Friday, August 14, 2015

The Central Bank will transfer to November FIU accumulation of seven APF group Motylev – RIA Novosti

MOSCOW, August 14 – RIA Novosti / Prime. The Bank of Russia no later than October 30, 2015 will transfer to the Pension Fund of Russia (PFR) pension funds of citizens insured in seven NPF, which is associated with market participants Anatoly Motylev, the regulator said in a statement.

Bank of Russia earlier annulled the license of private pension funds, “the sun. Life. The pension”, “Adekta-pension”, “Uraloboronzavodsky”, “Protecting the Future”, “solar time”, “Savings Fund Sunny Beach “and” Savings “. Central Bank of the owners of these funds is not specified, but market participants are referred to their controlled Anatolia Motyleva as a group of banks led by “Russian credit”, deprived of licenses in July.

Individuals who received pensions in these funds, will get them to the FIU. Pension fund in turn transmits the received funds from the Central Bank in trust management company Vnesheconombank state for placement in an investment portfolio “Advanced”. At the same time all insured persons have the right to choose a new insurer.

Applications submitted by citizens in 2013-2014 on the transfer of pension savings funds to cancel the license and pre-satisfied FIU remain without consideration.

The Bank of Russia appealed to the arbitration court for compulsory liquidation of the funds that have been revoked license. The powers of the executive bodies of the funds suspended funds assigned temporary administration without the consent of which is not permitted disposal of their property.

Central Bank assesses the portfolio of pension accumulations of APF to 50.3 billion rubles, of which according to preliminary estimates of illiquid assets – 35.6 billion rubles, earlier told RIA Novosti the press service of the regulator.

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