O1 Group acquired 100% stake in BLAGOSOSTOYANIE OPS

December 25, 2014. Nongovernment Pension Fund BLAGOSOSTOYANIE and O1 Group report that the deal to sell a 100% stake in IPF BLAGOSOSTOYANIE OPS, which provides compulsory pension insurance , to the investment holding company O1 Group has been closed. With the acquisition of the third fund the amount of pension accruals managed by the funds affiliated with O1 Group has exceeded 154.6bn rubles and the number of insured people reached 2.8 million. The strategic priority for IPF BLAGOSOSTOYANIE becomes further development of non-government pension provision. 

IPF BLAGOSOSTOYANIE OPS was incorporated in 2014 by BLAGOSOSTOYANIE Fund spinning off compulsory pension insurance as a self-contained joint-stock fund, currently managing the pension savings of 1.8m clients, with total volume of more than 116bn rubles.

IPF BLAGOSOSTOYANIE will focus on expanding the competences in non-government pension provision: the fund has traditionally been a leader among the IPFs by the total number of participating depositors and by the number of clients receiving non-state pensions. According to the preliminary results of 2014, the amount of pension reserves managed by the Fund will exceed 245bn rubles.

O1 Group plans to develop pension business both in the compulsory pension insurance system and in the area of non-state pension provision. The company aims to raise the quality of servicing the current clients and to enlarge the client base due to refining the service and ensuring a fair return on invested funds as well as developing individual solutions for corporate clients. At the present moment all funds of the Group are passing the concluding stage of Central Bank’s audit for joining the system of assuring the safety of pension savings.

Yuriy Novozhilov, chief operating officer of IPF BLAGOSOSTOYANIE: “The closed deal is a logical step in the development of two funds, each in accordance with its specialization in the pension market. IPF BLAGOSOSTOYANIE features a unique experience of working in the system of voluntary pension coverage, rendering the largest national corporate pension program for Russian Railways. Now we see the new opportunities for further developing and refining the competences in the sphere of independent pension support. The revenues from the deal will be used to replenish the insurance reserve of IPF BLAGOSOSTOYANIE, and deposited in Absolut Bank.”

Boris Mints, Chairman of the Board of Directors of O1 Group: “The purchase of IPF BLAGOSOSTOYANIE OPS is an important step in building within O1 Group of an effective and dynamic business for managing pension assets. Our management company has a significant experience of working with pension funds and sets as its goal the development of balanced, conservative investing strategies for assuring the maximum possible safety of savings of the Fund’s clients.”


Financial results of Future Non-state Pension Fund for nine months of 2017 (up to 30 september 2017)

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. 


Performance results of the public joint-stock company Future Financial Group

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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