APF Sberbank: reviews. NPF Sberbank: profitability

Pension is the prerogative not only of the FIU, but also of a large number of non-governmental organizations of the appropriate profile. One of the most well-known is APF Sberbank. What characterizes the activities of this non-government pension fund? What do customers say? What are the positions of this fund in the ratings?

What is a non-government pension fund

Before examining the non-state pension fund of Sberbank, it will be useful to conduct a small theoretical digression into the main subject of the current issue. What kind of organization is it ? Non-state pension funds - what is the specificity of their work and the purpose of the institution?

The first NPFs appeared in the 90s, but for a long time they were not widely used. They are an alternative to the state organization - the Pension Fund of Russia, which became the legal successor of a similar structure that operated in the USSR. The creation of private funds was dictated, according to experts, by the desire of the state to reduce the budget burden. How?

The fact is that the bulk of the state's pension obligations to citizens, based on the specifics of the current social security system in the Russian Federation, arises from the formation of a funded part of payments. The basic part of the obligations is relatively small - its state largely takes over.

Non-state pension funds, in addition, in many cases provide a higher level of related payments due to mechanisms for investing in various types of assets, participation in the purchase and sale of securities and other legitimate commercial activities. As a rule, APF for this purpose cooperate with management companies, which manage such financial strategies.

Pension reserves in funds are sufficiently protected by law. In addition, the criteria for admission of APF to the activities are now quite strict, and therefore a company with a risk of bankruptcy simply can not enter the market. Now in Russia there are several tens of large APFs. Among them - non-government pension fund of Sberbank. What is the specificity of his activities? How big is the profitability of Sberbank NPF for 2013 and expected in 2014?

General information

We will study general information about the fund under study. The founder of the Pension Fund is Sberbank of Russia, the largest credit and financial institution of our country. The fund was established in 1995, 3 years after the publication of the Presidential Decree, which became the first legal rule regulating the company's activities.

This non-government pension fund is part of the relevant national association. According to many analytical agencies, Sberbank's NPF rating is one of the highest in the range of operating non-state pension funds. According to one of the largest organizations that make up the relevant estimates, this fund is as reliable as possible. In particular, experts of the National Rating Agency, as well as an organization such as Expert RA adhere to such positions.

NPF Sberbank of Russia refers to organizations that are classified as "an open type fund." The institution offers a wide range of individual and business oriented pension programs. In particular, citizens can contract for services (both within the framework of compulsory insurance, and providing for participation in the co-financing program) and the legal entity. It is possible to conclude contracts on individual terms, within which a personalized pension plan is drawn up that meets the legislative criteria.

Addresses APF Sberbank can be found in almost any region of Russia. This non-state pension fund is one of the most famous in the Russian Federation, its branches are represented on the territory of the country in a wide range. The main activities of the APF are conducted through the offices of the parent company, as well as through the use of agency network resources.

Managment structure

The highest management structure of an organization is the Council of the Foundation. He is in charge of strategic issues and general management of the institution. The Board of the Foundation also develops various types of regulatory documents, approves plans for managing pension reserves, calculates profitability and other financial performance indicators.

In the management structure of SPF Sberbank there is also an Audit Commission. In her charge is control over the economic activities of the organization. A commission is appointed by the Council of the Foundation. Also in the management structure of the organization there is the Board of Guardians. In his competence - overseeing the activities of the organization for compliance with the law. The Board of Trustees includes authorized representatives of the Fund's clients.

Reorganization

In April 2014 the fund was reorganized and received a new organizational and legal status. Now it is officially called ZAO NPF Sberbank. Prior to this, the fund had the status of a "non-profit social security organization". All rights and obligations of the APF functioning within the framework of the previous form of management pass unchanged to the organization that began to operate as a joint-stock company.

The size of the authorized capital of NPF Sberbank in the form of CJSC - 150 million rubles. The shares belong to the founder. That is, Sberbank of Russia. The stocking of the fund, as experts say, is associated with new legislative requirements. According to them, until January 1, 2016, all APFs, which in their activities are working on the profile of compulsory pension insurance, should be transformed into joint-stock companies. If the APF functions, combining the TSO and non-government support, then a fund should be formed, which deals with work on the first direction separately. In turn, NPFs, whose activities are related to non-government provision, are subject to corporatization before January 1, 2019. If the funds of the relevant type are not processed with the conversion within the timeframe established by law, they will be liquidated.

Regalia

NPF Sberbank - an organization that has managed to get a lot of industry awards for the results of its activities. Which of them can be noted first?

In 2013, for example, the fund was awarded the prestigious diploma of the "Expert RA" agency (the one that makes ratings of funds). Nomination - "For the development of non-government pension provision." In the same year NPF Sberbank received another award. It is called the "Financial Elite of Russia". Nomination sounds like "Dynamics of development".

In 2012 NPF Sberbank was also awarded an award from the "Expert RA". But then the nomination sounded differently - "For high growth rates of the client base for APF". In the same year the APF received the "Financial Olympus 2011" award. The corresponding nomination sounded like "Retail NPF". It was awarded in a special category, which was called "Dynamics and efficiency".

In 2011 NPF Sberbank also received diplomas from "Expert RA". And at once in several nominations. The first one is "For high growth rates of client base". The second is "for improving reliability indicators."

In 2010, as evidenced by data from a number of sources, the Sberbank NPF was the only organization in its field that became the owner of the "Company of the Year" award. The nomination sounded like "Finance". In addition, in the same year the foundation received the award "Finance 2010". The corresponding nomination sounded like "For the farsightedness of strategy."

In 2009, APF became the only organization in its field that was awarded the "Financial Olympus" award. The nomination sounded as "The management strategy of a non-state pension fund". In 2008, the Fund received the "Count Guriev" award for its great contribution to the development of the profile industry. In 2007, the NPF was awarded the "Financial Olympus" award. The nomination sounded as "The management strategy of a non-state pension fund".

Customer opinions

Well, regalia at NPF Sberbank is enough. But how do the opinions of clients correlate with them? What is the nature of the reviews they leave on the industry's Internet portals? APF Sberbank - reliable, if you proceed from the opinion of customers, the structure? The question is ambiguous. But we will try to give the guidelines for a possible answer to it.

If we take as a basis the evaluation of the activity of SPF Sberbank by the clients of 2014 or previous years, we can distinguish two groups of opinions. The first are neutral-negative. The second - positive. Concerning the first. People are impressed by the availability and quality of the service infrastructure, which was created by Sberbank. You can go to any branch of the relevant credit and financial organization and ask any questions concerning the work of the APF, solve the emerging difficulties. At the same time, as some clients point out, the level of responsibility of the specialists of some departments, which is quite possible, is due not to the fully worked out mechanism of the fund's interaction and the structure that established it, is not always high. And this is some minus that reflects the feedback. NPF Sberbank, at the same time praised for technology (a little later we will disclose this nuance). They note the high quality of reporting. For example, according to the results of the year, clients always receive documents detailing what NPF Sberbank yields for a specific period. Such kind of feedback can be attributed to the uniquely positive. Also in this category there are opinions that reflect the high quality of consulting agents who conclude with the citizens a contract for pension services. Although, as some experts note, this may not be directly related to Sberbank's personnel policy.

Not only client feedback can speak about public opinion regarding the activities of the fund. NPF Sberbank is present in a number of so-called "people's ratings", compiled by some industry portals. In this case, as a rule, the quality of service is assessed. The specific positions of the fund, however, vary greatly in different versions of the ratings.

Electronic format

Actually, now about the aspect reflecting the modernity of the infrastructure. Above we noted that the work of SPF Sberbank is sufficiently technologically advanced - and this is noted first of all by customers. Mainly it is about online channels of interaction between the fund and investors. Every client has a Sberbank Pension Fund "Personal Cabinet", access to which is possible through the browser. In addition, new customers can also apply for registration in the NPF system through the site of this organization. It is enough to scan photos, passports, SNILS, and then upload them through the online form. According to some experts, modern technologies that are introduced in the NPF Sberbank ("Personal Cabinet" first of all), will subsequently become an industry standard and will be actively used by other funds as well.

Profitability

Now actually about the income. How beneficial is it to give a pension under the management of the Sberbank Pension Fund? 2014 promises to be profitable, based on the economic situation?

First of all, experts note that the benefits of interaction with non-state pension funds depend to a large extent on the specifics of the contracts concluded between them and citizens. The most profitable contracts are the so-called individual plans. The fact is that they are adapted to the actual nuance for Russia - the salary "in envelopes". In addition, this kind of agreement is well suited for citizens with a salary exceeding 47 thousand rubles (since this is the ultimate base for calculating pension contributions).

Now to the specifics. What are the profitability indicators of the Sberbank APF for 2013? The figure published by the organization is 6.74%. To the common man, of course, it may seem modest. However, it is higher than inflation, which in 2013 amounted to 6.5%. And this is one of the main criteria for interaction with NPFs, experts believe. Objectively speaking, it is problematic to earn large sums of depositors of NPFs. The most important thing is to protect the pension from inflation. And if the APF copes with this, the results of its activities, in principle, can be assessed as positive. That's what analysts think. Well, inflation is quite manageable, if you look at the results of 2013, established by such an influential structure as Sberbank, NPF. Customer testimonials indicate that the indicators generally suit citizens. Although, as APF contributors note, there are funds where the yield was higher.

However, it makes sense to study the indicators not only for a single year, but also for several years. It is estimated, for example, that from 2009 to the first quarter of 2013 the profitability of the Sberbank NPF was about 70%. And this is much, about 31%, higher than the cumulative inflation for the corresponding period. Meanwhile, according to some industry ratings, the average annual yield of Sberbank's APF is 7.86%.

Prospects

What are the experts' forecasts of the fund's profitability? What are the chances that on the industry portals will prevail positive, addressed to NPF Sberbank customer feedback? 2014 - difficult for Russia in the economic and political terms. How will the sanctions affect the fall in oil and ruble prices on the profitability of non-state pension funds?

Experts believe that the determining factor here is the actions of the Russian government. In all likelihood, analysts believe, the authorities will have to work hard to modernize the country's overall economic development strategy. If the government can withstand the challenges dictated by the external conjuncture, then there are all chances that the accumulation of citizens in the APF will grow sufficiently intensively.

Aspects of the rating and financial indicators

Now about the ratings and financial indicators. Is it worth to pay attention to them in principle? To what extent do client reviews correlate with them? APF Sberbank of Russia, as is known, is assessed on a higher scale by agencies of the "Expert RA" level. According to one of the latest forecasts of this organization, the reliability of the fund will be stable. There are other ratings, which, in particular, take into account such indicators as the number of clients, profitability, and involve a number of analytical tools from the field of economy - such as, for example, the Sharpe Ratio. On them the fund also occupies high enough positions.

There is information that Sberbank's NPF showed the highest growth dynamics among organizations in its segment in the first half of 2013. By the volume of savings, the fund entered the top three in 2013. It is known that the company is present in TOP-10 organizations of its profile by such criteria as the number of clients with which mandatory pension insurance contracts are formalized, as well as by NGOs.

The average amount of the client's contribution to Sberbank's NPF is about 56 thousand rubles. This indicator is one of the highest among the leading funds. In particular, this is approximately 1.3 times more than the average for the market. By the end of 2013 NPF Sberbank occupied the market share of 6.65%. The volume of accumulation is more than 72 billion rubles.