European Pension Fund rate of return by year. NPF rating of Russia. List of non-state pension funds

More and more Russians are striving to increase their future pension and are choosing the option of forming a funded pension in non-state pension funds. This factor is justified, because it can significantly increase the amount of the benefit.

The employer pays monthly to the Pension Fund 22% from the wage fund (official wages) an employee. Of these deductions, 6% go to the solidary tariff (for the formation of a fixed payment, etc.).

• If a citizen settled on an insurance pension, then the remaining 16% go to its formation.
• If I chose mixed, then from total amount of transfers 10% is spent on the formation of insurance payments, and 6% - on the formation of a funded pension.

Accordingly, Art. 11 and Art. 15 Federal law No. 360 " On the procedure for financing payments from funds pension savings "Dated 30.11.2011. savings are personified and, unlike the solidary system, are paid only to the person who contributed them. Cumulative pension payment formed from insurance premiumsthat are paid by the employer and contributions on a voluntary basis, as well as through their investment.

In 2018 insurance premiums for OPS, which employers pay for their employees, go to formation of only insurance pension - this is caused by a moratorium on pension savings, which was extended until 2020.

How to choose an NPF for the funded part of the pension?

To obtain highest income from investing pension savings, you need competently approach the choice of NPF. central bank RF publishes data on profitability on the official website non-state funds, respectively, who need to choose the most promising of all.

The most important criteria to pay attention to when choosing:

• Age of NPF and main indicators... First of all, you need to look at the date of creation of the NPF. Choose funds created before the 2002 pension reform. If the fund was established in 1995 and has been operating to this day, this is already an indicator of reliability, since this NPF was able to survive several financial crises... You also need to pay attention to the main indicators of the fund: the volume of reserves and pension savings, the number of clients.
• Founders... The most reliable are funds, the founders of which include large representatives of the economic sector involved in the transportation and production of oil, gas, minerals, large electric power and metallurgical enterprises and others.
• Profitability.If in nPF reliability can be seen from the above parameters, then with profitability it is much more difficult, because there are two yields:

• according to the Federal Service for Financial Markets (FFMS) - the main controlling body of NPF;
• according to the fund itself.

The values \u200b\u200bprovided by these two sources may differ. IN reliable NPF real profitability (credited to clients' accounts) is usually 0-3% less than the official profitability from investing funds of savings or reserves, data on which can be found on the website of the Federal Financial Markets Service or the Central Bank.

It is also worth looking at the indicators of profitability in relation to the number of clients: 11% per annum with 900 thousand clients is more indicative than 35% per annum with 130 clients. You should pay attention not only to the profitability for the previous year, but to the total long-term profitability.

Reliability rating "Expert RA"

Agency specialists "Expert RA" developed a system of classes to determine this indicator, in accordance with which the reliability of non-state funds is assessed:

Profitability statistics of NPF of Russia

NPF is a market participant that has a large accumulation of funds that increase every year, while, if for a long period, their profitability is on good level, then this will be the best model for managing accumulated funds, in which a good pension is provided to people.

According to the Central Bank, the top five models for several recent years includes fairly well-known funds:

1. Sberbank.
2. The trust.
3. Steelfond.
4. Lukoil-Garant.

They all consistently make a profitand what is very important, their long-term profitability has overtaken inflation. The data shows that every client who has invested in the popular European Fund has doubled their funds over the past 6 years, increasing the well-being of the people. And one of the largest in terms of investments, PF Elektroenergetika, consistently brings profit, but it is more modest than the inflation rate, the result of the state-owned VEB (Vnesheconombank) is slightly lower.

Rating of the number of insured persons

It seems that the more insured in the fund, the better. But to judge NPF by this criterion alone is not entirely correct, it is better to do it in total with ratings for profitability and reliability for a certain period, preferably 5 years.

The best NPF funds in terms of profitability and reliability in 2018

If you choose the 5 best NPF, then you need to pay attention to the ratio of profitability and reliability. The top five looks like this:

1. NPF Gefest (JSC)... It gives 14.21% of the income for invested savings, but it does not participate in the rating on the Expert RA scale.
2. NPF Almaznaya Osen (JSC)... With a stable A + reliability rating, the return on investment is 11.94%
3. National NPF (JSC)... The yield is slightly lower - 11.83%, but at the same time it is reliable. According to experts, it has an A ++ rating.
4. UMMC-Perspective. In 2017, he accrued income of almost 11.28% per annum, he was assigned an A ++ rating. Consequently, even in unfavorable situations, the likelihood remains that he will fulfill his obligations.
5. NPF First Industrial Alliance showed 11% return on investment and was assigned an A + rating.

In 2015, all future pensioners had to decide on the fate of the funded part of the pension. The government decided not to extend the right to choose citizens for 2016, which caused quite a stir. Many citizens were in a hurry to transfer their funds to government funds.

Pension funds became the leaders in attracting new clients Sberbank, Consent and The trust... Currently, about 30 million Russians (more than a third able-bodied population) transferred the funded part of the pension to the NPF. By the way, this is a kind of voting of the most capable citizens on the issue of funded pension.

Attention, the website has a more recent NPF Rating 2017

The general distribution of insured citizens by NPF as of June 2016 is as follows:

Table 1

Note: The table takes into account only the number of insured under the mandatory pension insurance (OPS).

The gain has not been calculated for the funds that have passed the merger procedure.

As you can see from the table, not all funds have increased the number of clients. Many of them have experienced significant churn.

It is interesting to compare the number of insured under the MPI with the indicators of fund management, and at the same time compare it with the 2015 NPF Rating.

What has changed in 2016?

First of all, citizens no longer have the opportunity to transfer the funded part of their pension from the Russian Pension Fund to non-state pension funds.

The inflow of new funds into the funded part of the pension remains frozen. Recall that the funded pension system was first frozen in 2014. Unfortunately, the complexity of the economic situation in Russia does not allow us to hope that the situation with the funded part will change in the near future. Moreover, a lot says that this part of the pension will no longer be replenished at all. Thus, it is quite reasonable to treat funds in NPFs as a certain starting amount of investments, which will increase only due to the results of investments. This means that when choosing a fund, fairly high requirements for the quality of management should be made. Even more important in such a situation is at least not to lose money due to annual inflation.

Comparison of fund management performance this year is difficult due to the numerous merger processes that have not yet been completed. Let's say NPF SAFMAR united several funds at once: Trust, Education and Science, European, Regionfond and Raiffeisen. Another important merge is NPF Future... It combined NPF Welfare and Stalfond. When analyzing these funds, we proceeded from the optimistic assumption that the standards for managing the funds of the OPS will correspond to the best indicators of the funds included in the group. Therefore, to analyze the activities of NPF SAFMAR, we took the statistics of the management of NPF Evropeyskiy. As historical data for NPF Future, we took the statistics of the Steel Fund. Of course, this approach is not ideal, so we recommend that you treat the funds that have undergone the merger procedure more carefully.

Rating methodology

As such, the ranking formula is now based on the longest overall management period since 2011 (6 years). Most of the operating funds and those included in the guarantee system have such a history of work. In addition, the rating formula for this year takes into account the profitability for the last 3 years (since 2014).

Data on the results of NPF management were taken from the Central Bank website. Profits prior to 2011 were not included. Atomfond NPF, Avtovaz NPF and Akvilon NPF were not included in the rating due to the lack of statistical data for the period of 2011-2016.

It can be noted that the proposed comparison is essentially a rating of APF profitability, that is, such an indicator as reliability was not taken into account in the formula at all. This is another difference from the previously used techniques. The fact is that since 2015, a pension savings insurance system has been operating in Russia. Its principle of operation is similar to that used for bank deposits... The only difference is that NPFs do not insure the income part (accrued interest). In this regard, the NPF reliability rating already seems irrelevant.

NPF rating

table 2

Real profitability shows the final management result after deducting inflation.

The top three included NPF Consent, SAFMAR and Society... Close enough to them in terms of indicators is NPF Trust... As you can see from Table 1, all these funds (except for NPF Socium) are quite large - with the number of insured over 1 million. NPF Socium has 243 thousand people. The funds were highly appreciated due to the consistently high level of return on the horizon of 6 years and 3 years at a time. In this regard, NPF SAFMAP and Socium stand out. They are leaders in both spans. The Concord Fund showed the highest rate of return over a 6-year period - 12.4%. However, over a three-year period, this fund was not the leader in terms of profitability (but showed profitability significantly higher than inflation).

Interestingly, the leaders in terms of the number of insured - NPF Sberbank and Future (Stalfond) got a score of zero, because the results of their management are worse than inflation at all considered time intervals. It can be noted that even the state-owned VEB showed higher results at all periods of time than Sberbank. The question is, why was it necessary to transfer the accumulative part there? Thus, a sharp increase in the number of insured persons in NPF Sberbank is more the result of marketing than good management of savings.

In general, it is useful to compare the results of managing your NPF not only with inflation but also with the state fund (VEB). This gives a good picture

The "victim" of the application of the new technique was NPF Gazfond (leader of reviews and years). The fact is that the results of the management of this NPF in 2014 and 2011 were rather weak and did not allow the NPF to bypass inflation either for 6 years or for three years. The significant rearrangement of this fund in the ranking is primarily due to the fact that the high historical profitability was achieved due to the periods not included in the accounting (2009, 2007, 2005). Nevertheless, it seems correct to “cut off” the hard-to-verify data that are not present in the Central Bank's statistics for all funds.

The results of NPF management over the years can be found below. For all NPFs, the real profitability was calculated (i.e. profitability minus inflation).

Table 3

Note: VEB management data for 2016 corresponds to the first half of the year.

A complete table with the parameters of fund management for the period 2011 - 2016 is attached. The table includes the following information:

• Standard deviation of NPF returns (risk)
• Annual real return over 6 years
• Annual real return over a 3-year interval
• Number of insured 2014, 2015, 2016
• Increase in the number of insured 2014-2016

IN Russian Federation there are numerous non-state pension funds (NPF). And choosing the right one is a responsible and difficult business, one must take into account reliability and profitability rating NPF of Russia 2016 according to the statistics of the Bank of Russia.

To facilitate this task, we have prepared a list of the 10 most highly profitable non-governmental pension funds RF. The yield rating is determined on the basis of information disclosure on the official website of the Central Bank of the Russian Federation, and the reliability rating is based on the data of the Expert RA agency.

One of the veterans of the pension market (born in 1993). Its contributors can be not only individuals, but also legal entities... The percentage of the average annual return on deposits is 9.87, and it does not participate in the Expert RA rating.

The rating of NPF 2016 is continued by the “Big Pension Fund”, which appeared in 1995. Now it serves an asset of 500 thousand people and has an exceptionally high reliability rating (A ++). This means that, with an extremely high degree of probability, the fund will fulfill its obligations to clients, even if economic conditions will be unfavorable. The Bolshoi yield is 10.35%.

"Magnet" is not only a network of popular stores, but also the name of an NPF with a recognizable white and red logo. Since 2009, it has a time-unlimited license Federal Service by financial markets and slightly surpasses the previous participant in the top 10 in terms of average annual profitability (10.36%). Does not participate in the reliability rating.

The main areas of activity of this fund are compulsory and voluntary pension insurance. He also implements state. a program of co-financing of pensions by investing pension reserves and increasing the funded part of clients' labor pensions. The average yield is 10.5%. No data on reliability.

A non-state pension fund that has existed since 1995. It added to the 2016 rating with good results both in terms of profitability (10.5%) and reliability (the highest rating A ++). One of the "richest" funds in Russia in terms of one of the main indicators for any NPF - the volume of pension reserves (asset 15,349 thousand rubles).

Open to individuals and legal entities and has representative offices in 13 russian regions... Offers one of three dimensioned schemes pension contributions: solidarity, with payments in the period from 2 to 30 years or with lifetime payments. The average annual rate of return is 10.99%. The reliability rating is in the “withdrawn” status, which means that the NPF did not want to update its indicators.

The fund implements state. pension co-financing program, offers services for the creation and management of the funded part of the pension and voluntary pension insurance. Russian statistics on the profitability of deposits - 11.08%, reliability rating - A (high).

Initially it was known as NPF Parma, then in 2007 it was renamed into Ural Financial House. A careful investment policy and high yield (11.38%) make this fund one of the best in Russia. Does not participate in the reliability rating.

Conducts a conservative investment policy... Clients' funds are mostly invested in bonds, securities and stocks. It has a high reliability rating (A) and a high annual return (11.94%).

1. SAFMAR (formerly the European Pension Fund (JSC))

Leads best funds Russia. The absolute favorite in terms of profitability - 12.43% and has the 1st place of reliability (A ++). In the last quarter of 2015, the fund's pension savings amounted to 57.7 billion rubles. Based on the results of 2009-2014, the pension savings of the fund's clients doubled.

Reliability and profitability table of NPF of Russia 2016

« A ++»- The highest level of reliability;
« A +» – High level reliability;
« A»- Normal reliability;
« C ++»- Low level of reliability;
"-" - Rating is not assigned by the agency;
« withdrawn»- the data is not updated.

According to the FIU today in our country80.7 million people form pension savings. Of themin non-state pension funds (NPF) - 31 million citizens, in private management companies (MC) - 0.5 million citizens, in the state management company (GUK) Vnesheconombank - 49.3 million citizens.

Those who decide to form a funded pension can do it through:

1. The Pension Fund of the Russian Federation, by choosing either a management company (MC), selected by competition (with which the Pension Fund has entered into an agreement trust management funds of pension savings), or one of investment portfolios the state management company (GUK) - Vnesheconombank.
2. Non-state pension fund (NPF), which carries out compulsory pension insurance activities.

The consequences of the formation of a funded pension in management companies (MC) with an analysis of their profitability, we in detail . Plet us analyze the second option of forming a funded pension, when a citizen entrusts its formation to one of the NPFs.For this we use official data,posted on the website of the Central Bank of the Russian Federation in section "The main indicators of the activity of non-state pension funds for the compulsory pensioninsurance. " only for those NPFs that as of May 2016 are included in"Register of non-state pension funds - participants in the system of guaranteeing the rights of insured persons".

We chose as the criterion for compiling the rating profitability which NPF showed(according to the Central Bank) in the period from 2013 to 2015Unfortunately, there is no reliable official information on the profitability of APFs for earlier periods. The numbers that leadabout its profitabilitynPFs themselves cannot be taken seriously, since they are of an advertising and campaigning nature and oftenhave nothing to do with reality.

Figures of profitability of 37 NPF in 2013, 2014 and 2015 (return on investment of pension savings)shown on the left (first three columns). Based on these data, the right side of the table was calculated with the generalized average annual values \u200b\u200bof the profitability indicators. This made it possible to compare NPFs with each other, as well as to compare their profitability with the level of inflation and indexation of insurance pension capitals in the PFRF. Pfull calculations are given in the appendix. The ranking results are shown in the diagram.

As you can see, only 9 NPFs out of 37 (24% of the total number) managed to overcome inflation, the average annual level of which for the last three years was 8.6%. And only one of them, the European Pension Fund, managed to "bypass" the level of indexation of insurance pension capitals in the PFRF.

Does this mean that the best NPFs managed to save the accumulative pension capitals of citizens from depreciation and that it became no less profitable to place their pension capitals there than to form insurance pension? Not at all. There is one important "nuance" that is not mentioned. NPF, demonstrating its effectiveness. Namely - from the received investment income future pensioners get only 70-80%. The fact is that from 20 to 30% of income goes to pay for the services of management companies with which the NPF has concluded agreements on investing pension savings, to pay for the services of a special depository and to "maintain" the NPF itself. As a result, according to experts and analysts, only 70-80% of the income received will remain in the pension accounts of citizens.yes. Taking this circumstance into account, the picture changes dramatically and shows that it is less profitable to form a funded pension in an NPF than an insurance pension in an NPF. The diagram below illustrates the real average annual "profitability" on pension accounts of citizens who form a funded pension in NPFs. As you can see, from the point of view of ordinary "depositors", none of the APFs "won" not only the PFRF, but also inflation by its level of profitability from investing pension savings.

The general picture of the comparable profitability of investment of pension savings by non-state pension funds with the rate of inflation and indexation of insurance pension capitals in the Pension Fund of the Russian Federation is illustrated by the diagrams below. The upper one shows the publicly declared profitability of the NPF, the lower one - the real profitability for the participants of the accumulative pension system - citizens who have placed their pension savings.

rating table

* Data of the Central Bank of the Russian Federation

** Calculated based on data from the Central Bank of the Russian Federation

All working citizens are required to contribute part of their salaries to the pension fund. At the same time, pension money can be transferred for safekeeping to both state and private funds. But how do private foundations work? What does the rating of non-state pension funds look like? And which NPF are the best? Below we will find out the answers to these questions.

What are NPFs and how do they work?

Non-state pension funds (NPF) are special organizations that are engaged in the formation, accounting and payment of pension savings. The activities of these organizations are regulated by the laws of the Russian Federation, as well as The Civil Code... In terms of their characteristics, NPFs are very similar to state funds similar to them, which are involved in the pension sector. Their functions are as follows:

• Payment of pension savings.
• Accounting moneythat are on the client's account.
• Investing your clients' money in reliable projects that should definitely pay off.
• Formation savings clients, taking into account the income that was obtained during the investment.

The economic model of the functioning of the funds is as follows:

• Individuals and legal entities do pension contributions to a non-state pension fund.
• This money is used to form a funded pension.
• Also, this money can be used as an investment. It should be understood that such investment is aimed at obtaining additional profit, and the objects investment activities only super reliable projects can come forward, which will certainly pay off. Also, investment is regulated by the relevant laws of the Russian Federation, which impose rather stringent requirements on investment objects. Most often, the money of non-profit pension funds is invested in bank stocks, government bonds, real estate etc. After making a profit, all money is evenly distributed among all clients.
• The activities are strictly controlled by various supervisory agencies. Various commissions, actuaries, specialized depositories, auditors and other persons who are hired by the state to control the activities of non-state pension funds can act as controlling persons. If, as a result of the audit, it turns out that the company has invested money in dubious projects, then this campaign will be punished according to the law.

Reliability

The activities of NPFs are monitored by special rating agencies, as well as by the Central Bank of the Russian Federation. These organizations evaluate each fund in terms of such parameters as the number of clients, growth, the availability of publicly available information about the company's investment operations, the regularity of payments, the presence of proven cases of fraud, and so on. As a result of the assessment, each NPF is assigned a special rating, which indicates the reliability of this or that non-state pension fund, and all organizations are collected in a special rating of pensions in terms of reliability. When compiling the assessment, the period of operation of NPFs is also taken into account: new companies (for example, Ingosstrakh, Neftegarant AO and others) never have high reliability ratings - in order to get good rating, they should work for a long time and show good results. Reliability ratings have the following meanings:

• A ++ and A + grades. These ratings are assigned to reliable and ultra-reliable funds that continue to invest and pay back even in the event of severe market fluctuations. Statistics show that such funds rarely disappear.
• Grade A. This grade is given to reliable companies that invest in smart projects and consistently pay pensions to their clients, and their economic policy weakly dependent on market fluctuations.
• B ++ and B + grades. Organizations with a satisfactory level of reliability receive such ratings. The activities of such organizations are subject to market fluctuations; the number of problems in case of receiving payments is minimal.
• Grade B. This grade is given to companies with a satisfactory level of reliability. The activities of such organizations are highly dependent on market fluctuations; there have been cases of fraud and / or refusal to pay.
• C ++ and C + scores. These tokens are received by companies with a low level of reliability. These companies have bad economic indicators and often delay payments to their clients.
• Grade C. With a very low level of reliability. Such companies constantly delay payments and / or are on the verge of bankruptcy. The forecast and numerous studies show that funds with such an estimate are very often closed.
• Score D. This score is given to organizations that have been declared bankrupt (however, it should be understood that very often the state "rescues" the clients of such companies if their deposits were insured).
• Score E. This score is assigned to those who have gone through bankruptcy and were liquidated.

The best NPF

To make life easier for retirees, we have compiled a list of the best non-state pension funds in terms of reliability. Let's now take a look at the 5 best NPFs that you can trust:

• Lukoil-Garant. Many experts believe that this is the best NPF to date. The organization was founded almost 25 years ago, and it serves more than 3 million clients (which is about 14% of the total market). The total amount of savings is more than 240 billion rubles. Over the entire period of work, no serious cases of deception or fraud were recorded. Reliability rating - A ++. Also, Lukoil-Garant has many industry-specific awards.
• Surgutneftegaz. The company was founded almost 20 years ago. It is one of the most profitable in Russia (the annual yield for this NPF is somewhere around 11-13 percent). The total amount of savings is about 11 billion rubles. Rating - A ++. In some cases, clients can independently engage in investing and making a profit.
• "European". The company was founded over 20 years ago. The average annual profitability is about 14-15% (this company is the leader in average annual profitability among all NPFs). A separate investment plan is created for each client. The rating of the company is A ++.
• Sberbank. The company was founded over 25 years ago, and this fund serves more than 1 million people. Has good indicators of average annual growth. This fund (in comparison with others) is the richest - the total amount of savings is more than 350 billion rubles. The company regularly publishes its financial reports... NPF reliability rating - A ++. This company is also involved in the banking sector.
• "Promagrofond". The company was founded over 20 years ago; the total number of clients is more than 2 million people. Has good indicators of average annual growth. The total amount of savings is about 70 billion rubles. Current rating - A ++.

Best in terms of money

Let's now find out what the TOP-10 non-state pension funds (NPF) looks like in terms of the amount of funds. Such a rating of non-profit NPF looks like this:

Best in yield

According to the Central Bank rating

Also, the activities of NPFs are assessed by the Central Bank. The Central Bank approaches the assessment of funds a little differently: when compiling a rating, the main criteria are the availability of insurance, as well as the amount of cash (while the company's growth, profitability and some other parameters are poorly taken into account). According to the Central Bank of the CF, the national rating of NPFs looks like this: Sberbank is in first place, followed by such funds as Doverie, Evropeyskiy, StalFond and Lukoil-Garant.

How to become a client?

To become a client of an NPF, you must conclude an agreement with this company. Before concluding a contract, a person must choose an investment program and a payment model, discuss the terms of termination of the contract, and so on. After signing the contract, you need to provide the company with a pension certificate, insurance certificate and passport. After that, a special account will be opened, where the person will deposit his pension money. After opening an account and crediting money, the fund has the right to dispose of the money at its own discretion, in accordance with applicable laws and regulations.

It should also be understood that there are actually 2 types of pensions:

• Minimum pension. This pension consists of all the money that the person transferred to the NPF account. Regardless of the economic health of the company, a person can qualify for this minimum pension (it should also be remembered that usually such pensions are insured, so in the event of bankruptcy, the state will be able to pay the person his money).
• Actual pension. This pension consists of all the money + income that has been earned through the investment. The rule here is simple - the higher the profitability, the more profit the company receives; the more the company's profit, the more money will be transferred to each pensioner. If things go badly for the company, then the size of the actual pension may decrease (therefore, it is necessary to take a responsible approach to the choice of NPF), however, it should be remembered that even in the event of bankruptcy of the company, its investor can claim a minimum pension.

Conclusion

Now you know how the NPF rating looks like and which NPF is the best. Let's summarize. NPFs are special private funds that are involved in providing pensions to citizens. NPF employees can invest money in various projects, and all the profits received will then be redistributed among all clients of the fund (interest of pension funds is paid along with the basic pension). To reduce the likelihood of unfair investment, the activities of all funds are regulated by special laws. Examples of good ones are Lukoil-Garant, Sberbank, Gazfond and others. Anyone can become a client of the fund; for this, he must study the ratings of NPFs, select a company and conclude an agreement with it.