All Pension Fund approved the transfer of pension savings of 7.58 million people, a million of them lost investment income. Adopted in 2013 law retirement savings can be transferred from the Fund to the Fund no sooner than every five years if the citizen wants to preserve the accumulated investment income. The Fund could change more often, but in this case, investment income retained by the previous Fund and the new Fund translates the value of savings.
“The pension savings of citizens, which in the period 2012-2015 have started to build retirement savings or in this period have already translated the pension accumulation from one insurer to another, transferable from one pension Fund to another investment without income for 2015 and without replenishing loss of investment,” — said the official representative of the FIU Marita Nagoga. The loss of citizens because of early transfer, prior to the FIU, the $ 3.8–4 billion roubles, Of which about 2 billion rubles was left in the Pension Fund, said ngoga.
According to estimates FIU, about half of the applications received in 2015, were from “undecideds” who decide to withdraw their money from the state — 3,14 million to Switch from one NPF to another decided 3,99 million, 149 thousand and I decided to return the pension accumulation in PFR.
“Information about Pension Fund losses citizens in 2015 is not quite correct, because not all non-state funds are still reported on the generated investment income for the 2015 year”, — says adviser to the head of the National Association of pension funds Valery Vinogradov.
At the end of 2015 private pension funds registered high demand from citizens for transfer of savings. For example, the largest savings Fund — NPF of Sberbank — the number of applications from individuals has increased by half in the last week of 2015. According to the official representative of “KIT Finance NPF” Elena Yamshikova, in December the number of hits on the Foundation’s website has tripled, and the number of appeals to call-center — five times. The excitement was caused by the government’s decision not to renew the right to choose their insurer for 2016.
According to the law, citizens younger than 1967 year of birth must have been before the end of 2015 to decide how they will shape your retirement. Those wishing to save for retirement had to write the statement for transition in PPF or stay in FIU, but to indicate that 6% of their contributions they are going to accumulate. Those who are not informed of their intentions, have lost the right to pension in the future, and 22% of the deductions will be for them to go into the distribution system.
Under current law, to obtain under the management of pension funds can only pension funds that are included in the insurance system the Deposit insurance Agency. Now the figure is 35, and they account for more than 90% of the market of compulsory pension insurance. As previously reported , in non-state pension funds that are included in the guarantee system of pension savings, by the end of 2015 will be transferred to 259 billion rubles. 27 NPF, working in the market of obligatory pension insurance, is still not included in the guarantee system. “These funds must be a minimum of 49,4 billion rubles of pension savings, but the high probability that these pension funds lost for the citizens,” said the FIU.
On Wednesday, 23 March, Deputy Prime Minister Olga Golodets said that the citizens who have entrusted their future pensions NPF in 2015 lost 200 billion rubles due to inefficient investment of such funds. The press-Secretary of Vice-Premier Alexei Levchenko said that it was about the losses in 2014 when, according to the OECD, the average return from investing pension savings amounted to -7.4 per cent. Later, the Bank of Russia has denied the information impressed on the losses, saying that 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.