THE INFLUENCE OF ENVIRONMENT ON NON-GOVERNMENTAL PENSION FUND MANAGEMENT

Abstract

The article substantiates the idea that non-governmental pension funds (NPF) can be considered as systemic formations, open systems that implement a continuous exchange of financial, information and other streams between NPF and the environment. The author concludes that for the purposes of effective management of the fund it is not enough to be aware of, but also to predict the impact of environmental factors on the activities of the fund that may be both negative and positive. Among the environmental factors special attention is paid to economic factors which form primarily the macro conditions of the fund.