Abstract

The issue of the significance of the role of information technologies in the pension system was highlighted. The information and communication model of the state regulation of financial support of the pension system in the market of non-banking financial services was considered. The essence of information and communication support of the risk-oriented approach to the system of accumulative pension provision, which involves preventing the information and technological probability of risks, was explored. The issues of development of non-bank financial institutions as entities of aggregate financial potential were explored and promising directions of increasing the efficiency of their functioning with the use of information technologies were outlined. The necessity of introducing the mechanism of information and communication provision of the state regulation of accumulative system of pension provision by means of mandatory payment of contributions to individual pension accounts and their further investment as an important component of social protection of the population was considered. The algorithm of construction of the mechanism of information and communication provision of the risk-oriented approach to the accumulative pension system was proposed. The main indicators of the implementation of the accumulative component of the pension system were analyzed. The need for the interaction of the elements of the risk-oriented system of accumulative pensions was substantiated. Information technologies of investment of pension savings as a long-term investment resource in interaction of elements of the risk-oriented system of the accumulative pension provision were considered. The needs of introducing a risk-oriented approach to accumulated assets to strengthen social protection of participants in the non-banking financial services market were highlighted. The results of the redistribution between the cluster proved a close relationship of incomes of population and long-term pension savings.

Highlights

  • The development of pension provision requires a financial balance of the distribution system, which will reduce the problematic issues regarding the introduction of the accumulative component of the pension system

  • Practical implementation of redistribution programs and the accumulative component, which proves the growing needs of citizens of retirement age, remains important. This is due to the need to introduce a mechanism of state regulation of the accumulative system of pension provision by means of mandatory payment of contributions to individual pension accounts and their further investment

  • The comparison method was used to study the mechanism of information and communication support of the risk-oriented approach to the system of accumulative pension provision

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Summary

Literature review and problem statement

The development of pension provision requires a financial balance of the distribution system, which will reduce the problematic issues regarding the introduction of the accumulative component of the pension system. That is why information technologies for regulating the risk-oriented system are an urgent issue of choosing a reliable subject of the accumulative level of pension provision. The study identified the models of progress and regression in the markets of non-banking financial services The results of this analysis are of importance in further research into the prospects for the implementation of the accumulative system. The issue of information support of the risk-oriented approach to mandatory accumulative pensions remains insufficiently studied. The availability of adequate and comprehensive internal financial data on compliance and external environment is a necessary condition for ensuring reliability, timeliness, accessibility and consistency in the activities of pension funds It was found in paper [11] that the financial monitoring system has a mechanism for improving the risk-oriented approach. The issue of the risk of outsourcing of information technologies and logistic services during the implementation in the pension system was not considered

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