Status and trends in the development of non-state pension funds in Ukraine in the context of pension system transformation

Анотація

The transformation of Ukraine's pension system and the growing need for long-term investment resources make it relevant to study the development of non-state pension funds as a key element of the modern pension provision model. The purpose of this article is to comprehensively assess changes in the functioning of non-state pension funds in Ukraine under current conditions, identify key trends, structural constraints, and potential directions for their further development. The research methodology is based on the analysis of statistical data, a review of the regulatory framework, a comparative study of international experience, and a summary of analytical reports from regulatory authorities. As a result, steady growth in the assets, contributions, and payments of Ukrainian NPFs was established, as well as positive nominal investment returns for the period under review. At the same time, a number of systemic problems were identified: low coverage of the population, preservation of a conservative structure of investment portfolios, limited financial instruments, high inflationary pressure, and insufficient development of the domestic capital market. It has been proven that these factors hinder the realization of the full economic and social potential of NPFs. The need to modernize the institutional and investment mechanisms of NPFs, expand their instrumental base, and increase public confidence has been substantiated. The practical implications of the study lie in identifying priority areas for the development of the third level of the pension system and outlining opportunities for using NPFs as a source of long-term investment capital in the context of post-war economic recovery.

Класифікація

Ідентифікатори

Схожі роботи