Non-Governmental Pension Funds Managed by O1 Group Summed Up Results of Operations in H1 2016
September 1, 2016. The non-governmental pension funds managed by O1 Group summed up results of operations in H1 2016. According to the Central Bank of the Russian Federation as of June 30, 2016, the O1 Groups’ volume of pension assets reached 274 billion rubles, including 245.6 billion rubles of pension savings and 28.5 billion rubles of pension reserves. The number of clients for mandatory pension insurance and private pension insurance exceeded 4.5 million people. These results do not include results of Our Future non-governmental pension fund (new name of Russian Standard non-governmental pension fund, documents on changing the name are being registered by the Bank of Russia and registration authorities), the fund was acquired by O1 Group in July 2016.
O1 Group is ranked #4 among the largest companies - owners of pension funds by the number of clients and by volume of pension savings and holds accordingly 13% and 12% market share for these indicators. Out of 30 million people forming pension savings in non-governmental pension funds in Russia, 3.9 million people are clients of O1 Group’s funds. The O1 Group’s largest fund, FUTURE, provides services to 3.7 million insured persons and is ranked #2 for this indicator among all funds providing services in mandatory pension insurance system. The fund is also ranked #3 by volume of pension savings under management.
The total number of clients of O1 Group’s funds for private pension programs is 576 thousand people, funds have paid over 857 million rubles of private pensions. Currently, the key fund within the Group developing private pension programs is Telcom-Soyuz: the fund is ranked #3 among participants of private pension programs.
In the first half of the year 2016 the O1 Group’s funds continued to shape a reasonable investment policy. According to data as of June 30, 2016, Telcom-Soyuz and Uralsib posted the yield on mandatory pension insurance above the yield of the state-owned management company, at 12.51% and 12.54% accordingly, the funds are among TOP-10 of the largest non-governmental pension funds of Russia by this indicator. Telcom-Soyuz ia also ranked No. 6 on the yield for private pensions, since the beginning of the year the return on pension reserves placed by the fund was 14.66%.
O1 Group manages 5 non-governmental pension funds: FUTURE, Telcom-Soyuz, Uralsib, Russian Standard, and Education. Uralsib and Russian Standard are being in the process of joining to FUTURE non-governmental pension fund which is planned to be completed by the end of the year. The united fund will continue operations under the FUTURE brand. All the funds of O1 Group operate in strict compliance with the legislation and are members of the System of Guarantee of Rights of Insured persons. The funds show stable performance, both by the number of clients and the quality of management of pension assets. The Company continues to develop the holding’s pension business implementing the best business practices of the pension market and unified management standards in compliance with the requirements of the legislation and the regulator designing a strategy that is stable to the market fluctuations.
FUTURE Non-state Pension Fund, a non-government pension fund mainly providing compulsory pension insurance services and a part of FUTURE Financial Group, has announced financial results for nine months of 2017 (the period ending 30 September 2017), prepared in accordance with industry accounting standards.
Public Joint-Stock Company Future Financial Group (MOEX: FTRE) (hereinafter - the Company or the Group), the public company unifying several of the largest non-state pension funds in Russia, announces the unaudited financial results of the Group for H1 2017, which ended on June 30, 2017
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