Pension funding

NACE v2.1 Code: L65.3

About pension funding

NACE code 65.3, 'Pension funding', represents a crucial industry within the broader financial services sector. This industry is responsible for the management and administration of pension funds, which play a vital role in providing retirement income security for individuals and ensuring the long-term financial stability of economies. Pension funds are a significant source of investment capital, channeling funds into various economic activities and contributing to economic growth.

Production process

The main production techniques in the pension funding industry involve the investment and management of pension fund assets. This includes the development of investment strategies, portfolio diversification, risk management, and the implementation of regulatory requirements. Pension fund managers utilize a range of financial instruments, such as stocks, bonds, real estate, and alternative investments, to generate returns for their beneficiaries.

Production inputs

The key inputs required for the pension funding industry include financial capital, skilled investment professionals, and a robust regulatory framework. Pension funds rely on the expertise of actuaries, investment analysts, and portfolio managers to make informed decisions and ensure the long-term sustainability of the funds. Additionally, the industry requires a well-developed financial market infrastructure, including stock exchanges, bond markets, and other investment platforms, to facilitate the investment of pension fund assets.

Production outputs

The primary output of the pension funding industry is the provision of retirement income to individuals. Pension funds collect contributions from employers and/or employees and invest these funds to generate returns that are then distributed to retirees as pension benefits. The outputs of the pension funding industry are closely linked to other NACE codes, such as 64.3 Financial asset management activities and 66.2 Activities auxiliary to insurance and pension funding.

Revisions to 65.3

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 65.3. The most recent 1 version of this code (65.3) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 65.3.

Older versions

Family tree for pension funding

    graph LR
    A["<a href='/classifications/nace/v2-1/L'>L: FINANCIAL AND INSURANCE ACTIVITIES</a>"]
A --> B["<a href='/classifications/nace/v2-1/L/65'>65: Insurance, reinsurance and pension funding, except compulsory social security</a>"]
B --> C["<a href='/classifications/nace/v2-1/L/65/3'>65.3: Pension funding</a>"]

    B --> D["<a href='/classifications/nace/v2-1/L/65/1'>65.1: Insurance</a>"]
B --> E["<a href='/classifications/nace/v2-1/L/65/2'>65.2: Reinsurance</a>"]

    C --> F["<a href='/classifications/nace/v2-1/L/65/30'>65.30: Pension funding</a>"]


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    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
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    classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



  %% Apply classes
  class A level1
class B level2
class C level3
class D level3
class E level3
class F level4

  class C highlight

  %% class A level1
  %% class B,C level2
  %% class D,E,F,G,H,I level2
  %% class J,K,L,M,N,O,P level3
  %% class C highlight