlements. Even minor failures or delays in operations can lead to negative outcomes and disastrous consequences for the entire monetary system and the national economy. Therefore, we highlight issues that require attention, and make proposals for further development of the banking supervision. Conclusions. In the context of dynamically developing economy, the banking practice is becoming more complex. As a result, there is a need for new financial instruments that can reduce risks, increase the speed and efficiency of operations and document flow, and help achieve the world levels of introduced standards.

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