ASSESSMENT OF THE ACTIVITY EFFECTIVENESS OF NON-GOVERNMENTAL PENSION FUNDS IN MODERN CONDITIONS

The pension system, as an element of the social sector of the economy, affects both the social processes and the functioning of the economic infrastructure, primarily through the use of its investment potential. The task of ensuring the effectiveness of the NPF is to minimize losses in times of crisis and maximize the opportunities for excess returns in a rising market while maintaining the ability to discharge obligations to participants when contributions from investors are not received. Despite the social aspects of their activity, NPF can operate consistently only if the return on investment is received in the long term, the availability of which is not guaranteed. This paper presents quantitative analysis of NPF activity, development of criteria and methods for assessing outcomes of NPF financial performance, taking into account the result of the funds’social activity.