The Central Bank denied the words Golodets about the loss of future retirees


The Bank of Russia has denied the words of the Deputy Prime Minister Olga Golodets that the Russians lost for the year 2015 to 200 billion rubles information about losses from investment of pension savings in the amount of 200 billion rubles is not true, said the press service of the Bank of Russia in response to the request . Speaking at the Russian business Week on Wednesday, March 23, Golodets said that the losses of the Russians who have entrusted their future pensions to non-state funds, in 2015 amounted to 200 billion rubles, therefore, it is necessary to take measures to protect citizens. Later the press-Secretary of Vice-Premier Alexei Levchenko explained that it is the money which the citizens lost as a result of the fact that private funds inefficiently invested pension money in 2014. According to him, according to the OECD, in 2014 the average profitability from investing pension savings amounted to -7.4 per cent.

“By the end of 2014 citizens, pension savings managed by pension funds, received a total income of more than 60 billion rubles, which corresponds to an annual yield of 5.5%. In 2015, the industry, according to preliminary data, improved results — the total income amounted to 172 billion rubles”, — said the press service of the Central Bank.

According to the Bank of Russia for all history of existence of pension funds only once showed zero yield during the crisis in 2008. These losses were offset by increased revenues in the next two years (39%).

The Central Bank noted that the strategy of management of pension money for long horizon of investirovanie. “In this regard, attempts to assess the results of activity NPF on a narrow time period are incorrect and can mislead the public”, — said the press service of the regulator.