Formation of Pension Savings from Pension Insurers: Comparative Analysis and Efficiency Assessment

The subject of the research is the formation of pension savings on compulsory pension insurance by public and private pension insurers. The paper’s relevance comes from the lack of a conclusive solution in contemporary research to the dilemma of selecting between maintaining competition in the pensi...

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Main Authors: I. V. Terentieva, A. V. Svistunov
Format: Article
Language:Russian
Published: Government of the Russian Federation, Financial University 2023-08-01
Series:Финансы: теория и практика
Subjects:
Online Access:https://financetp.fa.ru/jour/article/view/2297
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author I. V. Terentieva
A. V. Svistunov
author_facet I. V. Terentieva
A. V. Svistunov
author_sort I. V. Terentieva
collection DOAJ
description The subject of the research is the formation of pension savings on compulsory pension insurance by public and private pension insurers. The paper’s relevance comes from the lack of a conclusive solution in contemporary research to the dilemma of selecting between maintaining competition in the pension market and centralizing pension savings. The purpose of the research is to assess the effectiveness of the formation of pension savings for mandatory pension insurance in private pension funds in comparison with the Pension Fund of Russia, both from the point of view of the interests of insured persons and society as a whole. Research methods include comparative analysis and logical generalization, economic-mathematical and statistical methods, methods of financial mathematics. The information base of the study is data from the official websites of the Pension Fund of Russia, the Central Bank of Russia, the Federal State Statistics Service, the Deposit Insurance Agency, the Moscow Stock Exchange, VEB.RF, etc. The effectiveness of the formation of pension savings from public and private pension insurers was assessed by a number of criteria: from the standpoint of the interests of insured persons — these include the profitability of pension savings the reliability of the pension insurer, the possibility of choosing investment strategies; from the standpoint of the interests of society — the evaluation criterion is the use of pension savings as a long-term investment resource for economic development. As a result, it is concluded that the Pension Fund of Russia manages the pension savings of citizens more effectively than private pension funds. This raises the question of whether private pension funds should participate in compulsory pension insurance.
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spelling doaj-art-08aedd7451b344f6a2b37426cb977d102025-08-20T03:00:42ZrusGovernment of the Russian Federation, Financial UniversityФинансы: теория и практика2587-56712587-70892023-08-01274172910.26794/2587-5671-2023-27-4-17-291054Formation of Pension Savings from Pension Insurers: Comparative Analysis and Efficiency AssessmentI. V. Terentieva0A. V. Svistunov1Murom Institute (branch), Vladimir State University named after A.G. and N.G. StoletovMurom Institute (branch), Vladimir State University named after A.G. and N.G. StoletovsThe subject of the research is the formation of pension savings on compulsory pension insurance by public and private pension insurers. The paper’s relevance comes from the lack of a conclusive solution in contemporary research to the dilemma of selecting between maintaining competition in the pension market and centralizing pension savings. The purpose of the research is to assess the effectiveness of the formation of pension savings for mandatory pension insurance in private pension funds in comparison with the Pension Fund of Russia, both from the point of view of the interests of insured persons and society as a whole. Research methods include comparative analysis and logical generalization, economic-mathematical and statistical methods, methods of financial mathematics. The information base of the study is data from the official websites of the Pension Fund of Russia, the Central Bank of Russia, the Federal State Statistics Service, the Deposit Insurance Agency, the Moscow Stock Exchange, VEB.RF, etc. The effectiveness of the formation of pension savings from public and private pension insurers was assessed by a number of criteria: from the standpoint of the interests of insured persons — these include the profitability of pension savings the reliability of the pension insurer, the possibility of choosing investment strategies; from the standpoint of the interests of society — the evaluation criterion is the use of pension savings as a long-term investment resource for economic development. As a result, it is concluded that the Pension Fund of Russia manages the pension savings of citizens more effectively than private pension funds. This raises the question of whether private pension funds should participate in compulsory pension insurance.https://financetp.fa.ru/jour/article/view/2297pension savingspension insurersstate pension fundprivate pension funds
spellingShingle I. V. Terentieva
A. V. Svistunov
Formation of Pension Savings from Pension Insurers: Comparative Analysis and Efficiency Assessment
Финансы: теория и практика
pension savings
pension insurers
state pension fund
private pension funds
title Formation of Pension Savings from Pension Insurers: Comparative Analysis and Efficiency Assessment
title_full Formation of Pension Savings from Pension Insurers: Comparative Analysis and Efficiency Assessment
title_fullStr Formation of Pension Savings from Pension Insurers: Comparative Analysis and Efficiency Assessment
title_full_unstemmed Formation of Pension Savings from Pension Insurers: Comparative Analysis and Efficiency Assessment
title_short Formation of Pension Savings from Pension Insurers: Comparative Analysis and Efficiency Assessment
title_sort formation of pension savings from pension insurers comparative analysis and efficiency assessment
topic pension savings
pension insurers
state pension fund
private pension funds
url https://financetp.fa.ru/jour/article/view/2297
work_keys_str_mv AT ivterentieva formationofpensionsavingsfrompensioninsurerscomparativeanalysisandefficiencyassessment
AT avsvistunov formationofpensionsavingsfrompensioninsurerscomparativeanalysisandefficiencyassessment