(Figure 2).
In the countries with a developed market economy these indicators are tens
of times larger.
Figure 2. Dynamics of NPF development potential in Ukraine on the basis of
attracting new investors - individual and corporate investors in 2010-2015
Source: constructed by the author according to data [28; 29]
Despite a number of benefits associated with the functioning of non-state pension
funds, a large part of the population does not trust them due to various reasons, the
main of which is the lack of awareness of the activities of the NPF and the conditions
for participation in them, as well as:
-
lack of reliable financial instruments for investing pension assets, including
indexes for inflation, insufficient level of capital markets development;
-
low population confidence in the accumulative pension system and reducing
the financial capacity of the employers and employees to enter into pension
arrangements;
-
increase of risks associated with financial instability, including non-return of
assets placed on bank deposits.
Therefore, a variety of measures to promote the activity of NPFs in the system of
non-state pension provision will contribute to more efficient use of the potential of the
development of this group of institutional investors in the domestic financial market.
18436,5
18516,2
18736,9
18901,8
17188,1
15742,0
378,8
375,7
364,9
393,3
341
343,4
0,29%
0,32%
0,25%
0,25%
0,27%
0,34%
0,63%
0,65%
0,66%
0,61%
0,67%
0,67%
0
0,1
0,2
0,3
0,4
0,5
0,6
0,7
0,8
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
20000
2010
2011
2012
2013
2014
2015
%
thousand
persons
years
Employed population of working age
Number of registered legal entities
Share of depositors (individuals) - individual investors in the total value of the employed able-bodied
population
Share of NPF depositors (legal entities) - corporate investors in the total number of registered legal
entities
- 526 -