Challenges of pension fund investment in achieving legal goals

Document Type : Scientific research

Author

Ali Akbar Masoumi

Faculty of Humanities, Department of Law, Ahar Branch, Islamic Azad University, Ahar, Iran.

https://doi.org/10.22067/economlaw.2026.94404.1474

Abstract

In the last century, one of the main issues of concern for pension funds has been investment; many governments, realizing the importance of this issue, have established various legal mechanisms in order to protect the assets of pension funds in the investment process. Pension fund investments of any type have specific goals, including economic or social goals, and are mainly determined in each country acts. However, in some cases, funds may face challenges in achieving the goals predetermined in the laws and regulations for various reasons. Given that in the Iranian legal system, pension fund investments have been considered in various acts and regulations, but there are challenges in achieving some goals predetermined in the acts and regulations by pension funds, the current article examines the most important challenges of pension funds in achieving investment goals using a descriptive-analytical method and based on library studies. This article findings show according to documents approved by international organizations and acts and regulations in the legal systems of some countries, fulfilling obligations to insured persons, maintaining the stability of financial resources and profitability are the most important economic goals, and providing a system of payment of benefits commensurate with social dignity and responsible investment are the most important social goals of pension fund investment. In order to achieve them in the face of existing challenges, legal reforms, especially in the field of foreign investment are necessary.

Keywords

Portfolio

fulfillment of insurance obligations

resource sustainability

responsible investment

profitability

Subjects

• Social Security Rights

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