Agency on Financial Supervision presented action plan on pension system and securities market development

According to Y.Bakhmutova, the main purpose of the project is to implement measures aimed at solution of problems in the pension system.

"The action plan includes several aspects. The first of them regards modernization of the pension system regulation", the Head of the Agency said.

According to her, the measures suggest four directions. The first provides modernization of the domestic prudential regulation in the part of adjusting requirements for equities of pension funds and organizations engaged in pension assets investment management.

The second direction is improvement of the methodology of commission charges of accumulative pension funds. The third is introduction of a system of family annuities. The last one is modernization of the military pensions and pensions of workers employed on heavy work or work with harmful and dangerous working conditions.