How did 2021 turn out for pension funds?
So, to begin with, I would like to clarify one important point - all ratings in our country are compiled on the basis of the data that funds publish in the public domain. However, such data only becomes available at the end of the year, so at the moment there is information about funds only for 2021.
If you believe the official information provided on the website of the Central Bank of Russia, then last year was very favorable for NPFs. There was an increase in the total volume of deposits by 3.1%; the volume of savings throughout the country amounted to more than 3.3 trillion rubles.
The trend towards “cleansing” the market has continued - weak companies have left it, leaving only strong ones that show good results in their activities and merge with other organizations to increase assets.
If a year ago there were about 77 non-state pension funds operating, then by the beginning of 2020 their number was only 37, with the top ten leaders remaining almost unchanged.
NPF VTB 24 - profitability and reviews of the pension fund
.. written by a person absolutely ignorant of the subject of pension funds. You should read the news before you write such comments, stupid! In the 11th year, all PFs had low returns due to the unstable situation on the securities market associated with changes in stock prices, etc.
After several attempts by specialists from the VTB non-state pension fund to persuade me to join the co-financing program, I agreed and transferred 12,021 rubles in 2021 using the details they issued. Now I repent. They warmly convinced me about the reality of receiving money in April 2021, May, June, then in October 2021. Then football began from them to the Pension Fund of Russia. Things are still there today.
How to choose a non-state pension fund for yourself, what are its advantages?
Most people have repeatedly heard that non-state companies licensed to provide pension insurance offer more favorable conditions than the Pension Fund.
By the way, if you don’t yet know what percentage of your salary goes to the pension fund, then we talk about this in detail here, be sure to read it.
The positive aspects of NPFs are as follows:
- you will be able to control the amount of your accruals in the future by participating in various savings programs,
- control account movements in your Personal Account,
- pass on your savings by inheritance, etc.
The main advantage is the ability to choose the organization that best suits you according to certain parameters. In this case, it is necessary to focus on the official ratings, which are compiled annually. You can read how to choose the right non-state fund to transfer your savings there.
We have collected original reviews on this topic here, reviews from real people, many comments, worth reading.
We can recommend that you focus on the lists compiled by the largest agencies in our country, these are the RA and the NRA. You can find them on the official websites of companies or by searching for “NPF Ranking”.
Profitability of NPF VTB
Dear client, in accordance with the legally adopted procedure for the transfer of an insured person from one NPF to another NPF or to the Pension Fund of the Russian Federation (Article 36.6-1. Federal Law of 05/07/2021
Of course, in such things as saving pension funds, the reliability rating of the funds is no less (if not more) important. Money for retirement is accumulated over decades, and you want to understand that the non-state pension fund in which the funds are invested is quite reliable and will not disappear at some point into nowhere. The Russian regulator itself, the Central Bank, is not involved in compiling such ratings, but there is a rating from the RAEX agency ("Expert RA"), which is considered quite authoritative and is not only recognized, but also recommended for use by the Central Bank of the Russian Federation itself.
Which funds offer the highest returns?
It is this indicator that clients most often pay attention to, and this is true, because it is these numbers that will ultimately determine the size of the pension you will receive. The more effective the company's investment policy, the more beneficial it is for you.
Where can I see these numbers? As a rule, they are taken from the official websites of the funds themselves, because according to Russian law, this information must be open to all users. At the end of the year, data also appears on the website of the Central Bank of the Russian Federation in the form of general reporting.
VTB Pension Fund: basic information
- address is Moscow, Vorontsovskaya street, building 43, building 1.
- Official website – vtbnpf.ru.
- Contact phone number – 4956686111.
- Hotline –.
- License – 269/2 dated 10/18/2021.
- Sign an agreement on mandatory pension insurance (compulsory pension insurance) with the VTB Fund.
- Submit an application to the Pension Fund for the transfer of the funded part to this NPF.
- Fill out a form at the VTB division to authorize your account. You need to have your passport and SNILS number with you.
- Enter your login and password on the website: https://web.vtbnpf.ru/index.php?from=main.
Ranking of NPFs by profitability of pension savings
Here is the ranking by profitability according to the Central Bank at the end of 2019:
- “NPF GAZFOND pension savings” – rate 9.12% per year,
- “Soglasie-OPS” – 6.83%,
- "NPF "First Industrial Alliance" - 6.82%,
- “Diamond Autumn” – 6.81%,
- NPF VTB Pension Fund – 6.81%,
- "UMMC-Perspective" - 6.62%,
- NPF NEFTEGARANT – 6.44%,
- "NPF Sberbank" - 6.36%,
- NPF Surgutneftegaz - 6.27%,
- "NPF "Defense-Industrial Fund named after. V.V. Livanov" - 5.83%.
How is a pension formed in Russia?
Citizens receiving “white” wages (official employment with annual contributions to the tax authorities and the Pension Fund of the Russian Federation) have the right, upon reaching retirement age, to receive benefits from the state - material, unlimited support. In 2014, the pension system in the country underwent a reorganization, and 22% of insurance contributions paid by the employer to the Pension Fund of the Russian Federation for each employee can be formed in the following ways:
- 16% are transferred to the insurance part for social needs, 6% are the employee’s savings contributions, which he can receive (taking into account indexation, if he transferred to a non-state pension fund) in a lump sum upon retirement or by dividing them into monthly payments;
- only the insurance part: 22% out of 22% possible (implies refusal to form a funded share (0%) with the voluntary consent of the citizen or uncertainty when choosing a non-state pension fund - “silence”).
If, in the case of the first option, the future pensioner only has to decide on a non-state pension fund (which one to choose), then if he refuses savings, he automatically transfers the contributions withheld by the employer to the state (becomes a “silent man” - a client who has not entered into an agreement with a non-state fund and has not taken advantage of his opportunity to increase pension amount).
Which NPFs are the most reliable and who can you trust?
This is the question that comes next after assessing the profit that can be obtained. Indeed, you should not pay attention solely to the rates; you need to comprehensively evaluate the institution to which you are going to entrust your savings.
How is the assessment done? This is done by special rating agencies, both Russian and foreign. They carefully study all the information that they can obtain both on the history of work and on the results of the NPF’s activities, and on the basis of all this data they award a rating that end consumers can rely on.
NPF reliability rating from RA:
- OJSC NPF Gazfond Pension Savings
- JSC NPF Sberbank
- "GAZFOND"
- JSC "NEFTEGARANT"
- OJSC "NPF RGS"
- JSC "SAFMAR"
- NPF Neftegarant
- JSC "NPF "Diamond Autumn"
- JSC National Non-State Pension Fund
- JSC NPF Surgutneftegas
All of them have an A++ rating, which indicates the extreme reliability of these organizations. This assessment positively indicates their ability to fully and timely fulfill their current and future obligations under contracts without taking into account external risk factors. A stable outlook means that the agency expects the rating to remain at the same level throughout the year.
Awards and ratings
An important factor in assessing the reliability of a pension fund is customer reviews, ratings from rating agencies, and analysts’ assessments.
In the RBC rating of “500 largest companies in Russia”, based on indicators for the last reporting period (September 2021), the FUTURE fund occupies 3rd position in terms of asset value.
Note! The RBC rating includes only 8 non-state pension funds out of 68 operating funds.
The RAEX agency ("Expert RA") assigned the rating ruBB to NPF "FUTURE" - a moderately low level of financial reliability, which means high dependence on negative changes in the economy.
According to the results of 2021, in Expert RA rankings, NPF ranks:
- 11th place in terms of capital and reserves;
- 18th place NPF in terms of pension reserves;
- 2nd place in terms of pension savings;
- 231st place according to the RAEX-600 ranking.
According to the national rating agency, NPF FUTURE ranks in the rankings of non-state pension funds as of the last reporting period (09/30/2017):
- 3rd place in the number of insured persons;
- 5th place in terms of volume of own property;
- 17th place in terms of the number of participants, behind NPF Blagosostoyanie;
- 3rd place in terms of pension savings;
- 19th place in terms of pension reserves.
TOP 10 according to the NRA, which is slightly different from the previous agency
How else can you evaluate companies that provide pension services?
If you have already studied information on the profitability of the investment policy of a non-state pension fund, learned its reliability from several agencies, but still cannot choose one of the funds, then you can turn to another indicator - the number of its participants. It is logical to assume that a large number of citizens who have given preference to one or another fund indicates that it offers truly favorable conditions.
In addition, the more people are insured by the company, the more money he receives, invests and increases accordingly. This is also an important plus when choosing between several institutions.
Pension programs of the Future Fund
After making changes to the procedure for calculating state pensions, NPF Future updated its product line. Today, the fund’s clients are offered three main areas: the formation of a funded pension, the compulsory pension program, and participation in corporate pension schemes.
The first option suits most investors. As part of this scheme, it is necessary to draw up an individual pension plan. The IPP is designed according to three parameters:
- investment period;
- frequency of payments;
- duration of pension payments.
A distinctive feature of the IPP of the Future Fund is the possibility of returning only 80% of pension savings in the event of termination of the contract for pension services during the first three years of joining the program. This point should be taken into account by investors who are interested in how to terminate an agreement with NPF “Future”. If you are not confident that you can leave your retirement money untouched for 5 years, choose a different investment strategy.
Rating by number of insured persons
- NPF Sberbank (JSC),
- GAZFOND pension savings (JSC),
- FUTURE (JSC),
- LUKOIL-GARANT (JSC),
- RGS (JSC),
- SAFMAR (JSC),
- VTB Pension Fund (JSC),
- Trust (JSC),
- JSC NPF Soglasie-OPS,
- JSC NPF Electric Energy.
Many people ask: why are not all accredited companies represented on these lists?
Let us explain: rating agencies assign ratings to funds on a contractual basis, i.e., for money. Therefore, these lists do not include all funds, but only those that paid for this service.
Thus, we have reviewed with you the most important ratings of non-state pension funds for 2021.
Question-answer section:
2020-06-23 17:13
Sergey
I would like to clarify for myself: the NPF “Blagosostoyanie” and “Future” funds are different legal organizations or not? Why do some ratings indicate one fund, and others another?
View answer
Hide answer
Consultant
Sergey, these are really two different organizations. There is NPF Future, which was previously called OJSC NPF BLAGOSOSTOYANIE OPS, and there is JSC NPF BLAGOSOSTOYANIE. The names are different
2020-03-16 13:04
Lyudmila
Hello! How can you transfer from a state pension fund to a non-state one if there is no fund office in the city?
View answer
Hide answer
Answered by Elena Sharomova, expert on credit and financial products
Lyudmila, you need to go to the official website of the fund you need and find the hotline number there. Call it and discuss the issue with a NPF consultant; very often it is possible to leave an online application for the transition directly on the website
2019-10-16 20:31
Alexander
Hello! I would like to urgently transfer my funds from NPF Bolshoy to NPF Gazfond. How to do it? The offices of NPF "Gazfond" are located only in the capitals and I live in the provinces.
View answer
Hide answer
Answered by Elena Sharomova, expert on credit and financial products
Alexander, you can call the Bolshoi Foundation hotline. There they will tell you, it is quite possible that the transition can be made using an application sent by regular letter to the head office
2019-10-23 09:01
Julia
I looked at the information about the status of the individual personal account of the insured person and found the following: the income for 2021 is more than for 2021, but the points are less, what is this connected with?
View answer
Hide answer
Answered by Elena Sharomova, expert on credit and financial products
Yulia, you need to ask this question to a representative of the pension fund to which you are a member. Perhaps you changed jobs, went on maternity leave, etc., all this affects your scores
2019-07-13 16:42
Lera
I, too, was lured by Sber when applying for a card, this was back in 13, and as a result, in all that time I haven’t heard anything at all from their NPF! Should they send some kind of notification about my account?? In fact, there is generally silence. Now I’m thinking about leaving them somewhere, 5 years have passed since the transfer anyway, I certainly won’t lose anything!
View answer
Hide answer
Answered by Elena Sharomova, expert on credit and financial products
Lera, according to the resolution of the Central Bank of the Russian Federation from 2015, non-state funds are no longer required to send information about the pension savings of their clients. All information is contained in your Personal Account on the website of the fund where you are a member
View all questions and answers ⇒
04/06/2019 Information about the authors | Category: Current | Pension funds
Why is NPF more profitable than Pension Fund?
The answer to this question lies in the essence of the activities of non-state pension funds and the state fund.
The Russian Pension Fund is an organization that pursues an extremely conservative policy of investing funds, putting stability rather than profitability at the forefront, especially after the pension reforms of past years.
And a non-state pension fund is, first of all, an active participant in the investment market, for which it is important to attract as many investors as possible, thereby increasing its commission income.
That is why in the Russian Federation, on the Internet and in the media, advertising campaigns of NPFs are always full of promises of significant dividends to everyone who grants the right to represent their interests in increasing the volume of pension savings.
But such profitability is guaranteed to lead to an increase in risks, since if the NPF chooses the wrong investment strategy, there is a high probability of this indicator decreasing, including to a negative state and the actual loss of the license to operate.
But it is important to understand that the activities of NPFs are closely monitored by the state and various rating agencies, and these non-profit organizations under no circumstances can reduce the amount of transferred savings.
That is, in the worst case scenario, clients can expect only the loss of possible benefits (dividends), but not a decrease in their own funds.
If we consider the activities of non-state pension funds in comparison with the Pension Fund, they have an almost identical structure, since the state pension fund is also engaged in indexing the funded part of the future pension (this is entrusted to Vnesheconombank), but in much smaller volumes.
Summarizing the above, we can highlight the following main advantages of NPFs over Pension Funds:
- The organization's interest in increasing savings and increasing profitability.
- Activities are strictly regulated by current legislation. For comparison, no other non-profit organizations are subject to more control than NPFs.
- An agreement is concluded between the fund and the client, which clearly delineates the rights and obligations of both parties.
- All funds deposited by the client are subject to mandatory insurance.
- Availability of a personal account where you can constantly monitor the activity of your own funds.
- The funded portion can be withdrawn in full upon retirement.
- In the event of the death of the investor before retirement, the funded part is subject to inheritance.
But unlike the stable investment policy of the Pension Fund, which does not strive to achieve a high level of profitability, but only adheres to the minimum threshold that allows it to cover inflation, the NPF conducts extremely aggressive investment activities with the risks already outlined above.
And as stated earlier, sometimes these risks come to fruition, as in 2021, where several organizations posted unprofitable financial performance.
NPF will be a good choice for those who are willing to take risks in the desire to increase their own savings, as well as for those who are ready to participate directly in this.
And the Pension Fund should be chosen because of its reliability and stability, which has been demonstrated for more than a decade.
