О1 Group has acquired 100% share in Russian Standard private pension fund
As a result of the transaction, the total of pension assets under the management of the funds that belong to О1 Group exceeded RUB 247 billion (the data of the Central Bank of the Russian Federation as of 31 March 2016) with a total of 4 million insured (as of 31 March 2016). The Group currently includes four private pension funds from the Top-20 based on different indices in compulsory pension insurance and non-state pension provision systems (as of 31 March 2016) as well: the private pension fund FUTURE (former name BLAGOSOSTOYANIE OPS) was united with the non-state pension fund StalFond on 10 March 2016, the private pension funds Telekom-Soyuz, Uralsib and Obrazovanie. The O1 Group’s share on the pension services market comprises approximately 13% in terms of the number of insured and over 12% in terms of total pension savings (as of 31 March 2016). All funds of the Group, including also the Russian Standard private pension fund, are registered in the system of guarantees of rights of the insured persons.
Dmitry Mints, member of the O1 Group Board of Directors: “The O1 Group approaches the management of pension savings prudently and professionally, paying a lot of attention to strategic business development and investment sustainability on the Russian pension fund market in the long-term perspective. This approach allows for attaining a high level of return by ensuring the soundness of pension funds’ assets managed by the O1 Group. NPF Russian Standard has become the O1 Group’s fifth fund, and we have proved once again our leading position on the Russian financial market”.
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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