Индивидуальные инвестиционные счета - новый инструмент российского финансового рынка

Г.К. Девлет-Гельды, А.А. Армидонова

Гуманитарный вестник

# 3·2016

Individual investment accounts as a new tool

of the Russian financial market

Bauman Moscow State Technical University, Moscow, 105005, Russia

The article considers a new product of long-term fund investments of the population –

individual investment account. We describe its features, show strength and weakness;

give schemes of investment tax incentives:

a deduction for the amount of the annual con-

tribution to an individual investment account and exemption from payment of income tax

The article reports on

forecasts and prospects for promotion of individual investment

accounts in the Russian financial market

Keywords:

financial market, personal investment account, tax deductions, investment

schemes

The financial market — is the most important sector of the Russian

economy on which depends increase of global competitiveness of Russia,

acceleration of economic growth, implementation of long-term investment

projects, increase of level and quality of life of the population. However

now the financial market of the Russian Federation can't compete with the

financial markets of the developed countries. According to the World eco-

nomic forum which annually determines a rating of the countries by the

leading economic indicators on a factor "Development of the financial

market" Russia takes the 95th place from 140 possible, on a factor "Pro-

tection of minority investors in the financial market" — the 66th place.

The world bank estimating the level of protection of minority investors on

10 to a mark scale has appropriated to Russia 5,7 points in this rating that

is significantly lower than a rating of not only economically developed

countries of the Common economic space, but also BRICS countries. These

circumstances as recognizes the Bank of Russia, [1] indicate acceptances of

the effective measures directed to increase of efficiency and stability of the

financial market in general and protection of minority investors in particular.

Now the vulnerable parties of the financial market are insufficiency of

sources of financing both from private and corporate investors, and from

the state, the low level of corporate management the infrastructure organi-

zations, the high level of abuses in the financial sphere. But the main prob-

lem of the financial market consists in the fact that the population of the

country prefers to store the savings in commercial banks in the form of the

deposits combining high interest rates, reliability of deposit insurance by

the state and the habitualness and availability of this banking product re-

maining from Soviet period. The relation of deposits of the population to

GDP has made 27,2 % in the end of 2015. The Bank of Russia considers

this indicator rather low even in comparison with such developing coun-

tries as Chile (47,6 %), the Republic of South Africa (39,9 %), Indonesia