Funded pension system will work in 2016 – Interfax

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Investment Declaration, according to which the NPF may invest, will adjust to the involvement of pension money into the economy

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Moscow. April 23. INTERFAX.RU – funded part of the pension system will work in full next year, told the Finance Minister Anton Siluanov.

“No innovation is not provided. Beginning next year, funded pillar pension will start. Will work pension funds that the Central Bank will be tested. This will create a system of insurance. Therefore, all the problems that were two years ago, will be resolved, “- he said.

At the same time to solve the problem of involving pension money in the economy will be adjusted investment declaration , according to which non-state pension funds can invest in stocks.

Russian President Vladimir Putin earlier doubted that funded pension system in its current form, effectively solves the problem of long-term investments. According to him, as long as this system to work, the money for economic development there almost did not take, instead they are used exclusively for the benefit of the Ministry of Finance, which produced the relevant debt.

“We are somewhat correct the NPF investment declaration, thus that this money could work not only to finance the budget deficit, but also to invest in stocks, bonds, financial instruments. Due to the fact that this money had been working more on the economy, “- said Siluanov.

“We are now important domestic investors. Pension savings – just such an investor, which will allow us to replace the restrictions on capital inflows, with which we are faced. There is a large domestic investors – will be pulled and corporate investors,” – the minister said.

According to him, on such investments can make good money by getting the yield above inflation. To assess the quality of assets in which to invest NPF can be used including the ratings of Russian rating agencies.

Earlier Thursday, Prime Minister Dmitry Medvedev said that the mandatory funded pension amount was decided to keep. He explained this decision by the need to have an internal source of “long” money based on closed markets foreign financial liquidity.

So, on Thursday was put an end to the debate about the fate of the mandatory funded pension, which was conducted a few months. For the abolition of funded pension advocated social block government economic bloc stand united for its preservation.