NPF: which one to choose? Rating, reviews

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

The issue of transferring the funded part of future pension contributions to the best NPFs has been worrying Russian citizens since 2014, when changes took place in the Russian Pension Fund. Since 2014, pensions in Russia have been divided into two categories: funded and insurance contributions. And the working part of the country, upon retirement, had the opportunity to change their "fate": to refuse savings in favor of insurance or invest them by becoming a client of a non-state company.

How is the pension formed in Russia?

Citizens receiving "white" wages (official employment with annual deductions to the tax authorities and the Pension Fund of the Russian Federation) are en titled to receive benefits from the state upon reaching retirement age - material indefinite support. In 2014, the pension system in the country went through a reorganization, and 22% of the insurance premiums paid by the landlord to the Pension Fund of the Russian Federation for each employee can be formed in the following ways:

• 16% are transferred to the insurance part for social needs, 6% are the employee's funded contributions, which he will be able to receive (including indexation, if he made the transition to the NPF) at a time upon retirement or by breaking them down into monthly payments;
• only insurance part: 22% out of 22% possible (implies refusal to formfunded share (0%) by the voluntary consent of the citizen or uncertainty when choosing an NPF - "silence").

If in the case of the first option, the future pensioner only has to decide on the NPF (which one to choose), then when he refuses to save, he automatically transfers the contributions withheld by the employer to the state (becomes a "silent person" - a client who has not concluded an agreement with a non-state fund and did not use his opportunity to increase his pension).

Who has the right to transfer the funded part of the pension

Not all citizens of the Russian Federation can make the transition to the NPF, saving 6% for investment according to the profitability of a non-state company:

• those born before 1967 do not have the opportunity to change the amount of the insurance part, they have access to private programs concluded as part of the co-financing of pensions, which can be connected to at the Russian Pension Fund office or from private companies;
• The rest of the age categories have the right to choose: remain "silent" or take the future into their own hands by studying the NPF profitability rating and choosing a fund that inspires confidence.

All citizens of the permissible age category (who turned no more than 49 years old in 2016) could use the right to transfer until December 31, 2015. For those persons who, from January 1, 2014, transferred contributions to the FIU to the OPS for the first time, the state extended the selection period until the end of 2018. And if their age at the time of the transition was less than 23 years, then the transition permit is retained until reaching the pension age."of legal age".

How does the Pension Fund of the Russian Federation differ from non-state firms?

Doubting the NPF (which one to choose in order to get the maximum income and confidence in receiving a pension), clients of insurance companies forget that, unlike non-state funds, the Pension Fund of the Russian Federation guarantees annual indexation of contributions to inflation. Whatever the financial situation in the country, the insurance pension will be paid in full with accrued interest.

NPF does not guarantee 100% that the income calculated upon signing the OPS agreement will remain the same during the indexation period. Yield ratios depend on the number of clients, the size of the financial portfolio, the total amount of pension payments to fund participants and external economic factors: the level of inflation, competition in the market, pension reforms (since 2015, the Central Bank has taken NPFs under special control). A private company, in case of stable development, provides a chance to increase savings by several times or get a "bare" amount of withheld contributions (with a negative return).

NPF-2016 rating by profitability principle

The higher the yield of a non-state fund, the more attractive it looks in the eyes of the client. The best NPFs (top 5) that guarantee the highest investment percentage for the analyzed period (taking into account average annual indicators):

1. JSC Livanov OPF (12.9%).
2. "European PF" (12.4%).
3. "Ural Financial House" (11,4%).
4. "Education and Science" (11, 1%).
5. "Education" (11%).

The NPF profitability rating on the basis of savings looks different:

1. CJSC "Promagrofond" (17.3%).
2. "Consent" (12.7%)
3. "Magnet" (12, 2%).
4. "European PF" (10.9%).
5. "Savings Fund" (10, 2%).

Yield ratings allow you to decide on the choice of NPF, the accumulative coefficient of which will meet the expectations of the insured.

Which NPF is the most reliable?

When choosing a private pension company, the reliability of NPFs, determined by the firm's voluntary participation in the rankings of independent agencies, plays an important role.

Expert RA and National RA were recognized as the most influential analytical agencies in the field of pension provision.

List of NPFs that have been assigned an exceptionally high (A++) level of reliability by "Expert RA":

• "Diamond Autumn".
• "Atomgarant".
• "Welfare".
• "Welfare EMENSI".
• "Big".
• "Vladimir".
• "VTB PF".
• Gazfond.
• "European PF".
• "Keith Finance".
• "National".
• "Neftegarant".
• "Gazfond pension savings".
• "Promagrofund".
• "SAFMAR".
• "RGS".
• "Sberbank".
• Surgutneftegaz JSC.

Rating agency "National" has published its list of NPFs, which are financially strengthened (AAA), and responsible for obligations to depositors.

It includes 9 companies, 6 of which are recognized as the most reliable by two agencies:

• "Welfare".
• "European PF".
• "Keith Finance".
• "Neftegarant".
• "RGS".
• "Sberbank".

In addition to those listed in the rating by Expert Ra, OJSC Telecom-Soyuz, the non-state fund Electric Power Industry and OJSC Lukoil-Garant are also among the 9 most stable organizations investing pension savings.

Rating of the most "client-centric" non-government funds in 2015

The opinions of future pensioners who signed an OPS agreement with a non-state company put pressure on potential clients of the fund. Negative online reviews left by NPF clients make depositors think about leaving an unattractive fund that has received complaints from insurance contract participants.

GPU and NGO oriented companies earn the trust of contributors and enjoy the status of "customer-centric".

"Voice" of customers - Top 5non-state funds 2015:

1. "European PF" (3, 8 out of 5).
2. "Future" (3, 2 of 5).
3. "Welfare" (2, 9 out of 5).
4. Kit Finance (2, 6 out of 5).
5. "Promagrofund".

Of subsidiary banking companies, the non-state fund of Sberbank became the leader in terms of customer service quality in 2015, accounting for more than 14% of the market and 243.3 billion rubles of pension savings (1st place).

Additional information worthy of attention when choosing a non-state pension fund

If, after analyzing all the ratings, there is still no answer to the question "Which is the best NPF? Which one to choose?"

First, the age of the private firm. Although newcomers in 88% of cases offer more attractive conditions (yield from 10% and the possibility of an agent leaving the house), experience in the insurance business plays a role. Among the funds leading in the lists of reliability and profitability, there are no "beginners" who have been operating for less than 3 years. This is not "hazing", but he althy competition and a policy of "retention" (maintaining client flow at the level of the previous period with a high satisfaction index), and not attracting new faces at any cost (deceit, understatement).

Second, the convenience of online services. The "personal account" of the participant in the GPT agreement must have a practical interface (large icons,Russian-language menu, understandable to a novice user) and provide maximum access to information (contract features, history of operations with NPP). Comfortable remote service means that the client does not need to visit the branch.

Third, the number of customers. When 500 thousand or more citizens wished to use the services of a private person, this speaks not only of the successful work of insurance agents, but also of trust in the fund.

The choice has been made: how to transfer pension savings to NPFs?

If the issue of the activities of the NPF (which one to choose for transferring the LF pension) has already been resolved, then the employees have another problem: how to transfer the pension to a non-state fund?

In order to conclude an OPS agreement with an NPF, you must contact the office of a non-governmental organization at the place of registration. Of the documents with you, you only need a passport and SNILS. After completing the documentation, the client is given a copy of the agreement confirming the desire to transfer pension savings from the Pension Fund of the Russian Federation to the NPF.

But for the final transfer of NPP to another fund, confirmation is required from the Pension Fund of the Russian Federation. This can be done in several ways:

1. During a personal visit to the Pension Fund of Russia, filling out an application form with consent to the transfer.
2. After confirming by the phone number specified in the OPS agreement (or upon "feedback" from a specialist of the NPF contact center).
3. By sending consent via email or SMS.

In 2016, 25% of non-state funds (for example, NPFs"Sberbank") offer to confirm the agreement on the transfer of NPP "without leaving the office": when registering an OPS, the client receives an SMS message with a code within 2-5 minutes, which must be reported to the manager. The employee enters the code into the program - and the application is automatically sent to the FIU. Re-confirmation and a personal visit to the Pension Fund of Russia are not required.

Nuances of transition to NPF

You can transfer pension savings to any fund that offers services for concluding OPS and NGO agreements. The transition process takes 1 year: after signing the agreement, the savings are transferred to the NPF after a year after the paperwork is completed. All insurance premiums withheld by the employer and interest accrued by the previous company are transferred (provided that 5 years have passed since the conclusion of the previous contract). If the client terminates the contract ahead of schedule (less than 5 years), he loses dividends, receiving only insurance premiums from the employer (their amount cannot be reduced, since they are paid without fail by all officially working citizens by deducting amounts from wages).

You can transfer savings between non-state funds and the Pension Fund of the Russian Federation no more than once a year.

NSPF license - what is it?

Since 2015, the Central Bank began "cleansing" non-state funds, the number of which increased every year by dozens of companies. Organizations that do not fulfill their obligations to contributors (whose pension savings did not allow payments to all clients) and violate the deadlines for providingreporting, were deprived of the right (perpetual license of NPF) to engage in insurance activities in the financial market of the Russian Federation.

At the end of the year, 89 funds received a license, the list of which is presented on the official website of the Central Bank of Russia.

NPF's license was taken away: what should clients do?

In case of cancellation of the fund's license, the client is given the opportunity to transfer his savings to another private company. If you refuse to choose another NPF, pension savings will by default be transferred to the Pension Fund of Russia, with the preservation of 6% of the NPF.

In the framework of Law No. 422-FZ, which regulates the rights of insured persons when concluding an OPS in the Russian Federation, following the results of 2015, 32 NPFs entered the system of guaranteeing NPP. This means that the pension savings of citizens indexed by the PFR or NPF (protected by the "Deposit Insurance Agency") are guaranteed by the state.

Moratorium on CIT 2014-2016: when to wait for indexation?

In 2016, the Government confirmed the extension of the moratorium on NPP investment. The reason is the crisis, forcing the state to save on the savings of citizens.

The ban on the formation of the prescribed 6% for investment, according to financial analysts, will be extended to 2017 - until the market and the Russian economy stabilize.