FOREIGN EXPERIENCE OF PRIVATE PENSION PROVISION

Abstract

The problems of development of the domestic pension system and models of such systems in economically developed European countries are analysed. It is argued that the main reasons for the low level of development of non-state pension provision (NSPP) in Ukraine are inefficient legislative and operational regulation of financial entities, as well as insufficient transparency in asset management, which accumulates distrust among the population. The expediency of using foreign experience to improve the system of non-state pension provision in Ukraine is substantiated. For further development of the domestic system of NGPP Ukraine it is proposed to develop a clear, ramified mechanism for monitoring and regulating the activities of the main actors in this process. Based on the implementation of foreign experience, approaches to improving the system of state regulation and supervision of non-state pension fund (NSPF) are proposed: rating and monitoring of activities of NSPF and their financial resources, regulation and supervision of investment activities, information disclosure system.