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Reducing the number of existing pension funds

Reducing the number of existing pension funds Reducing the number of existing pension funds said Bank of Russia. Experts believe that in a few years, the number of non-state pension funds (NPF) from 134 reduced by half. Consolidation of the market and promotes all the new funds now create just a nobody and no reason. Yesterday the Central Bank of the Russian Federation published a review of sub-sector insurance companies and private pension funds (NPF) for the year 2012. If in 2005 on the pension fund market worked 261 by the end of 2010 the number dropped to 149. Experts predict a market economy that will continue to work no more than half of the current number of APF. The new funds are now virtually created. Over the past three and a half years, only one has been issued a license to operate on non-state pension provision. At the end of December last year was registered NPF «Siberian regional», April 1 the amount collected by him pension reserves amounted to 8.3 million rubles, reported by the newspaper «Kommersant». «The new fund will be able to begin its work in the sector, having collected 20000 retirement accounts and worked for two years as part of non-state pension» — said the deputy director of the Institute of Social Security Dmitri Alexeev. In addition to the above, choosing the NPF, respondents rate the reliability and duration of the fund in the market. Therefore, it is advisable for potential investors to acquire control of the Fund with the story, you can create a new one from scratch. As a result, pension funds pass from hand to hand (recently — mostly to financial groups) and their number reduced.

Eugene Zhitnikova, RIA «VladNews»

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