FINANCIAL MECHANISM OF INVESTMENT ACTIVITY OF NON-GOVERNMENT PENSION FUNDS
Implementation of non-state pension provision in Russia can be determined by one of the most significant financial mechanisms for attracting long-term financial resources to the economy. In the conditions of an unstable financial market, as well as constant reform of the institutions of non-state pension provision, the formation of the financial mechanism of investment activity of non-state pension funds is particularly relevant. Based on generalization of theoretical approaches, the essence of the financial mechanism of investment activity of non-state pension funds is defined. It consists in managing investment activity using financial methods, tools and leverage in accordance with the investment strategy and current legislation to ensure profitability from the allocation of financial resources. The content and composition of the financial mechanism of investment activity of non-state pension funds are revealed, and directions for improvement are established.
Keywords: financial relations, non-state pension funds, financial mechanism, financial instruments, investment resources.
Highlights:
♦ the content of the concept “financial mechanism of investment activity in non-state pension funds” is disclosed;
♦ the elements of the financial mechanism are established, their interaction and the impact on the efficiency of investment activity of non-state pension funds are considered;
♦ the recommendations for improving the specified financial mechanism in modern conditions are given.
Irina A. Yurieva, a post-graduate student, Samara State University of Economics.