Role of Pension Management in Controlling the National Pension System
Journal Title: Бізнес Інформ - Year 2015, Vol 7, Issue 0
Abstract
The article highlights the issues of role of pension management in controlling the national pension system in the context of carrying out the pension reform. Establishing a contemporary pension model requires improvement of control system in the pension sphere, which should be based on the principles of pension management. The basic premises of establishing and development of pension management has been considered, the main elements of its organization has been determined. It has been proved that specialized financial institutions that will operate together with the pension insurance system should become a linchpin for the effective functioning of pension management. The basic principles of the pension management, which contribute to understanding of its essence, have been defined. It has been determined that consolidation of the State regulation and corporate governance in the pension sphere is a feature of contemporary methodological approach to creation of a pension management system. Particular attention is drawn to the fact that, in the pension insurance system, pension funds serve as the basic financial institutions, thus improving the control over them is an important task of the pension management. It has been determined that the structure of controlling the pension fund provides for the separation of operational functions and oversight functions, as well as presence of certain qualification and the accountability of the persons and entities, entrusted with exercise of these functions. Attention to this matter stays in the focus of the pension management.
Authors and Affiliations
Volodymyr Rudyk
Keywords
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