Economy Digitalization of Russia: Non-state Pension Funds and Their Social Orientation

The article deals with issues related to modern trends in digitalization and their application in the practice of investing from Non-State pension funds (NPF). The situation in NPF market has been analyzed, the questions of possible attraction of population’s savings in NPFs have been considered. Pension market competitive environment change questions have been analyzed and factors that can influence it have been determined: NPF consolidation processes, client service and client interaction competition increase. Nowadays most Russians are not passive citizens; they want to know the ways they can get additional income after retirement. We came to the conclusion that the major pension funds have begun consolidating and this is an ongoing process, major pension funds are more willing to participate in the long-term investment, the level of their social responsibility is growing and they are looking for the new profit sources and for the investment risks diversification improvement. The authors have proposed measures for overcoming the system restrictions. Expansion of permissible instruments for the Funds to allocate pension reserves and invest in the pension savings; insurance reserves allocation requirements improvement in situation of economy digitalization.