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- Title
INVESTING IN PENSION FUNDS AS SECURITY FACTOR IN THE THIRD AGE OF LIFE.
- Authors
Gordana, Vitanova; Gordana, Trajkoska; Dragica, Odzaklieska
- Abstract
Financial markets are the engine of market economies. These markets can effectively perform their functions through the operating of financial institutions. The main feature of these institutions is to mediate between the owners and users of funds. Private pension funds occupy especially important place among the institutional mediators in the financial markets. Private pension funds have become major participants in the financial market due to the huge amount of mobilized funds and their optimal allocation. The presence of these funds provides a guarantee for financial independence of the population living in the third age of life, on one hand, and on the other, affects the efficiency of the financial market in the country. Private pension funds in Republic of Macedonia began to function with the undertaken reforms in the pension system. Currently in the country operate private voluntary and mandatory private pension funds. This paper will do research on the perception of the population in the country for the reforms of the pension system, the functioning and importance of private pension funds and the benefits of investing in them.
- Subjects
NORTH Macedonia; INVESTMENT of pension funds; FINANCIAL security; FINANCIAL institutions; FINANCIAL markets; ECOLOGY
- Publication
Horizons Series A, 2014, Vol 14, p121
- ISSN
1857-856X
- Publication type
Article