Rating of private pension funds for. Rating of the most reliable private pension funds in Russia

Investing in your future is the basis of motivation for the investor. This is especially true for long-term strategies related to retirement capital. The topic of non-state pension funds has been raised more than once on the blog. But since I published an article on, a lot has changed in the market. The rules of the game in this sector are so often reviewed that the assessment of the future investment result requires constant updating. In today's review, based on new data, we will analyze the following questions:

• What problems have accumulated in the pension system;
• NPF or PFR: what to choose;
• What to expect from the pension system.

Problems in the pension system

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The state pension insurance system is a problem that has arisen not today. The number of able-bodied people is declining, and dependents of old age are growing. In Russia, the situation is exacerbated by distrust of the state pension system. I admit a situation in which income from a pension fund may not be enough to pay out. A typical case: in 2017, the government chose to save about 150 billion rubles by replacing the indexation of pensions with a one-time payment of five thousand rubles. VEB’s economic forecast has already included an increase in the retirement age since 2020. Judging by the deplorable state of the pension budget, this forecast is likely to come true. The demographic situation with an aging population is also pushing for such a decision. Before analyzing the problem, let us recall what NPF is.

A non-state pension fund is a legal entity with the status of a non-profit organization that deals with the accumulation and management of pension assets. The NPF manages the funds of investors in the framework established by law. For money management, NPF receives a remuneration of 8-15% of investment income. More than 90% of all pension savings, excluding PFR, are in the top 15 largest private pension funds.

Let me remind you that the future pension from 2002 is divided into 2 parts: insurance and. Of 22% of employer deductions from the payroll fund (payroll fund):

• 16% goes to the insurance part, for current payments of pensions through the FIU;
• 6% - to the funded part, which is accumulated in the personal account of the insured.

By default, the funded part is sent to the PFR, where it is managed by VEB Management Company (Vnesheconombank). A citizen is given the right to choose a management company within the same FIU or transfer the funded part to a non-state fund.

Until the end of 2015, each insured had to make a choice:

1. Do nothing and become “silent,” that is, agree that the funded part is combined with the insurance in the FIU. VEB is investing in conservative papers - blue-chip stocks mortgage portfolios.
2. Transfer the funded part to a private NPF. This choice was made by about 35% of working Russians. This percentage is increasing year by year.

In 2014, a moratorium on the funded part was introduced, which will be valid until at least 2020. Because of this, NPFs have lost a significant part of their income. According to reports (DIA) 34 NPFs left the market and owed 96 billion rubles to creditors and future pensioners. 30 are in the process of liquidation, of which 5 have signs of intentional. That is, in addition to state policy, the poor management of some funds affected the effectiveness of the pension system. At the time of this writing, there are 66 operating funds with a license in the market. This is two times less than in 2012.

NPF or PFR: what to choose

Most of you have already decided on the choice of accumulation method. It remains for me to give some recommendations regarding the current state of the pension system. But first, we compare the FIUs and NPFs according to two main criteria:

Profitability

According to the results of 2016, which is considered super profitable for the Russian stock market, the yield of NPFs averaged about 11%. VEB's average return on a portfolio of government securities and an expanded investment portfolio amounted to 10.53% in the same year. In the 1st half of 2017, VEB's yield fell to 8.8% per annum. 20 out of 66 NPFs show an investment result below VEB, but the industry average continues to outpace it. The gap between the returns of the PFR and NPFs is narrowing and there is no global difference in this indicator now. Due to the low level in 2017-2018, both the private and state pension funds will most likely be able to get ahead of it.

The risks

In terms of government guarantees, the FIU looks like a less risky investment. On the other hand, since 2015, NPFs have the opportunity to enter the system of guaranteeing the rights of insured persons, an analogue of the DIA. 38 NPFs are members of the Deposit Insurance Agency. But, in the event of bankruptcy, a private pension fund may lose accreditation. The accumulated funds will be reimbursed by insurance payments and transferred to the FIU. At the same time, factors that undermine citizens' trust in the state cannot be ignored:

• lasting 4 years freezing of the storage part;
• non-transparency of pension system reform;
• transfer of accounting for savings in the FIU from cash to point form.

In the case when the funded part joins the insurance part as a result of freezing, we are not talking about investing in principle. Savings are indexed in accordance with the inflation rate only virtually. Outwardly, it looks better than the possible losses of NPFs, especially during periods of economic recession. Opponents of the funded system (for example, Deputy Prime Minister Olga Golodets) talk about the risks of bankruptcy of NPFs. However, in a situation where the government almost annually changes the principles of forming pension savings, the risks of remaining “silent” are hardly less. It is especially worrying that today no one can say how much the points accumulated on the account will cost at the time of retirement.

Arguments in favor of a private pension fund

1. The further, the more it becomes obvious that the financial model of the FIU is gradually becoming obsolete. The state has less money, indexing does not cover the depreciation of pensions.
2. The ever-changing rules for accounting for pension contributions to the FIU present new surprises.
3. In the context of economic growth, which will sooner or later resume, the profitability of non-state pension funds outweighs inflation and exceeds the performance of the FIU. But on the horizon of 10 years, private funds are still ahead of the state FIU in terms of accumulated profitability: NPFs - from 80 to 100%; VEB UK - from 50% for the basic portfolio (government securities) to 80% for the expanded portfolio.

Another argument in favor of the NPF is the promised implementation of the idea (IPC) in 2019. Let me remind you that it provides for the transition from compulsory pension insurance (OPS) to the voluntary system. Now the reform on the creation of the IPC, which I wrote about six months ago, has been postponed indefinitely. But it is likely that the growing deficit of the pension fund will force us to return to this idea.

NPF weaknesses

1. The risk of bankruptcy of NPFs, especially small private foundations.
2. Profitability of some non-state pension funds loses inflation. The main cause of losses was investments in the securities of Otkritie and Binbank.
3. The transition from one NPF to another earlier than 5 years later leads to a loss of accrued investment income. By the way, in 2017, about 2 million citizens changed one fund to another. Their losses amounted to 33 billion rubles.

The main reason for the departure of former "silent people" to non-state pension funds is the total distrust of the state pension system. Of course, the activity of agents attracting clients plays a role. But neither by persuasion nor deceit it is impossible to achieve such results. People in general do not trust private structures. But the state relies even less. What is only the freezing of the funded pension and the transfer to a point system of accounting for money in personal accounts. The rules of the game change almost every year, which creates the basis for legitimate concerns. It is not necessary to rely on the fact that the state will finally carry out the pension reform “as it should” and that you will receive worthy payments before going on a well-deserved rest. The salvation for most of us is one thing: correctly and efficiently invest part of our current income. The sooner you start doing it, the better.

What to expect from the pension system

According to statistics, almost 65% preferred the FIU, that is, ignored the changes that are taking place. However, the situation takes a different turn, and only in 2017 2.9 million Russians (“silent people”) transferred their savings from the state PFR to NPFs. The total amount of accumulations in NPFs reached 2.7 trillion rubles. Only 76.7 thousand returned in the opposite direction. The numbers seem huge, but a year earlier 2 times more applications were submitted. The majority of clients were attracted by pension funds owned by state banks. The leader among them by a significant margin is NPF Sberbank (52% of applications). Their private competitors, on the contrary, suffer losses. What is happening fits into the overall process of redistributing the market in favor of state-owned banks.

Obviously, the enlargement and nationalization of the pension fund industry will continue. This process repeats what is happening in the banking system. For example, it became known that under the brand of the state-owned Otkrytie in 2018, Lukoil-Garant NPFs, RGS NPFs, NPPs of the Electric Power Industry will be merged. The combined assets of the fund will amount to 570 billion rubles. Looking for a buyer and the largest NPF "Future".

You can find and compare data on the fund's website or on a website that relies on statistics from the Federal Financial Risk Service. Resources on which you can check the ratings for reliability, profitability, the number of insured persons: http://npf.investfunds.ru/ratings/, https://raexpert.ru/ratings/npf/, http: //www.pensiamarket. ru /,. On the last of these sites it is convenient to receive information about your future pension by the SNILS number.

In order to transfer from a PFR to an NPF, you must conclude a trust management agreement with the NPF and submit an application to the PFR territorial authority to transfer to the NPF of your choice. To return to the FIU, you need to do the same thing, just fill out another application form and wait for the FIU to consider it. The transition to the FIU takes much more time.

• Do not rush to change one NPF to another because of 1-2% profitability. Not the fact that they will pay back the loss of accumulated investment income.
• Do not “get fooled” by the tempting offers of agents. We all faced aggressive imposition of transition to non-state pension funds in banks and from pension brokers.
• Avoid contact with overt fraudsters who even make door-to-door rounds of gullible citizens in the guise of pension fund employees.

Conclusion

My advice to investors: do not rely solely on the mercy of the state and the good faith of owners of pension funds. You have a lot of investment tools in order to worry in advance about a decent quality of life after the end of your career. It is wrong to think that the pension is not coming soon and that there is still a lot of time to make a decision.

And in what fund are your funded part of the pension? How do you assess the prospects for pension reform in Russia?

All profit!

One of the fundamental criteria of the fund. Choosing NPFs for our funded pension, we strive to choose the most profitable fund that can guarantee the high profitability of our savings and provide it for a long period.

To make this choice, first of all, you need to familiarize yourself with the list of the most effective non-state pension funds according to their profitability for the previous year. Since the ratings are published either at the very end of the year, or at the beginning of the next, depending on the time when the organizations publish official data.

Profitability for the previous period (for the last reporting year);

Accumulated yield (for the entire period of the fund);

Average return (calculated the total percentage of return for the entire period is divided by the number of years in this period).

It is best to focus on all 3 positions at once, so the information on the profitability of a particular fund will be more reliable, but the annual average yield is in priority. It is she who shows how the fund shows itself over a long distance.

For 2015, all non-state pension funds and, first of all, those that have entered into have already made publicly available information on profitability.

The highest returns on investing pension savings in 2015 were demonstrated by small funds: NPF Education and Science - 17.8%, NPF Bashkortostan - 17.8% (not included in the guarantee system) and NPF Non-State Savings Pension Fund ( not included in the guarantee system) - 17.0%. And among relatively large funds, the NPF “Heritage” had the best return - 16.9%, NPF “” - 16.3% and KITFinance NPF - 14.5%.

The only NPF with negative profitability was NPF Kapitan (-2.1%). FUTURE NPF had weak results - 5.6%, First National Pension Fund NPF - 5.9%, Mechel Fond NPF - 6.4%, Metallurgical NPF 7.0%, Uralsky NPF financial house "- 7.4%, NPF" "- 7.5% and NPF" Magnit "- 7.7%. In general, two-thirds of NPFs in 2015 were not able to beat inflation (12.9%), and in real terms brought loss to future retirees. At the same time, almost half of the NPF could not even earn more than government bonds bring (approximately the refinancing rate is 11%).

More details on the performance indicators of NPFs can be found on, as well as on the website of the Central Bank of the Russian Federation.

For a more objective assessment, we will consider the average annual rate included in the system of guaranteeing the rights of insured persons over the past three years (2013-2015). In 2014 and 2015, pension accumulations, due to the “freezing” of deductions for the funded pension, were formed exclusively from investment income from non-state pension funds.

The average annual rate of return of NPFs (2013-2015):

1. Education and science of NPF AO - 9.45%

2. The legacy of NPF ZAO - 7.73%

4. KITFinance NPF ZAO - 5.76%

5. OAO NPF GAZFOND pension savings - 8.38%

6. Diamond autumn NPF AO - 6.88%

8. Surgutneftegas NPF JSC - 6.59

9. Russian Standard NPF CJSC - 7.63%

12. Stroykompleks NPF ZAO - 8.39%

13. Social NPF ZAO - 9.35%

14. Trust NPF CJSC - 9.05%

15. Vladimir NPF ZAO - 8.26%

16. National NPF ZAO - 6.16%

17. BIG MNPF ZAO - 8.24%

18. VTB NPF JSC - 7.35%

19. Sberbank NPF JSC - 6.77%

20. REGIONFOND NPF ZAO - 7.16%

22. NPF NEFTEGARANT JSC - 5.94%

23. SAFMAR NPF AO - 7.55%

24. Rostvertol NPF - 8.31%

Since the Federal Law on Non-State Pension Funds began to operate in the Russian Federation, a sharp increase in private organizations in this area has begun.

Now, each person can independently decide whose services he will use. Therefore, there was a need to compile a profitability rating of non-state pension funds in 2017, which will help to choose a truly reliable and profitable private pension fund.

A non-state pension fund is a special form of non-profit organization that is responsible for the social welfare of the population. The activities of such funds are regulated by a number of legal acts:

1. Federal Law No. 167 of December 12, 2001.
2. 17 clause 123 of article of the Civil Code clarifies the general provisions on funds.
3. Federal Law No. 75 describes in detail the activities of private pension funds.
4. Accounts for the funded pension are maintained on the basis of Federal Law No. 27 “On Individual Accounting in the Compulsory Pension Insurance System”.

The principle of operation of non-state pension funds is similar to municipal institutions. That is, a private organization has the right to pay pensions, keep records of funds in citizens 'accounts, it can also invest money in stocks and bonds with minimal risks and, finally, just keep citizens' savings until a certain point.

Commercial pension funds are divided into several groups.

1. Open (universal) - they do not belong to any financial and industrial structures and their assets almost entirely consist of the money of depositors.
2. Territorial - operate only in the region of one region and often have support from local authorities.
3. Corporate - work with the founders on special programs, offer good interest and guarantees.
4. Captive is a less popular form of corporate funds.

Rating of non-state pension funds

The choice of the organization to which you give the earned money should be approached with all responsibility. Now there are many resources that help to find out more detailed information and evaluate the reliability of the fund. Below is the rating of NPFs for reliability and profitability.

Important! The table shows only those institutions that have a positive rating, not lower than A +.

Rating Explanations

1. NPF Evropeisky has long been in first place in terms of profitability, even despite the fact that in recent years this figure has fallen from 14 to 12.43 percent. Citizens choose this organization because of the individual selection of the investment program and excellent service according to all standards accepted in Europe. The stable operation of the fund for many years also bribes many people. Please note that all activities of the European PF are under the control of the Central Bank of Russia.

   All current obligations of the “European Pension Fund” to customers will be fulfilled unchanged and in full.

2. NPF Surgutneftegas JSC was in the TOP as one of the most stable and reliable funds operating in the Russian Federation. Its position is confirmed by a high percentage of profitability and A ++ rating. The advantages of this organization include the possibility of gaining access not only to laying out pension accumulations, but also to investment instruments that can increase the level of profitability and overcome losses from inflation.
3. CJSC Promagrofond is in a high position due to its reliability rating; more than two million people across the country use its services. Fund accumulations exceed 70 million rubles, which indicates confidence on the part of the population.
4. Probably, everyone at least heard about Sberbank, and many regularly use its services. The high A ++ rating and wide brand awareness perfectly contribute to attracting more than a million customers. strictly reports to citizens about the placement of their pension savings, he also offers special programs to improve the efficiency of entrepreneurial activity.
5. NPF Lukoil Garant is absent in the main table, as recently it lost a high A ++ reliability rating, but this does not prevent the organization from functioning and attracting new customers. Lukoil serves about 15% of the market in this area and has huge savings in its accounts, for For a long time of existence, he received many awards and not a single substantial complaint about financial activities. As a bonus on the official website, each person can calculate the size of future savings using a special calculator.

Reliability criteria

If the concepts of “NPF profitability” or “number of customers” are clear to everyone, then the mysterious “reliability rating” can raise many questions.

1. A ++ is the highest level that guarantees the stable operation of the fund in case of any fluctuations in the external or internal economic environment.
2. A + and A - this is a very high and high level, respectively.
3. B ++ is a satisfactory level of reliability.
4. B + - may indicate the presence of difficulties, if necessary, to pay a large amount.
5. B - low reliability.
6. C ++ - informs about the threat of license revocation or non-fulfillment of obligations to customers.
7. C + - assigned to funds that are quickly left without a license.
8. C - means that the organization has not fulfilled its obligations.
9. D is a criterion intended for bankrupt.
10. E is the lowest level when the license is revoked and the fund is liquidated.

How to become a client of NPF

After a detailed study of the most profitable and stable non-state pension funds, a citizen should contact the most suitable organization to conclude an agreement.

It is worthwhile to familiarize yourself with the payment and deposit schemes. A prospective customer should find out:

• how to amend or cancel the contract;
• how is the state pension paid?
• what payments are provided upon reaching retirement age;
• pension scheme itself;

Important! Also, the citizen must independently decide how much money he will deposit to the account and how often to repeat this operation.

Employees of a commercial pension fund open an individual account for each person and conclude an agreement. All papers require only a pension certificate, insurance certificate and passport.

The organization independently manages the money, but at the same time gives guarantees for compensation of losses even at its own expense, that is, the client always receives the invested funds back in full.

Having reached the age necessary for receiving a pension, a citizen can receive all the savings at a time or agree to monthly payments. It is worth noting that in any case, they provide for thirteen percent tax.

How to find out the status of the account or terminate the contract

The agreement between the NPF and the client can be terminated ahead of schedule if the latter is not satisfied with something. But funds have their own rules for such cases, for example, a change of organization is possible only once a year. If the deadline has not yet expired, you will have to wait or write a statement explaining the reasons for moving to another fund.

You can check the accumulation through the Internet or by contacting NPF employees. For information, it is enough to name your personal data.

Investing in retirement savings is also an investment, and they are aimed at solving one of the most important issues that every person faces. Namely - how to secure a decent life in old age.

One of the differences between investments in non-state pension funds (non-government pension funds) and regular investment is that contributions to a pension fund are mandatory for every citizen of Russia, while “classic” investment is strictly voluntary. But which pension fund is better to invest in? The question is extremely important and requires the most careful reflection. To state or non-state? And in which one? Find out the answers to these and other questions right now from the rating of the 5 best NPFs for 2018.

Answers to current questions, as well as a consideration of the specifics of non-state pension funds will be given at the end of the article, and now we will directly examine the profitability rating of NPFs of Russia for 2018. There are many basic indicators in the statistics of Russia, and we will try to highlight the leaders in each of them.

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It included a variety of companies, with varying returns, the number of customers, investment instruments and more. But all of them are united by a long history, a high level of reliability and positive customer reviews.

5 best private equity funds to invest in 2018

Lukoil-Garant

The non-governmental PF Lukoil-Garant, founded back in 1994, took first place in our rating for a number of reasons, including:

On the fund's website you can find a pension calculator that allows you to calculate how much you can save by becoming a client of the fund, what pension you can count on and how much you will receive in the form of net profit.

The average yield of the fund is 9%.

NPF Sugrugtneftegaz JSC

Perhaps the most stable and reliable non-state pension fund in Russia. This is confirmed by the A ++ reliability rating.

One of the leaders in average annual profitability, which is, on average, 11.5-12%.

This fund provides its clients with a full calculation of the structure of the placement of pension reserves, as well as investment instruments, with the help of which Sugrugtneftegaz increases depositors' funds.

Currently, the amount of the fund’s pension reserves exceeds the amount of pension savings by more than three times and continues to grow. At the same time, their profitability stably exceeds the inflation level by one and a half to two times.

NPF "European"

Another leader, this time in the field of average annual profitability, which is over 14% here.

NPF European Pension Fund (CJSC) offers its customers Western standards of service, an individual approach and an investment program for each client, as well as long and successful experience in the domestic market.

The investment of client funds in investment assets is made taking into account the individual characteristics of the client, such as the level of his current wage, retirement date, acceptable risk level, etc.

The activities of the fund are controlled by the Central Bank of Russia, the Federal Tax Service, the Ministry of Labor and other state bodies. By the way, the reliability of the fund has been awarded the highest (A ++) rating.

The company's customers are more than one and a half million people, and the accumulated profitability of investing pension savings is 101.96%.

NPF Sberbank JSC

One of the most popular non-state pension funds among the population, established by the largest bank in the Russian Federation.

The highest level of reliability (A ++) and more than a million satisfied customers characterize the fund and its activities as well as possible.

NPF Sberbank maintains strict reporting to its clients in relation to the placement of pension reserves and accumulations, both by type of investment asset and by field of activity.

By the way, the fund offers a number of programs related not only to funded pensions and their increase through investments, but also to corporate projects to improve business efficiency and tax preferences.

NPF "National"

The “National” NPF implements both individual and corporate pension programs for individuals and legal entities. The clients of the fund are about 350,000 people.

Customer deposits are insured by the Deposit Insurance Agency, which provides a guarantee that the fund will fulfill its obligations and virtually no risk for customers.

Naturally, this industry does not stand still, moreover, it is developing rapidly, so this rating cannot be called static, on the contrary, it is extremely dynamic. We will closely monitor the situation around the best NPFs in Russia, so go to our website and be up to date with all the news in this area.

Well, now, as promised, let's move on to the essence of state and non-state pension funds.

State Pension Fund or NPF?

Consider the basic indicators and the specifics of each option.

State funds   - These are the classic institutions of pension savings management. Everything is established there, reliable, secured and guaranteed by the state itself, which greatly improves the safety of customers.

But the profitability is low. Such funds can only be invested in government bonds (OFZ) and stocks. Conclusion: GPF is very reliable, practically devoid of risk, but the yield is corresponding.

Non-state funds - These are new, actively developing companies (I want to hope for this) that quickly wrap up money through an expanded list of investment instruments. Of course, this list is strictly limited at the legislative level, but their opportunities are much wider than those of classical funds.

For example, NPFs can invest on their own or transfer pension savings to a management company. They can buy government and municipal securities, as well as corporate bonds of constituent entities of the Russian Federation. NPFs also buy real estate and make deposits.

The rating of NPFs of Russia in terms of reliability and profitability, as well as the statistics of the activities of non-state funds of the Russian Federation presented above show that such organizations are engaged in investment activities quite successfully, but how long will this white line last and will it result in a loss of investment funds? Who knows.

Conclusion: the reliability of NPFs is relatively high, but, nevertheless, in question, because too little time has passed to prove it, 15-20 years of the existence of funds is not such a long time and it is impossible to compare them by this indicator with state funds. Profitability is significantly higher than that of state funds, but whether it is worth the investment risks is up to you.

What will happen to NPFs in 2018?

Looking at the statistics on the profitability of NPFs and the growing scale of their activity every day, it is not yet necessary to say that this industry is dying.

On the contrary, non-governmental pension funds are now on the crest of fame, which, however, is not surprising due to a significant increase in the attractiveness of investments in the eyes of Russians.

Therefore, thinking about what will happen to the NPF this year, we can assume that in the absence of unforeseen circumstances and force majeure, they will continue their activities. Well, how successful it will be is impossible to say.

We cannot guarantee the reliability of NPFs, like any other financial instrument (the same Sberbank). Our goal is to inform readers and nothing more. Still, investments are investments in Africa, and wherever there is an opportunity to earn money, there is a risk of burnout, especially since third parties manage your money here.

So, it's up to you and only you. You yourself choose a pension fund at your own risk.

And so as not to vainly risk pension savings, trusting them to outsiders, maybe it makes sense to independently engage in investing and increasing your capital?

By investing in, for example, federal loan bonds (OFZ), you will receive the same 10-12% profit per year, while all assets will be in your hands and you will be free to act with them as you please.

The return on such an investment will be no worse than investing in NPFs, and the risk is several times less. So maybe you should not put your pension at stake, trusting it to a commercial organization?

Sincerely, Alexander Ivanov

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 allows you to significantly increase the amount of benefits.

The employer deducts monthly to the FIU 22% from the wage fund (official wage) of the employee. Of these deductions, 6% go to a joint tariff (for the formation of a fixed payment, etc.).

• If a citizen has settled on an insurance pension, the remaining 16% goes to its formation.
• If you choose mixed, then out of the total amount of transfers, 10% goes to the formation of the insurance payment, and 6% - to the formation of the funded pension.

Accordingly, Art. 11 and Art. 15 of the Federal Law No. 360 " About the procedure for financing payments from pension savings»From 11/30/2011. savings are personified and, unlike the joint system, are paid only to the person who contributed them. The accumulative pension payment is formed from insurance premiums, which the employer lists and contributions on a voluntary basis, as well as through their investment.

In 2018, the insurance premiums paid by employers for their employees go to formation of only insurance pension   - This is due to a moratorium on pension savings, which was extended until 2020.

How to choose a non-state pension fund for the funded part of the pension?

To get the greatest income from investing pension savings, you need competently   approach the choice of NPF. The Central Bank of the Russian Federation on the official website publishes data on the profitability of non-governmental funds, respectively, which should choose the most promising of all.

The most important criteria that you should pay attention to when choosing:

• NPF age and key indicators. First of all, you need to look at the date of creation of NPFs. Choose funds created before the 2002 pension reform. If the fund was created in 1995 and is still operating, this is already an indicator of reliability, as 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 customers.
• Founders. The most reliable are foundations, 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 the reliability of NPFs can be verified by the above parameters, then with profitability it is much more difficult, because There are two returns:

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

The values \u200b\u200bprovided by these two sources may vary. In reliable NPFs, the real return (credited to customer accounts) is usually less than 0-3% than the official return on investing funds 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 profitability indicators in relation to the number of customers: 11% per annum with 900 thousand customers is more indicative than 35% per annum with 130 customers. 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 class system to determine this indicator, in accordance with which the reliability of non-state funds is assessed:

Profitability statistics of NPFs of Russia

An NPF is a market participant that has a large accumulation of funds that increase every year, and if their profitability is at a good level over a long period, 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 five best models over the past few years include fairly well-known funds:

1. Sberbank
2. The trust.
3. Steel fund.
4. Lukoil-Garant.

They all consistently profitableand, what is very important, their long-term profitability overtook inflation. Data show that every client who invested in a popular European fund over the past 6 years has doubled their funds, increasing the well-being of people. And one of the largest investments by the PF Electric Power Industry, is consistently profitable, but it is more modest than inflation, the result of the state-owned VEB (Vnesheconombank) is slightly lower.

Rating to the number of insured persons

It seems that the more insured people are in the fund, the better. But judging NPFs by this criterion alone is not entirely correct, it’s 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 NPFs, then you need to pay attention to the ratio of profitability and reliability. The top five looks like this:

1. NPF Gefest (AO). It gives 14.21% of the return on invested savings, but it does not participate in the Expert RA rating.
2. NPF Diamond Autumn (AO). With a stable rating of A + reliability, 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, he has an A ++ rating.
4. UMMC-Perspective.   In 2017, it accrued income of almost 11.28% per annum, it was assigned an A ++ rating. Therefore, even in adverse situations, the probability remains that he will fulfill his obligations.
5. NPF First Industrial Alliance showed 11% return on investment and it is assigned an A + rating.