Profitable options to keep your pension

Insurance companies have declared their desire to participate in the state pension system, in particular, in the scheme for the formation of individual pension capital (IPC), Vedomosti writes. Insurers are ready to work with Russian pension savings under the same conditions as non-state pension funds (NPFs). But while the demand for this type of investment among the population is small.

According to experts, today it is more profitable to keep an accumulative pension in non-state pension funds than the Pension Fund since there is primarily a higher return. With a successful investment, the amount of savings can be significantly increased and in the future to increase the size of the pension. However, even the most reliable non-state pension fund cannot guarantee you constant stable income from investments. Therefore, when choosing a method of investing, financial experts advise you to pay attention to two main criteria: the profitability and reliability of the fund.

Profitability

The growth of accumulations in NPFs depends on profitability. The higher it is, the faster the funded part of the pension increases. But keep in mind that high-interest rates often turn out to be a kind of advertising, one of the ways to attract new customers. Rates are different, and the yield from year to year can vary significantly. And it often happens that the accrued interest only partially covers inflation. Therefore, if the NPF as a whole receives a small income from investing funds, then there may be a risk of loss of accrued interest.

"It is more profitable to keep a pension where a person himself considers it more profitable. The fact is that NPFs and PFRs are different funds. Everything is always conservative and calm in the Pension Fund of Russia - incomes will always be small, one cannot count on any hyper-large incomes from investing pension savings. The FIU is an extremely conservative investor, which cannot be said about NPFs. Such funds are interested in attracting as much money as possible, they have commission income from the amount of money that they have under their management, therefore they always show beautiful tracks, history of profitability, etc. But you always need to understand that with increasing profitability, risks also arise. Therefore, answering the question of who is more profitable - of course, NPFs, but pitfalls appear there, "says independent economic expert Anton Shabanov.

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A funded pension can also be entrusted to the state, then the FIU will transfer it to Vnesheconombank, and that, in turn, will invest it at its discretion.

"The funded part of the pension, which was not transferred to the Non-State Pension Fund, was automatically transferred to the management of VEB. According to statistics, the result of managing a state corporation was below the average level of NPFs. Over the past 5 years, the profitability of VEB’s expanded portfolio has turned out to be 28 out of 38 operating managers, over the entire history - 24. This result may be the result of VEB’s more conservative investment strategy, which involves placing funds mainly in deposits and bonds. We believe that for pension accumulation, the investor’s portfolio should be more aggressive, therefore investing with non-state pension funds may be more suitable, "says Vsevolod Lobov, head of the analytical department of the investment company Income.

As follows from statistics published by the Central Bank, the average return on non-state pension funds (NPFs) on pension savings investments for the first quarter of this year was 8.2% per annum, while the state management company, according to VEB's reporting, was 7.9% per annum.

"NPFs today show quite good returns. On average, it is higher than that of the PFR, since the state fund is not so effective in managing the funded part of the pension, "says Andrey Kochetkov, lead analyst at Otkritie Broker.

You can find out how successful the financial operations of a particular non-state pension fund are on the fund’s website and from the Bank of Russia reports.

Reliability

A reliable non-state pension fund should work in the market for several years. The older the foundation, the more reliable it is. It is also good if the founders of such a fund are large industrial enterprises, energy companies, or companies engaged in mining and transportation of minerals, or a large bank. Experts also advise paying attention to the number of pension reserves. Since it also characterizes the activities of private pension funds and indicates the financial viability of the fund in the event of adverse circumstances.

"In the PFR, the" silent people "keep the money and those who are not sure of the NPF. They believe that the state fund is the most reliable. But there are large funds where the yield is higher and the reliability is the same as that of the state fund. To determine the reliability of the fund, you should pay attention to its size. If it is small, then most likely such an NPF is not stable enough. There are large industry funds that represent the interests of large companies, including the state. Naturally, they will not pursue a risky investment policy. Plus you need to look at the stability of these funds. If the profitability is very high, then most likely this is very suspicious, from the point of view that such a policy is quite risky. If this yield is moderately higher than that of the PFR and the fund has been showing it for many years, then rather such a fund is quite reliable, "says Kochetkov.

A non-state pension fund must at least once a year provides its depositors with information on the status of their pension savings. If according to the reporting results, the depositor is not satisfied with the results of the NPF’s activities, then he can transfer his savings to any other NPF, either to a private management company or to the Pension Fund of the Russian Federation.