Mykhaylo Malyovanyi

PhD, Assoc. Prof.

Department of Finances and Credit

Uman National University of Horticulture

Uman, Ukraine

ECONOMIC AND STATISTICAL ANALYSIS OF DEVELOPMENT

OF NON-STATE RETIREMENT INSURANCE SYSTEM IN UKRAINE

E-mail: mihaiiiil@mail.ru

Kateryna Melnyk

PhD, Assoc. Prof.

Department of Finance and Credit

Uman National University of Horticulture

Uman, Ukraine

E-mail: melnyk@ukr.net

ABSTRACT. The analysis of the development of non-state retirement insurance system for the period 2005-2012 is done in the article. Performed computations indicate a significant decrease in the development pace of the NSPF after 2008, which manifests both in absolute and relative indices. It is found that one of the important causes of development pace retardation is reduction of rate of return of NSPF. Close correlation between the net value of pension assets unit (NVU – index that reflects NSPF returns) and their size using an analytical grouping was proved. Correlation and regression analysis of the impact of selected factors on NVU of non-state pension funds (NSPF) of Ukraine was conducted. The author made a comparative analysis of quantitative and qualitative indices of NSPFs included in Top 10 and other market participants, which showed the superiority of NSPFs over all analyzed parameters. The main variation indices of investment activity of NSPF of Ukraine during 2008-2012 are determined. The main problems of further development of non-state retirement insurance system in Ukraine are outlined.

Received: January, 2014

1st Revision: April, 2014

Accepted: May, 2014

DOI:10.14254/2071-789X.2014/7-2/9

JEL Classification: G23

Keywords: non-state retirement insurance, non-state pension fund, investment income, net value of pension assets unit, correlation analysis, regression analysis.