Central Bank identified the best keepers of the pension savings of Russians. They turned out to be non-state pension funds (NPF), follows from the message on the regulator website.
The average profitability of investing pension savings (cumulative part of the pension, six percent of the salary listed by employers) through the NPF in the first quarter of 2021 amounted to one percent, which corresponds to 4.1 percent per annum.
At the same time, the management company VEB, responsible for the means of “Molchunov” (citizens who were not determined independently with those who will manage their savings) earned 3.09 percent per annum on an expanded portfolio in January-March and 3.03 percent – on the portfolio of state securities.
Also, the Central Bank noted that the positive profitability of non-state funds managed to achieve, even despite the overall reduction in the cost of bonds. Thus, the index of corporate commitments in the first quarter decreased by 0.5 percent, which happened for the first time in three months.
Higher yield of the NPF compared with the WEBA control company is nonpicha for the retirement savings market. Since 2015, the trend has been the opposite. Thus, according to the results of the 2020, the NPF received an average yield of 5.2 percent, while VEB – 6.87 percent of the expanded portfolio and 7.95 percent of the state of the State Bombumag.
NPF yield to invest pension reserves (voluntary deductions of citizens) turned out to be significantly lower than on pension savings, and amounted to 0.4 percent, or 1.4 percent per annum.