Custodial management of pension savings: Russian and foreign experience of leading countries
Abstract
The article reveals the specifics of custodial management implementation of pension savings and its further improvement. The need for the latter is due to some key factors: increasing financial security of pension savings, introducing the latest technologies, effective differentiation of the investment portfolio, and the country economic situation. The purpose of the research is to study the foreign experience of organizing and conducting custodial management of pension savings and applying it in practice in Russia. The main problems inherent in the Russian pension system have been identified: insufficient transparency in the activities of custodial organizations and, as a result, the need to improve reporting, lack of highly qualified personnel, and the need for modern automated technology introduction. The analysis for the experience of foreign countries (USA, Cana-da, the Netherlands, Australia) has shown the main advantages in organizing and conducting their custodial management of retirement savings. Based on this analysis, the recommendations and suggestions for Russia are presented. The results obtained con-firmed the need for improving the Russian system of custodial management of pension savings in the field of increasing transparency in the activities of such organizations by improving accountability, educating and training highly qualified personnel, and introducing the latest automated technologies.
About the Authors
M. N. Lavrov
State University of Education; Gnessin Russian Academy of Music
Russian Federation
Russian Federation
Candidate of Economic Sciences, Associate Professor, Head of the Department of Financial, Economic and Business Education of the State University of Education, Associate Professor of the Department of Performing Arts Production of the Gnessin Russian Academy of Music
Moscow
E. V. Semenkova
State University of Education
Russian Federation
Russian Federation
senior lecturer
Moscow
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Review
For citations:
Lavrov M.N., Semenkova E.V. Custodial management of pension savings: Russian and foreign experience of leading countries. Vestnik of Samara State University of Economics. 2025;1(11):121-128. (In Russ.)
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