NPF Magnit and its structure

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Today we will talk about NPF Magnit. Reliability rating, reviews and features of the work are described below. The project is an alternative for the formation of pension savings. The activity license was issued by the FFMS of Russia.

History of NPF "Magnit"

So, more details. NPF "Magnit" was founded in 1995 by the decision of the founders. Then the organization received the name "Virtue". Since then, the project has been providing non-state pensions to citizens.

Since 2006, the organization has been engaged in compulsory insurance. In 2010, the project was named Magnit. In 2014, the Board of the Fund decided to reorganize the company into a Closed Joint Stock Company. The conversion was completed in 2015

Management

The General Meeting of Shareholders is the highest body in the hierarchy of NPF "Magnit". The Board of Directors is a collegial management structure. He is responsible for the overall management of the business. The exception is the issues that are under the jurisdiction of the General Meeting of Shareholders. Operational management is carried out by the sole executive body - the General Director.

Activity of the lastregulated by the Charter and a separate Regulation. The company's office is located in the city of Krasnodar. The Fund has no representative offices and branches.

The activity of the company is controlled by the Bank of Russia. The project cooperates with NAPF. Internal control bodies include the Audit Commission and the Board of Trustees. Cooperation with VTB Specialized Depository is ongoing. The auditor is Faber Lex.

Programs

NPF "Magnit" provides mandatory pension insurance. The country has a two-tier pension system. It consists of accumulative and insurance parts. Let's look at the first level. The insurance part of the pension provides a person's basic income. It is a joint payment system. Contributions to it are paid by all employers for the people they hire.

Receipts are taken into account in the accounts of citizens, but are immediately spent on payments to current pensioners. Each employee on a separate account displays the obligation of the PFR to make accruals based on the amount of contributions, as well as indexation. You should also be aware of the formation of the second level. The funded part of the pension is also formed at the expense of employers' contributions.

The amount of payment in this case depends on the amount of contributions, as well as on the effective management of funds. It is about the annual interest on the amount. The FIU by default transfers funds to Vnesheconombank for management. Each employee has the opportunity to increase the size of the funded part of the pension by transferring funds to the management of a non-statepension fund.

At the same time, the citizen continues to participate in the state system of payments. In addition, such a transfer does not require additional costs. Several types of payments are made using the funds received.

First of all, we are talking about a one-time transfer of funds. An immediate pension payment is also made. The funded part of the old-age pension is being formed. In addition, the successor of the deceased insured person may receive funds.

NPF "Magnit" implements a separate program "Non-State Pension Provision". The NGO agreement allows the formation of personal reserves. Thus, it is possible to increase the size of the pension provision. The client of the NPF concludes an agreement with the fund. According to its terms, the depositor undertakes to pay contributions. The Fund accumulates them, invests the funds and pays an additional pension to the client.

An organization can be a contributor, employees of an enterprise can be participants. Cooperation of this kind is also being carried out with individual individuals. The latter can pay contributions in their favor, or at the expense of relatives.

In the case of non-state pension provision, the amount of payments depends on the amount of funds in a private account. It also takes into account the period of payments and their frequency. In the NGO system, the contributor directly decides how long it will take for participants to receive a non-state pension. The minimum is 5 years.

Reliability

The total profitability of NPF "Magnit" is kept within 11%. Reliability of investments is guaranteed by a strategy that is focused on exceedinginflation indicators and is based on the use of the safest possible financial instruments. The fund's assets are invested by Sberbank Asset Management, Premier League and Kapital.

Opinion

The activities of NPF "Magnit" are highly ambiguous. Reviews indicate that the company obliges its employees to become its customers. At the same time, a number of users note that after some time of work in the organization, you can transfer your savings to another company. It should also be said about the official website of the NPF "Magnit".

Customer reviews indicate that this resource is occasionally unavailable. There are complaints that representatives of the organization ignore requests sent. As for the positive aspects of interaction with NPF Magnit, user reviews are silent about this.