The Bank of Russia appreciated the result of investing pension savings of non-state pension funds (NPF) for the first six months of the current year. The corresponding press release is published on the regulator website.
The yield of investments in the second quarter turned out to be higher than in the first, but in the total for half a year it was 2.5 percent (5 percent per annum), which is lower than inflation. Pension reserves rose by 1.2 percent.
Median yield (half of the NPF showed a greater yield, and half – less), amounted to 2.6 percent in annual terms. The figures are indicated before the payments of remuneration to managers, a specialized depositary and fund.
Improving indicators in the Central Bank was tied with a more active growth in the stock market and the gradual restoration of the positive dynamics of the bond market. During the same period, the Mosbirji index rose by 19.3 percent (42.4 percent per annum).
In 2020, the NPF showed the yield greater than inflation, but in the current year the results worsened. However, since 2017 and pension savings, and pension reserves overtook inflation – 27.3 and 28.6 percent, respectively, against 20.4 percent.
previously became known that the State Duma was submitted to the bill, obliging NPF to restore pension accumulations to customers if they were illegally transferred to other insurance companies. To do this, the translation must confirm the court.