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Individual Investment Accounts: Results of Introduction аnd Development Prospects

Yury A. Danilov – Leading Researcher of the Russian Presidential Academy of National Economy and Public Administration, Candidate of Economic Sciences (Moscow, Russia).  E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The article discusses the first results of the introduction of individual investment accounts in Russia. The place of this tool for organizing household savings in the range of available investment tools is considered, the patterns of choice of this tool are shown. Based on the analysis of the main indicators of development of this segment of the Russian financial market, it was concluded that this tool is successful and its rapidly growing popularity among Russian households. Formulated proposals to expand the use of this mechanism, including its active use as a tool for private pension savings. It is shown that as such a tool, individual investment accounts are more effective than the project of individual pension capital.

Key words: individual investment accounts, household savings, stimulating long-term investments, financial instrument, tax deductions, individual pension capital, «Long money», securities, investment tool, savings structure.