Pension funding

NACE v2.0 Code: K65.30

About pension funding

NACE code 65.30, 'Pension funding', represents a crucial component of the financial services industry. This sector encompasses 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 worldwide. Pension funds serve as important institutional investors, channeling capital into various asset classes and contributing to the overall development of financial markets.

Production process

The core activities within the pension funding industry involve the collection of contributions from employers and/or employees, the investment of these funds in a diversified portfolio of assets, and the subsequent distribution of pension benefits to retirees. Pension fund managers employ various investment strategies, including portfolio diversification, risk management techniques, and asset-liability matching, to optimize the long-term growth and stability of the fund.

Production inputs

The primary inputs required for the pension funding industry include the financial contributions from employers and/or employees, as well as the expertise and resources of pension fund managers and administrators. These professionals leverage their knowledge of financial markets, investment strategies, and regulatory frameworks to effectively manage the pension funds. Additionally, the industry relies on a range of financial instruments, such as stocks, bonds, and alternative investments, to generate returns and meet the long-term obligations of pension beneficiaries.

Production outputs

The primary output of the pension funding industry is the provision of retirement income security for individuals. Pension funds distribute regular payments to retirees, helping to ensure their financial well-being during their post-employment years. The outputs of this industry are closely linked to other NACE codes, such as 64.20 Life insurance and 66.22 Activities of insurance agents and brokers, as these sectors often work in tandem to provide comprehensive financial planning and retirement solutions.

Revisions to 65.30

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 65.30. The most recent 1 version of this code (65.30) is in the NACE v2.1 system:

This page shows a legacy version of code 65.30 ( NACE v2.0).

Newer versions

Related ISIC Codes

These isic codes are related to this econ code: (65.30).

ISIC code ISIC Version ISIC title
6530ISIC v4.0Pension funding

Related CPC Codes

These CPC codes are related to this econ code: (65.30).

CPC code CPC Version CPC title
71312CPC v2.1Individual pension services
71313CPC v2.1Group pension services

Family tree for pension funding

    graph LR
    A["<a href='/classifications/nace/v2/K'>K: FINANCIAL AND INSURANCE ACTIVITIES</a>"]
A --> B["<a href='/classifications/nace/v2/K/65'>65: Insurance, reinsurance and pension funding, except compulsory social security</a>"]
B --> C["<a href='/classifications/nace/v2/K/65/3'>65.3: Pension funding</a>"]
C --> D["<a href='/classifications/nace/v2/K/65/30'>65.30: Pension funding</a>"]

    
    

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    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
    classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
    classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    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 level4

  class D 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 D highlight