Summary of results of the O1 Group non-state pension funds for the first half of 2015
September 8, 2015. The O1 Group, a private holding company that invests in various sectors of the economy, has announced the results of its non-state pension funds activity for the first half of 2015. The Group’s pension assets reached RUR 250 billion, including pension savings of RUR 223 billion and pension reserves of RUR 27 billion
According to the Central Bank of the Russian Federation the market share of the funds of the O1 Group in mandatory pension insurance achieved 13% by volume of pension savings, and 12% in terms of the number of individuals insured. 3.5 million out of the 28 million people with private pension savings at the end of the first half of the year were serviced by the Group’s funds. According to the official statements from the Central Bank of the Russian Federation, at the end of the first half of 2015 NPF FUTURE is ranked 3rd among the private pension funds by volume of pension savings, and NPF StalFond is among the TOP-10 by the same criteria. Moreover, as a result of attracting more clients during the first half of the year, NPF StalFond became one of the three most active market participants.
A total of 583 thousand NPF clients participate in the O1 Group funds. By the end of the first six months of 2015 the funds had paid RUR 850 million in non-state pensions.
The O1 Group owns three leading pension funds – NPF FUTURE (former name NPF BLAGOSOSTOYANIE OPS), which specialises primarily in mandatory pension insurance; NPF StalFond and NPF Telecom-Soyuz, which both specialise in mandatory pension insurance and non-state pension coverage. Traditionally each of the three NSPFs has held key positions in particular industries, with NPF StalFond servicing a number of industrial enterprises, and with NPF Telecom-Soyuz being involved with telecommunication companies, while most clients of NPF FUTURE were the employees of Russian Railways Holdings. However, today, all three funds work across wider client bases. The services and products provided by the NPFs are available for citizens throughout the country. Currently NPF FUTURE and NPF StalFond are in the process of consolidation under the FUTURE brand, and this consolidation is planned to be completed in the 1st quarter of 2016.
The Group’s funds continue to form a balanced investment policy, with the proportion of investments in infrastructure projects gradually increasing. In July 2015 NPF FUTURE and NPF StalFond acted as anchor investors in major projects financing the construction of the М11 Moscow – St. Petersburg highway.
Nikolay Sidorov, the CEO of NPF FUTURE said: “Our main goal is provide the financial future for over 4 million clients. Our investment strategy is not aimed at making us the frontrunner in profitability. First and foremost, it is important for us to save the money on behalf of the future pensioners, to ensure the above-inflation returns over the long term. However, we do invest pensions in the economy, fostering the development of infrastructure and of non-financial sector companies, and support the stability of the country’s banking sector. An important priority of the funds is to improve the quality of customer services and to provide advocacy, as the level of understanding and public awareness of pension funds is still rather poor”.
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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