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Key features of assessing the value of non-state pension funds in the context of reforming the Russian pension system

ID number: J201998

Abstract: The article presents an analysis of the features of assessing the value of private pension funds in Russia. The current topic of the article is supported by the fact that in the context of the reform of the pension system there is no generally accepted methodology for assessing the value of NPFs. An additional factor determining the relevance of the topic is the growth of sector consolidation, which stimulates the development of common standards for assessing NPFs. An analysis was made of the possibility of applying a comparative approach to assessing the value of NPFs, deals with NPFs for the period 2016 - 2019 were considered. and analyzed the change in the P / A multiplier for transactions for this period. The article highlighted the features of applying the income approach to the assessment of non-state pension funds, namely the basic principles of cash flow forecasting.

Key-words: private pension fund, valuation, income approach, financial institutions, pension system, pension reform, pension reserves, retirement savings

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