ПОСТАНОВКА ПРОБЛЕМИ У ЗАГАЛЬНОМУ ВИГЛЯДІ ТА ЇЇ ЗВ’ЯЗОК ІЗ ВАЖЛИВИМИ НАУКОВИМИ ЧИ ПРАКТИЧНИМИ ЗАВДАННЯМИ

Abstract

This article examines the current state and main trends in the development of private pension insurance in Ukraine and defines the role of private pension funds and insurance companies in the pension insurance system. It justifies the need to transform the pension system in the context of demographic changes, particularly population aging, rising life expectancy, and increasing pressure on the pay-as-you-go level of pension insurance. It is determined that the traditional solidarity-based system is gradually losing its effectiveness, which highlights the need to develop alternative mechanisms for accumulating pension resources.

The article analyzes key indicators of the operations of non-state pension funds and insurance companies, their role in forming long-term investment resources, and their impact on the state’s financial system. It has been established that, despite a gradual increase in the number of participants and assets, the level of development of non-state pension insurance remains insufficient. The main constraints identified are the public’s low level of trust in financial institutions, citizens’ insufficient financial literacy, limited household incomes, inflationary risks, and imperfect state regulation.

The study identified areas for improving the private pension insurance system, including enhancing government regulation, encouraging long-term pension savings, developing corporate pension programs, and increasing financial literacy and public trust in private pension funds and insurance companies. Particular attention was paid to the digitization of the operations of relevant financial institutions, increasing the transparency of their operations, and ensuring adequate protection of pension savings. It is argued that the implementation of the proposed measures will help strengthen the role of NPFs and insurance companies in generating additional income for citizens of retirement age, reduce the burden on the pay-as-you-go system, and enhance the financial stability and social security of the Ukrainian population.