Private funds for the first time overtake the RPF in terms of pension savings – Russian Oil

«Oil of Russia», 27.07.15, Moscow, 09:45 However, in the state-owned company will be 17 million more people

The pace of the transition of citizens in the state pension funds (NPF) has accelerated this year compared with last year, and by the end of 2015 for the first time overtake NPF State Pension Fund Russia (PFR) by volume under their administration savings. This follows from the analytical help of the rating agency RAEX (“Expert RA”). According to the research company (have “News”), it will be accumulated in the NPF 1,8-1,85 trillion rubles of pension savings (including income from investment) against 1,7-1,75 trillion rubles to the Pension Fund. According to calculations RAEX, at the end of June the volume of pension savings in the NPF reached 1.65 trillion rubles, which is about 48% of the total. The number of citizens who are clients of NPF – 28.3 million people. The FIU was 1.8 trillion rubles of pension savings 51.9 million people, said the deputy director of corporate ratings RAEX Veronika Ivanova. The forecast takes into account the transfer of funds the agency of the RPF in the NPF in May 2015 in the amount of 399.2 billion rubles. These tools include employers’ contributions to the funded part of pensions of citizens in the second half of 2013, also including pension savings of those citizens who in 2013-2014 apply to the Pension Fund on the transfer of funds to a particular SPC. Recall that in 2013 in the framework of the pension reform authorities imposed a moratorium on the transfer of savings in the NPF as long as the funds do not become joint-stock companies and shall not pass an audit of the Bank of Russia (for participation in the system of guaranteeing the safety of pension savings). In this period the funds remain in the RPF. In May, pension funds were transferred to the funds that are included in the system of guaranteeing to March 1, 2015. According to the Deposit Insurance Agency, to this date have been made in the register of Fund 24.

As RAEX expect based on analysis of the rate of replenishment of APF, by moving people out of the RPF in private funds by the end of 2015 will go further 110-140 billion rubles. As a result, the amount of pension savings in the funds will be 1,8-1,85 trillion rubles, the FIU will 1,7-1,75 trillion rubles.

At the end of 2015 deadline, during which citizens has the right to take the initiative and keep the funded part of the pension. To do this until December 31 to apply for choosing a company to manage pension funds. The choice can be made in favor of one of the NPF or the state management company – Vnesheconombank (VEB), or in favor of a private asset managers (PAMs), which are accredited by the RPF. If the pension funds managed by Vnesheconombank, or PAA, their account is FIU. Of citizens who have not made their choice (the so-called silent types), EBV drives.

For those Russians, who until the end of the year and do not dispose of their pension savings, funded part of the pension will never be formed will not – contributions Employers at a rate of 6% (from wages) will go to the insurance / distribution part, but not funded, as it is now, and will be payable, including current retirees. Association of Russian Banks in mid-July, asked the government to extend the deadline to December 31, 2017.

According to the forecast RAEX, in 2015, from FIU to NPF transferred their savings of about 3-4 million people, and private pension savings funds will be 31-32 million people, the FIU rate reduced to 48-49 million people. Thus, if the private funds will overtake the state fund in terms of pension savings, the number of citizens in the private funds will continue to be lower than in the FIU.

This shows, as explained “Izvestia” in the NPF Savings Bank that opt NPF do those who “already has a decent savings for their retirement accounts and wages above the national average.” This means that the NPF choose more economically active and wealthy Russians.

The results of conversion of the campaign in 2014 were lower than 2012-2013, when their pension savings from FIU in NPF transferred about 11 million people. Last year, 5.9 million applications from citizens for the transition to the NPF staff offices FIU was approved only half (3.1 million) – they require that the request was personally filed a citizen in the department.

President National Association of private pension funds Constantine Ugriumov recalled that the choice of NPF was complicated because of the accession process in the system of guaranteeing funds. Member of the Board of Directors of NPF “sun. Life. Pension” Andrey Kulikov added that the pace of the conclusion of agreements on the transition to the NPF to significantly accelerate in view of the fact that in the spring of this year, the government has made a final decision to maintain the funded pension.

– In the past year, no one in the market did not have confidence in this. Now, when there is an understanding of prospects, all the major players are actively working with the citizens – said Kulikov.

In the first half of 2015, according to preliminary data FIU again marked increase in the number of citizens who transfer their pension savings NPF. On the positive changes in the funds and say: vice-president of sales and customer service NPF “Stalfond” Mary Kalinkin noted that there is an increase in fund inflows customers by 30-40% compared with the same period last year.

– Oiled start scoring system – where the living ruble was replaced by scores that remained beyond the understanding of the absolute majority of the people – the Russians boosted confidence in the activities of pension funds and responsibility in planning their future, – said Konstantin Ugriumov.

According to the CBA, in the I quarter 2015 in the top ten in terms of pension savings includes NPF “LUKoil-Garant” (152.5 billion rubles), “Welfare OPS” (114.8 billion), NPF Savings Bank (76 billion), NPF “Power” (74.1 billion), NPF “CSG” (71.8 billion), “VTB Pension Fund” ($ 70 billion), NPF “KIT Finance” (66 billion), “Gazfond retirement savings” (64.5 billion), “Promagrofond” (54.8 billion), NPF “Heritage” (50 billion rubles).

Tatiana Shirmanova Taras Undercut Read more on http://www.oilru.com/news/471268/