Non-state Pension Funds as Participants of Investment Process and Their Social Responsibility

Valishina, M. E.; Valishin, E. N.

The article deals with the peculiarities of investment activities of non-state pension funds (NPFs) as an institutional investor, its social responsibility. Institutional participants in the asset management market, can play as medium-term funding sources. Their interest in infrastructure projects, as revealed by the study, is associated with the fact that such projects have long-term, stable profitability, although not the highest in the investment market. The authors analyzed the experience of investing in infrastructure projects by non-state pension funds. The analyses of institutional investments in infrastructure projects confirmed that institutional investors, NPFs in particular, have enormous resources and are successful investors. Creation and support of non-State pension provision is a form of business social responsibility expression. The system ensures participation of the State, as well as of the employer and the citizen, in the development of a decent standard of living, thus affecting the organization and implementation of effective social protection for pensioners.