Opportunities for Digitalization of Non-state Pension Funds Through the Formation of Entrepreneurial Portfolios of Securities

Abstract

The research focuses on analyzing the impact of digital transformation processes on the investment activities of non-state pension funds to expand their client base. The digitalization of the economy in the field of non-state pension provision involves the use of information and communication technologies between the non-state pension fund and the contributor. However, as more conservative investors than other financial market participants, pension funds are more cautious in introducing digital technologies and products. As a result, there is a certain lag in the degree of their digitalization, which can lead to adverse consequences for the funds and their clients. Therefore, it seems important and timely to analyze this aspect of the activities of non-state pension funds, offering our own solution to the problem. The research was conducted on the data from an official statistical source – the Central Bank of the Russian Federation. The authors used general methods of scientific knowledge, induction, and deduction, as well as methods of mathematical analysis. The research proposes a methodology for forming entrepreneurial portfolios of financial assets by non-state pension funds, starting with a semantic model for grading future pension beneficiaries into four groups depending on the degree of riskiness of the pension portfolio. A mathematical model is applied based on the received semantic indicators. To increase the portfolio’s profitability, the authors propose its diversification into trading and investment components.