Reliability ratings of non-state pension fund (NPF) are made by rating agencies based on the Central Bank data. The ratings represent a methodically substantiated assessment opinion of a rating agency accredited by the Central Bank on the possibility of full and timely fulfillment by NPFs of their current and future obligations under contracts of non-state pension provision and mandatory pension insurance.
The “National Rating Agency” is no longer present in the register. Look registry data from the website of the Central Bank.
As the Deputy Minister of Finance of the Russian Federation Alexey Moiseev said:
"It is better to have one or two agencies that will do quality ratings than many, which will do it poorly."
But since ACRA has not yet compiled a new reliability rating, the National Rating Agency is no longer present in the register - let us consider the NPF reliability ratings from Expert RA.
If you want to make yourself an opinion about the reliability of a particular NPF based on complete information, then use and independently analyze the reliability of this or that fund. The guide contains a methodology for choosing a NPF. Also see in the form of a convenient comparative table with the Central Bank data on all accredited funds. The comparative table with the rating allows you to make a selection by any parameter, forming any NPF rankings you are interested in.
NPF reliability rating of Russia
Reliability rating of NPF of Russia according to the rating agency "Expert RA"For a detailed overview of the required NPF, click on its name. If the name of the fund is not referenced, then this fund is not accredited by the Deposit Insurance Agency (DIA).
| Fund name | NPF reliability rating from Expert RA | Date of assignment | Rating forecast | Place in the ranking of accredited NPFs of Russia | |
|---|---|---|---|---|---|
| 1 | ruAAA | 07.06.2017 | Stable | ||
| 2 | ruAAA | 14.06.2017 | Stable | ||
| 3 | NPF "GAZFOND" | ruAAA | 21.06.2017 | Stable | |
| 4 | ruAA | 18.07.2017 | Stable | ||
| 5 | ruBBB + | 19.05.2017 | Stable | ||
| 6 | ruA- | 09.08.2017 | Stable | ||
| 7 | NPF Neftegarant | ruAAA | 14.07.2017 | Stable | |
| 8 | ruAA | 13.06.2017 | Stable | ||
| 9 | ruAA | 27.07.2017 | Stable | ||
| 10 | ruAA | 11.08.2017 | Stable | ||
| 11 | ruAAA | 28.07.2017 | Stable | ||
| 12 | A ++ | 22.12.2016 | Stable | ||
| 13 | NPF "Atomgarant" | ruAA | 30.06.2017 | Stable | |
| 14 | NPF "BLAGOSOSTOYANIYE EMENSY" | A ++ | 29.11.2016 | Stable | |
| 15 | NPF "BLAGOSOSTOYANIYE" | ruAAA | 28.08.2017 | Stable | |
| 16 | A ++ | 22.12.2016 | Stable | ||
| 17 | ruA + | 02.08.2017 | Stable | ||
| 18 | ruA | 10.07.2017 | Stable | ||
| 19 | withdrawn | 24.08.2017 | - | ||
| 20 | withdrawn | 18.07.2017 | - | ||
| 21 | ruBBB- | 02.08.2017 | Stable | ||
| 22 | ruAA | 10.07.2017 | Positive | ||
| 23 | ruAA- | 18.07.2017 | Stable | ||
| 24 | ruA + | 27.07.2017 | Stable | ||
| 25 | ruA- | 08.08.2017 | Stable | In accordance with the Federal Law of the Russian Federation of July 13, 2015 N 222-FZ "On the Activities of Credit Rating Agencies in the Russian Federation", the RAEX rating agency (Expert RA) does not allow deviations from the applied methodology on a systematic basis. Based on this methodology, RAEX (Expert RA) establishes a rating forecast, which means the Agency's opinion on a possible change in the rating level in 1 year perspective (unless otherwise indicated). A rating object can be assigned one of 4 types of forecast: Positive outlook: high likelihood of a rating upgrade in the medium term Negative outlook: high likelihood of a rating downgrade in the medium term Stable forecast: it is highly probable that the rating will remain unchanged in the medium term Evolving forecast: in the medium term (on the horizon of 3 months) 2 or more options for rating actions are equally probable (maintaining, increasing or decreasing the rating) The forecast is determined based on the Agency's expectations for the dynamics of the indicators listed in this methodology, i.e. the forecast is influenced by the same factors as the assigned rating. The outlook is assigned only in relation to the final rating (not to the independent credit rating or the sub-level within the rating classes A and A +). The agency's methodologies provide for comparability of credit ratings with each other. |
According to the statistics of the Bank of Russia, the past year was rather favorable for NPFs. The official rating of NPFs of Russia 2017 in terms of reliability and profitability according to the Central Bank of Russia, published on the website of the Central Bank of the Russian Federation, after the fall-winter 2015 recession, there has been a small but steady growth in pension savings in non-state pension funds of the Russian Federation.
However rating of NPF "Samfar" showed the most powerful growth in savings - over the past year they have increased 6 times. This allowed the fund to make a sharp jump up 11 steps and take the sixth position in the ranking. It is not surprising that the number of Samfar's clients has also increased more than 10 times. The reason for this strong growth is the consolidation of the pension funds of the Bin group.
In general, NPFs demonstrate positive dynamics - in three other NPFs (Soglasie, Doverie and Surgutneftegaz), their savings more than doubled.
NPF profitability rating 2017
| Rating | NPF name | YTD (% per annum) | Fund property (thousand rubles) | Capital and reserves (thousand rubles) | Number of insured persons |
|---|---|---|---|---|---|
| 1 | CJSC "KITFinance non-state pension fund" | 12.26 | 121749816 | 8604921 | 2203529 |
| 2 | OJSC "NPF GAZFOND pension savings" | 12.21 | 181150751 | 9414120 | 1468673 |
| 3 | ZAO NPF Heritage | 12.2 | 70909207 | 5240782 | 791388 |
| 4 | ZAO NPF Promagrofond | 12.19 | 87638375 | 7900901 | 1784601 |
| 5 | JSC "NPF" Almaznaya Osen " | 11.26 | 19315536 | 1464355 | 34263 |
| 6 | NPF Atomfond JSC | 10.48 | 6366875 | 363909 | 53664 |
| 7 | JSC "NPF" Socium " | 10.23 | 16869564 | 1017790 | 239629 |
| 8 | JSC "National Non-State Pension Fund" | 10.13 | 32888130 | 4380178 | 280404 |
| 9 | JSC NPF "UMMC-Perspektiva" | 10.1 | 10221054 | 1230434 | 74842 |
| 10 | NPF VTB Pension Fund JSC | 10.08 | 140169776 | 6457089 | 1543012 |
| 11 | NPF Sberbank JSC | 9.95 | 468241144 | 20340270 | 6828053 |
| 12 | JSC "NPF of the Defense Industrial Complex" | 9.55 | 1942356 | 226879 | 13227 |
| 13 | NPF Volga-Capital JSC | 9.52 | 5752254 | 323557 | 67082 |
| 14 | JSC NPF "Alliance" | 9.47 | 3548242 | 353390 | 2452 |
| 15 | JSC Interregional NPF "BOLSHOY" | 9.04 | 37113495 | 2134300 | 409941 |
| 16 | CJSC "Orenburg NPF" Doverie " | 8.99 | 5968798 | 423299 | 108789 |
| 17 | NPF NEFTEGARANT JSC | 8.96 | 7255935 | 652004 | 65152 |
| 18 | JSC NPF "Vladimir" | 8.52 | 5575015 | 810900 | 18373 |
| 19 | JSC "Interregional NPF" Aquilon " | 8.47 | 2072889 | 360018 | 12005 |
| 20 | JSC "NPF" First Industrial Alliance " | 8.46 | 6069852 | 712346 | 32509 |
| 21 | NPF Stroykompleks JSC | 8.25 | 4323648 | 537469 | 42573 |
| 22 | JSC "Khanty-Mansi non-state pension fund" | 8.14 | 30234260 | 936782 | 128421 |
| 23 | NPF Surgutneftegas JSC | 8.05 | 32781595 | 11408340 | 36106 |
| 24 | NPF Social Development JSC | 7.93 | 10443519 | 984294 | 89978 |
| 25 | JSC "NPF" RGS " | 7.29 | 198893355 | 13550119 | 3162840 |
| 26 | JSC "NPF" Defense Industrial Fund named after V.V. Livanov " | 7.27 | 6899086 | 306307 | 58561 |
| 27 | JSC NPF "Rostvertol" | 6.63 | 2117831 | 248302 | 9812 |
| 28 | NPF AVTOVAZ JSC | 6.01 | 2485698 | 294277 | 7617 |
| 29 | NPF Doverie JSC | 5.93 | 98628101 | 2543386 | 1962949 |
| 30 | NPF Soglasie JSC | 5.75 | 72856577 | 2152714 | 1143020 |
| 31 | JSC "NPF" FEDERATION " | 4.79 | 1852213 | 179330 | 30460 |
| 32 | JSC "Non-state Pension Fund" Transneft " | 4.44 | 89546597 | 11602555 | 50824 |
| 33 | NPF "Professional" (JSC) | 3.96 | 5870258 | 3012297 | 8935 |
| 34 | NPF Telecom-Soyuz JSC | 3.69 | 34428076 | 11014272 | 17485 |
| 35 | JSC "NPF" Education " | 2.47 | 6048737 | 473003 | 109119 |
| 36 | JSC "NPF" Magnit " | 1.24 | 12772816 | 623159 | 222093 |
| 37 | JSC "NPF" Gefest " | 1.14 | 3362079 | 278690 | 32266 |
| 38 | NPF "GAZFOND" | 0 | 406362700 | 0 | 0 |
| 39 | NPO "NPF" BLAGOSOSTOYANIE " | 0 | 348785231 | 0 | 0 |
| 40 | NPF "NEFTEGARANT" | 0 | 50268144 | 0 | 0 |
| 41 | NPO "NPF" LUKOIL-GARANT " | 0 | 27788059 | 0 | 0 |
| 42 | NPF "SURGUTNEFTEGAZ" | 0 | 20274249 | 0 | 0 |
| 43 | NPF "BLAGOSOSTOYANIYE EMENSY" | 0 | 12592072 | 0 | 0 |
| 44 | NPO NPF "Atomgarant" | 0 | 10639946 | 0 | 0 |
| 45 | NPF "Gazprombank-Fund" | 0 | 9028388 | 0 | 0 |
| 46 | NPF Vnesheconomfond JSC | 0 | 3799716 | 611679 | 0 |
| 47 | JSC "NPF" VNIIEF-GARANT " | 0 | 3505050 | 503414 | 0 |
| 48 | JSC "NPF" SAFMAR " | -2.2 | 201303967 | 8363374 | 2270915 |
| 49 | JSC "NPF" FUTURE " | -2.93 | 295774586 | 2270125 | 4445180 |
| 50 | NPF LUKOIL-GARANT JSC | -4.72 | 283952857 | 9092892 | 3507809 |
| 51 | JSC "NPF of the electric power industry" | -5.41 | 141332676 | 8009371 | 1059902 |
However, “biggest” does not mean “most profitable”. The most profitable for clients was CJSC KITFinance Non-State Pension Fund (12.29%), then three follow: ("NPF GAZFOND pension savings", "Heritage", "Promagrofond") with a yield of 12.21% to 12.19%.
It is gratifying that a fairly large number of NPFs received more income than inflation ate (for 6 months of 2017 it amounted to 2.3%). And the profitability of some NPFs turned out to be less than inflation.
Level of confidence in NPFs, NAFI survey
Percentage of respondents who answered “I completely trust” and “I rather trust” to the question “How much do you trust non-state pension funds?”An initiative all-Russian poll by NAFI was conducted in July 2017. 1600 people were interviewed in 140 settlements in 42 regions of Russia. Age: 18 and over. The statistical error does not exceed 3.4%.
| 2012 | 2013 | 2014 | 04.2015 | 11.2015 | 07.2016 | 07.2017 |
|---|---|---|---|---|---|---|
| 19% | 19% | 19% | 19% | 22% | 24% | 15% |
In general, in 2017, most NPFs in Russia showed that they know how to manage pension deposits. Despite the devaluation of the ruble, the profitability of most of them is higher than the inflation rate. And which NPF is the best - reliable or profitable - it's up to you.
NPFs are firms engaged in profitable investments of citizens' money in various projects. The income of its clients depends on how competently the fund disposes of investments.
The advantages of storing pension savings in such an organization are as follows:
- You can influence on your own pension. A citizen can independently decide how many contributions he will make to the fund.
- You can receive pension payments from various organizations. Diversification of sources of passive income has a positive effect on material well-being. Keeping savings even in one NPF allows you to receive 2 pensions (from the state and from the NPF). In addition, you can take part in several funds at once.
- The state regulates activities of funds. All NPFs must follow the laws of the state, have permits to engage in their own activities, and submit reports to the state. This is one of the factors of reliability that reduces the risks of transferring savings to a non-state fund.
- Tax incentives... Moreover, they are provided not only to citizens, but also to employers who make contributions. The money contributed to the fund is not taken into account in taxation of the fund participant and the employer.
- Transparent activity... Fund participants can at any time receive data on their own accounts and find out how many deductions were made, what income was accrued.
The main disadvantages of participating in NPFs are:
- Low level of investment income. The percentage of capital increase in NPFs is usually very small (about 10 percent per year).
- It is impossible to receive your money ahead of time. It is possible to receive savings from a non-state fund only in exceptional situations (death, obtaining the status of "disabled", serious illness, emigration). In other situations, it is impossible to get your own money ahead of time.
- Lack of influence of NPF clients on where their money will be invested. NPF invest participants' money wherever they want. For ordinary citizens, such a disadvantage is insignificant, but an experienced investor, perhaps, could use his money much more profitably.
- Profits are taxed. By making contributions to the NPF, a citizen receives tax benefits. However, when you receive money from the fund, you need to pay tax charged on capital transactions.
"European" NPF is one of the most famous. It is popular among citizens due to its good profitability. This company has more than a million clients who have entrusted it with their own savings.
The NPF provides European service standards. So, citizens can create a personal account on the fund's website, as well as monitor cash flows. You can transfer money to another NPF in case of bankruptcy.
The increased interest rate is determined for citizens who invest their savings in Surgutneftegas. The company pays pensions on time, has been on the market for over 20 years, and has a positive reputation among Russians.
- "". Many Russians prefer to transfer their own savings to the official fund of Sberbank. The main stimulating factor here is that savings are protected by the state. Compulsory insurance allows you to increase your savings through periodic contributions. There are special programs for people who plan to continue working even in old age. There are corporate programs aimed at increasing the efficiency of the business.
- OIL GARANT.
- Lukoil Garant (Opening).
- NPF Electric Power Engineering.
By the amount of savings
- "NEFTEGARANT".
- "Confidence". This fund was opened 18 years ago. It was founded by firms involved in the economic life of Nizhny Novgorod, as well as large banking organizations. NPF takes part in the co-financing program, which allows to significantly increase pension savings.
By the number of insured
If we compare organizations by the number of participants, the rating will look like this:
- "NEFTEGARANT".
Yield rating - list of funds
Profitability characterizes the amount by which the APF has increased the available savings. It is impossible to determine in advance the percentage of savings, however, reliable organizations usually inform them about the amount of planned income when making agreements with citizens or demonstrate profits from previous years.
Profitability table of non-state pension funds:
| Fund name | YTD,% |
| 9.13 | |
| "Consent-OPS" | 6.82 |
| 6.81 | |
| 6.8 | |
| 6.8 | |
| 6.63 | |
| "NEFTEGARANT" | 6.43 |
| 6.35 | |
| 6.26 | |
| "Consent" | 6.04 |
| "Livanov Defense Industrial Fund" | 5.82 |
| 5.75 | |
| 5.72 | |
| "Vladimir" | 5.46 |
| 5.16 | |
| 5.1 | |
| « » | 4.94 |
| 4.7 | |
| 4.5 | |
| 4.29 | |
| 4.19 | |
| "Confidence" | 4.1 |
| 3.97 | |
| 3.86 | |
| 3.75 | |
| 3.03 | |
| 2.94 | |
RIA Rating - May 10.The dynamics of the market for non-state pension funds in Russia in 2017 was quite good, while it is still constrained by the freeze of funded pensions. Against this background, the range of discussed options for reforming the Russian pension system is still quite wide, although recently, a gradual increase in the retirement age, as well as the introduction of a new mandatory contribution to NPFs, has been mainly discussed.
In general, at the end of 2017, the number of people who chose NPFs to place their funded pension exceeded 34 million people, for comparison, as of January 1, 2017, there were 30 million of them, and at the end of 2015 - 26 million. Over the past year, the number of NPF clients has grown by 15%, against growth by 13% in 2016. Thus, despite the “freeze” of funded pensions, the market continues to develop, which is most likely due to the activity of NPFs in attracting clients.
At the same time, the number of players continues to decline. Due to mergers of a number of NPFs, their number for the year decreased to 38 (the rating includes existing NPFs, with non-zero savings) at the beginning of 2018 against 41 a year earlier.
At the end of the past year, the volume of pension savings in NPFs increased by 14.3% or by 300 billion rubles (24% in 2016). In general, as of January 1, 2018, the volume of pension savings in Russian NPFs exceeded 2.4 trillion rubles. For comparison, as of January 1, 2015, the amount of savings was equal to 1.1 trillion rubles, that is, over 3 years the volume of savings in NPFs has more than doubled. According to RIA Rating experts, the tangible slowdown in the growth rate of savings in 2017 is due to two factors. Firstly, due to a decrease in interest rates in the economy, growth decreased due to capitalization of investment income. Secondly, a large number of citizens have already chosen NPFs, so the potential base of new clients is getting smaller, and, as a rule, newly attracted clients are generally not so large.
Despite a number of negative aspects, Russian NPFs continue to strengthen their positions in the Russian financial system. Indeed, in addition to 2.4 trillion rubles of pension savings, NPFs have approximately 1.4 trillion rubles of other assets. Thus, the total assets of Russian NPFs are just under 4 trillion rubles, which is more than the assets of the fourth largest bank of Russia, and account for about 4% of the assets of the Russian financial sector.
Nine NPFs showed negative dynamics
To assess the situation in terms of individual funds, the RIA Rating Agency conducted an analysis and prepared a rating of Russian NPFs in terms of the amount of pension savings as of January 1, 2018. The rating presents data as of January 1, 2018 for 38 non-state funds of Russia, the reports of which were published by the Central Bank of the Russian Federation.
According to the study, the composition of the largest NPFs on the market has changed significantly over the past year. In terms of the size of pension savings in the NPF rating, the Sberbank NPF is still in the lead with the book value of savings as of January 1, 2018 in the amount of 470 billion rubles. NPF Sberbank has been the leader for 11 consecutive quarters. This NPF over the past year showed an increase in savings by 33% or 117 billion rubles. Thus, the NPF of Sberbank provided more than a third of the growth in the pension savings market as a whole. At the same time, Sberbank did not become the leader in terms of the absolute growth of savings, and the NPF GAZFOND has a more significant increase in pension savings. At the end of 2017, this pension fund is in second place with pension savings at the level of 457 billion rubles. GAZFOND pension savings showed an increase in the funds of future pensioners in the amount of almost 300 billion rubles, or 2.8 times. In relative terms, this is the fourth result among all funds and the best in the TOP-30. This result of NPF GAZFOND pension savings was the result of the takeover of a number of large funds NPF Promagrofond, KITFinance NPF and NPF Heritage, which respectively left the rating, although a year earlier they were in the TOP-15 largest funds.
The third place in the rating is now taken by the NPF FUTURE with savings of 283 billion rubles, although a year ago it was the second. The fourth and fifth largest pension savings funds were NPF LUKOIL-GARANT and NPF SAFMAR, whose savings amounted to 253 and 192 billion rubles, respectively. The funds that took places from 3rd to 5th showed rather weak dynamics. Their growth was within + 9%, and two of these three funds showed negative returns at the end of the past year. The first five largest funds will already use 68% of all pension savings, although a year earlier it was 57%, and the first ten funds accounted for 92% as of January 1, 2018 (77% at the beginning of 2017). Thus, in 2017, there is a noticeable consolidation in the NPF market.
The increase in the average size of the fund also testifies to the consolidation of funds. In particular, according to the results of the current rating, the average fund size increased to 64 billion rubles against 52 billion rubles as of January 1, 2017. At the same time, the number of both the largest funds, whose savings exceed 100 billion rubles, and medium-sized funds with funds exceeding 10 billion rubles, according to the results of the rating, decreased. So, in the rating there are 7 funds with funds of more than 100 billion rubles and 15 funds with more than 10 billion rubles, while a year earlier (at the beginning of last year) there were 8 and 18 funds, respectively.
By the end of 2017, the number of funds with negative dynamics of pension savings increased quite sharply. If at the end of 2016 only 10% of NPFs were characterized by a decrease in savings, then last year already 24% were with negative growth rates. It should be noted that the decline in pension savings was mainly observed in small and medium-sized funds, which may indicate the transfer of clients from them to larger NPFs.
The highest growth rates were demonstrated by NPF AVTOVAZ, NPF Alliance and NPF FEDERATION. At NPF AVTOVAZ, the amount of savings increased by 4 times, and the number of customers by 3 times. NPF Alliance showed an increase in pension savings by 3.9 times, and the number of clients increased by 3.5 times. In turn, the savings of NPF "FEDERATION" have grown 3 times over the past year. Despite such impressive growth, all three of these funds are located in the last ten of the rating, that is, they remain small. At the same time, NPF Telecom-Soyuz and NPF Social Development had the largest reduction in pension savings - -10.6% and -10.2%, respectively.
The largest funds suffered losses
The highest profitability of investing pension savings in 2017 was shown by small funds: NPF Almaznaya Osen - + 11.2% and NPF Gefest - + 10.0%. And among relatively large funds, the best profitability was for the NPF GAZFOND pension savings - + 9.5% and the NPF VTB Pension Fund - + 9.0%.
At the same time, four large funds (from the TOP-10) showed negative profitability at the end of 2017, while last year there were no unprofitable funds at all. At the same time, NPF LUKOIL-GARANT suffered the most, with a return on investment of -5.3% over the year. The second in terms of losses was NPF RGS - -2.9% in 2017. The third and fourth funds in terms of negative profitability were NPF FUTURE and NPF of the electric power industry (-2.0% and -1.7%, respectively). , the negative financial result of all four funds was due to investments in assets related to the reorganized bank Otkritie.
In general, the median profitability of Russian NPFs in 2017 was 8.3%, thus, most funds managed to show profitability much higher than inflation (2.5%). In many respects, the relatively good profitability is determined by the rates on government bonds, which remain much higher than the growth in retail prices. A decrease in the refinancing rate and, accordingly, the yield on the debt market will reduce the profitability of APFs, however, according to RIA Rating analysts, in the medium term, APFs will continue to show profitability much higher than inflation and higher than the rates on deposits in the largest banks.
Over the past five years (from January 1, 2013 to January 1, 2018), the NPF Volga-Capital was characterized by the highest profitability of pension savings - the profitability of its investments during this period amounted to 62.7% (average annual rate - 10.2%). The second and third places in terms of investment profitability were taken by the Livanov Defense Industrial Fund and the Socium NPF, which were able to increase the savings of their clients by 57.9% (9.6% on average per year) and 57.5%, respectively (9.5%). The fourth place in terms of profitability is taken by the NPF GAZFOND pension savings with a result of + 55.7% in five years. In general, 10 funds were able to demonstrate profitability above 50% in five years (more than 8.4% of average annual profitability), while 30 funds showed more than 40% profitability in five years.
RIA Rating is a universal media group rating agency MIA "Russia Today", specializing in assessing the socio-economic situation of the regions of the Russian Federation, the economic condition of companies, banks, industries, countries. The main directions of the agency's activities are: creating ratings of Russian regions, banks, enterprises, municipalities, insurance companies, securities, and other economic objects; comprehensive economic research in the financial, corporate and public sectors.
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When choosing a suitable pension fund for the formation of savings for old age, the question arises not only of the reliability of the organization, but also of its profitability. To assess how well a particular fund is working, the profitability rating of NPFs in Russia helps, which is compiled on the basis of data from financial reports published on the official websites of companies.
NPF reliability rating of Russia
As of the 4th quarter of 2017, 62 non-state pension funds function in Russia. It is necessary to choose where to transfer the funded part of your pension, relying not only on the data on the fund's profitability, but also on its reliability.
You should pay attention to such parameters as:
- the presence of a license from the Central Bank - it can be checked in the register of official NPFs on the Central Bank website at cbr.ru/finmarket/supervision/sv_coll, NPFs without a license or with an expired period are not entitled to accept funds from the population;
- whether the fund participates in the deposit insurance system in 2017 - if so, if an NPF goes bankrupt or its license is revoked, the state will pay compensation to all clients of the fund in the amount of the invested funds (you can also see this information on the Central Bank website in the same section);
- term of work - the longer the fund has been functioning, the more experience has been accumulated by its managers and the more resistant the organization is to crises;
- who is the founder of the NPF - it is better if the fund is part of a serious holding with strong financial support: then it is not threatened with bankruptcy or merger;
- the amount of funds under the fund's management - the more there are, the better: it is no coincidence that the largest NPFs are at the top of the rating of Russian NPFs in 2017 in terms of profitability, which are able to widely diversify funds and derive the greatest benefit from market collisions;
- fund management - managers and management should not be involved in any dubious matters, and the fund itself should be affiliated with unreliable companies, including offshore ones.
In addition, the reliability of the fund can be indirectly evidenced by:
- the openness and information content of its site;
- high-quality work of call center operators;
- number of NPF branches;
- qualifications of employees.
It is clear that if a fund is aimed at long-term work, it will do its best to create a favorable impression of itself and maintain a positive image.
Despite the fact that investments in NPFs that are in the DIA are extremely reliable, it is worth paying attention to the criteria of resistance to crisis phenomena. Whatever place the fund occupies in the rating of the profitability of the NPF of Russia in 2017, after closing its clients will receive only those funds that they personally deposited into their accounts, and the funded part will be transferred back to the Pension Fund in full. The accumulated investment income will be canceled - and whatever the profit, it will be lost.
Assessment of NPFs by rating agencies
Another criterion for reliability is the assessment of the fund by rating agencies. In Russia, the most authoritative are the National Rating Agency and the Expert. They give their opinion on the basis of an analysis of the financial condition of the fund, its investment strategy, the number of depositors, expenses and other indicators. There are not so many NPFs that have received the highest rating (A ++ by Expert and AAA by NRA).
- Neftegarant;
- Gazfond;
- Welfare;
- Rosgosstrakh;
- Sberbank.
Funds VTB PF, Big Pension Fund, Vladimir, Atomgarant, Safmar, Surgutneftegaz, Almaznaya Osen also have the highest rating on the Expert RA scale, but do not participate in the NRA ranking.
Profitability of NPF of Russia in 2017
When analyzing the profitability of a fund, it is necessary to pay attention to the following features:
- the yield on compulsory pension insurance programs and on individual pension programs may differ, since funds form portfolios from different assets - it may turn out that the option with a non-state pension will be more profitable;
- the fund's profit should be analyzed in dynamics, calculating the average annual and accumulated income - this is the only way to get the right idea of \u200b\u200bprofitability;
- when looking at the rating of Russian NPFs in terms of reliability and profitability, one should compare the fund's profitability with the current inflation rate and the profit of Vnesheconombank, the Pension Fund's management company: ideally, the profitability of the selected APF should be higher than both indicators.
You can view the profitability of NPFs based on data submitted to the Central Bank on the page npf.investfunds.ru/ratings/9. The site shows the ranking of the most profitable funds since 2008. The only drawback of this ranking is the inconvenient presentation of information.
Therefore, the rating of NPFs of Russia in 2017 by profitability is given below in tabular form. To show the dynamics of profit growth of individual funds, the ranking includes data for the last 5 years - from 2012 to 2016. The table lists only the 15 most profitable funds. For reference purposes, Vnesheconombank's profitability and annual inflation rate are shown.
| Fund | Year | ||||
| 2012 | 2013 | 2014 | 2015 | 2016 | |
| Uralsib | 9,15% | 8,38% | 4,39% | 10,69% | 14,7% |
| Promagrofond | 3,52% | 4,47% | 1,39% | 16,34% | 13,58% |
| Gazfond | 9,17% | 7,23% | 2,85% | 13,92% | 13,16% |
| KIT Finance | 5,44% | 7,91% | 2,78% | 14,5% | 12,92% |
| Diamond Autumn | 7,05% | 5,03% | 2,02% | 13,59% | 12,62% |
| OPF them. V.V. Livanova | 6,13% | 7,51% | 6,48% | 13,06% | 12,31% |
| First industrial alliance | 8,35% | 8,68% | 2,72% | 13,34% | 12,22% |
| Hephaestus | 6,62% | 7,37% | 0,62% | 16,65% | 11,95% |
| Rosgosstrakh | 6,06% | 6,22% | 7,54% | 9,56% | 11,77% |
| Surgutneftegaz | 6,39% | 7,59% | 0,25% | 12,94% | 11,61% |
| Aquilon | 3,98% | 5,27% | 6,69% | 8,4% | 11,51% |
| National | 5,51% | 4,94% | 1,65% | 11,9% | 11,48% |
| Volga-Capital | 7,35% | 8,96% | 7,59% | 11,69% | 11,31% |
| Heritage | 7,37% | 6,55% | -0,3% | 16,93% | 11,26% |
| Magnet | 8,84% | 13,3% | 0,86% | 7,74% | 10,88% |
| VEB | 9,21% | 6,71% | 2,8% | 13,15% | 10,58% |
| Inflation | 6,58% | 6,45% | 11,36% | 12,91% | 5,4% |
If we talk about the average annual profit of funds, then the rating of the profitability of NPFs of Russia will look like this (data taken for the last 5 years):
- Uralsib - 9.46%;
- Volga-Capital - 9.38%;
- Gazfond - 9.26%;
- OPF them. Livanova - 9.09%;
- First Industrial Alliance - 9.06 %%
- KIT Finance - 8.71%;
- Hephaestus - 8.64%;
- Legacy - 8.36%;
- Magnet - 8.32%;
- Rosgosstrakh - 8.23%.
The average profitability of Vnesheconombank over the past 5 years amounted to 8.49%, and the growth of inflation - 8.54% per year.
Conclusion
Thus, according to the results of recent years, the rating of the profitability of NPFs in Russia has been steadily occupied by funds with the largest investment volume, a large number of clients and good financial support from founders. At the same time, only 7 funds outstripped inflation and the profitability of the PFR itself (investments are made through Vnesheconombank). When choosing a fund, you need to pay attention not only to the potential profit, but also to the reliability of the organization. It is better if the funds are insured with the DIA - in this case, you can count on a return on investment when the license is revoked or the NPF is ruined.