The Efficiency Analysis of Pension Savings and Pension Reserves under the Management of Russian Non-State Pension Funds

Abstract

This research addresses the problem of pension savings and pension reserves management efficiency analysis of the whole Russian pension system and non-state pension funds. The author of article offers the mechanism of investment results efficiency estimation on the basis of quantitative analysis of risk / return indicators, allowing to divide the NPFs on the group of leaders and outsiders, as well as to give the recommendations for NPF’ investment strategy management.

Keywords

• investment efficiency analysis
• risk-management
• economical ratios analysis
• non-state pension funds
• pension system