The Role of Automated Solutions in Improving Pension Benefit Calculations and Pension Asset Management
Year: 2024
Type: article
Abstract: This article explores the role of automated solutions in optimizing pension systems (PS) aimed at calculating pension benefits (PB) and managing pension assets (PA). The modern challenges faced by PS, including demographic changes and growing demands for financial resources, are analyzed. The use of advanced technologies such as artificial intelligence (AI), blockchain, and robo-advisors for automating processes, enhancing calculation accuracy, minimizing errors, and improving asset management is examined. The impact of automated solutions on increasing pension fund returns and reducing risks is analyzed. Examples of successful applications of automated systems are provided, demonstrating their significant superiority over traditional methods of managing PB.
Source: CyberLeninK (CyberLeninka)
Author: Nurdinova K.
Language: English
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6930388316
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