O1 Group acquires Telecom-Soyuz private pension fund
Telecom – Soyuz private pension fund is rated amongst TOP-10 of Russian non-government pension funds by total amount of formed pension reserves, which exceeded 18 bln RUR as of 01.01.2013.
Boris Mints, Chairman of Board of Directors, O1 Group: "Asset management business and management of private pension funds in particular seems attractive and promising to me. This year we decided to launch a financial business within a framework of O1 Group. Today the pension funds market is undergoing transformation period. The funds originally raised on the basis of large companies have grown to the point when they are in need of professional management. We have a wide experience in financial market and are able to offer the best investment strategy for the Fund.
The money of Telecom-Soyuz will be invested in those instruments which we estimate as reliable. The pension reserves owned by the Fund will be invested in conservative financial instruments such as bonds and commercial real estate generating a stable yield. At the present moment we do not think it would be wise to invest the Fund’s reserves into development or the stock market because of the high risks."
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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