Investment Potential of the System of Non-state Pension Provision of Ukraine

Bilonog Artem P. ()
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Bilonog Artem P.: University of Banking of the National Bank of Ukraine

Business Inform, 2014, issue 2, 105_110

Abstract: The goal of the article is the study of the issue of transformation of pension savings into the investment resource and justification of practical approaches and theoretical grounds of development of the system of pension insurance as a source of investments into Ukrainian economy. The article underlines problems of development and attraction of a wide circle of the population to the non-state pension provision. It identifies directions of solution of problems of accumulation of free financial resources and direction of them into investment projects. Results of theoretical and empirical studies testify to the fact that the pension system is capable of forming "long money", which gives a possibility to invest capital for a long term, even in projects with slow payback, which is a significant advantage compared to the bank capital. Creation of an efficient institute of non-state pension provision should facilitate maximal attraction of saving of the population into economy of the country with the use of possibilities of insurance companies and non-state pension funds. It is expedient to continue study of mechanisms of provision of state incentives and guarantees for attraction of the population into active use of savings in the system of pension provision with the goal of formation of a significant investment potential for development of the national economy, which results in the necessity and urgency of study of these problems.

Keywords: pension system; non-state pension provision; investments; transformation (search for similar items in EconPapers)
Date: 2014
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