The Ukraine National Commission on Securities and Stock Market published a presentation of a draft law that would reform the non-state pension system and support development of Ukraine’s funded pension system. The draft, prepared under the FINMAR project, would align Ukrainian legislation with European Union rules and international financial market standards, including by implementing European directives on occupational pensions, strengthening protection for third-pillar pension savings, and creating a framework for further expansion of funded pensions. The presentation also set out a new model for managing pension assets through a pension company with corporate governance and internal control arrangements. It included a mechanism to convert existing non-state pension funds into voluntary pension funds under the new regulatory model. Issues identified for further discussion include guarantees for pension scheme participants, cross-border activity, and the tax treatment of pension funds.
Ukraine National Commission on Securities and Stock Market 2026-05-14
Ukraine National Commission on Securities and Stock Market presents draft pension reform model including new pension companies and fund conversion
The Ukraine National Commission on Securities and Stock Market published a draft law to reform the non-state pension system and develop Ukraine’s funded pension system, aligning legislation with EU rules and international standards and strengthening protection for third-pillar pension savings. The draft introduces a new pension asset management model via pension companies with corporate governance and internal controls, converts existing non-state pension funds into voluntary pension funds, and flags guarantees, cross-border activity and tax treatment as issues for further discussion.