Many countries seek to improve their pension systems by introducing corporate and individual savings plans to address the challenges of demography, social security, and economy. However, the establishing of a long-term, reliable savings system encounters multiple impediments. The retrospective...

Despite 19 years of the existence of mutual funds in Russia, their performance and effectiveness remain not deeply investigated subjects. The deficit of academic research has a negative influence on the investors' and regulator's attitude towards the collective investment market in Russia. In...