In an interview with the Minfin YouTube channel, Ruslan Magomedov, Chairman of the Ukraine National Commission on Securities and Stock Market, discussed the role of non-state pension funds (NPFs) in Ukraine’s three-tier pension system and highlighted limited access to reliable investment instruments as a key challenge for NPF management companies. He said NPF contributions remain the contributor’s property for life, regardless of job changes, stopping contributions or moving abroad, and framed preserving the purchasing power of savings by minimising inflation’s impact as the system’s central task. Magomedov also pointed to strict requirements and Commission supervision intended to protect citizens’ savings, and outlined proposals to channel investment into reliable corporate bonds and to stimulate equity-market development by listing shares of successful state-owned companies, citing elements of Poland’s pension reform as potentially adaptable to Ukraine.
Ukraine National Commission on Securities and Stock Market 2025-05-23
Ukraine National Commission on Securities and Stock Market chair proposes expanding corporate bond and equity market options for non-state pension funds
Ruslan Magomedov, Chairman of the Ukraine National Commission on Securities and Stock Market, highlighted challenges faced by non-state pension funds (NPFs) in Ukraine, particularly limited access to reliable investment instruments. He emphasized preserving purchasing power and proposed channeling investments into corporate bonds and stimulating equity-market development. Magomedov also noted strict regulatory requirements and supervision to protect citizens' savings.