Selecting a pension fund: step-by-step instruction

Before modern people who are worried about their future, namely, a comfortable existence after reaching the retirement age, at this stage of the development of the economy, the question arises: what is the trust organization to entrust to store, and also to save up their money? After all, now absolutely every citizen is free to independently choose the pension fund, so to speak, the guarantor of his comfortable old age. Choose not only between state and non-state managing organizations, but also in case of preferring the second option, choose the most optimal APF for themselves.

In order to make an informed choice of the pension fund and not to lose, it is necessary to clearly understand the difference between state and non-state managing organizations. NPFs have appeared relatively recently and offer excellent conditions for the storage and accumulation of cash to their customers. However, people do not indulge these non-governmental pension institutions with their trust.

How can we make the right choice of a pension fund? Below, all the necessary information will be presented so that each person understands which management organization is closer and more profitable for him.

First of all, it is necessary to understand the difference and basic principles of work, both state and non-state pension funds.

Features of the state management organization

Unfortunately, with the development of a modern economy, one can not be sure of anything. Citizens who keep their pension savings in the RF Pension Fund risk being left in their old age with a meager pension. The fact is that a high level of inflation does not allow you to get good interest on savings. All pension savings, entrusted to the Pension Fund of the Russian Federation, are transferred to Vnesheconombank. It is worth noting that this financial institution is not responsible for the safety in case of losses. At the same time, it can not be said that by giving their money for storage to a private management organization, a client with a 100% guarantee will receive a decent pension. There is no certainty that in many years this or that institution will be able to pay the promised amount to its clients, including the private pension fund. The choice of a state pension fund should not be denied at all. Still, it is called upon to carry out important functions and tasks.

Why were APFs created?

The purpose of the pension reform, which resulted in private pension companies having the right to store and multiply the savings of citizens, is to facilitate the work of the Russian Federation Pension Fund. They are called upon to assume part of the powers and expenses of the state in this industry. This tactic of reform allowed us to spend money more rationally, which led to an increase in the interest rate in comparison with Vnesheconombank.

If everything is transparent and clear regarding the RF PF, because it is the only representative of its kind, then a large number of questions and misunderstandings arise regarding NPFs, which have appeared a great many. Therefore, the choice of a non-state pension fund is difficult. Before writing an application for the transfer of their savings to the management of one of the APF, it is worthwhile to familiarize in detail with the principles of the work of private organizations.

Peculiarities of NPF work

Positive aspects, for which it is worth choosing a non-government pension fund :

• A citizen can change the amount of future retirement benefits. Each person independently and individually for himself determines the amount of money that is put on the account of the pension fund and, accordingly, the equivalent of which will depend on the size of his future pension benefit. The State Pension Fund does not grant such a right of choice.
• Receiving pension savings from several sources. Already the fact that a person is a client of a non-state pension organization automatically gives him the right to receive two pensions - his own, as well as from the state. One must understand that the rights of a citizen are not limited to participation in only one non-state pension organization. Their number can be infinite.
• Insurance against negative state pension reforms. At this stage of economic development, one can not be completely calm, and what will happen in ten years is a mystery. After all, many countries are implementing pension reforms, which all increase the retirement age and reduce the size of the pension benefit. Therefore, for any person remains unknown to the size of his pension and then, whether she will have it in principle. And being a client of a non-state pension fund, you can fairly accurately determine the amount of pension and the date of commencement of its payment.
• Accountability to the state. All non-state pension institutions are strictly subject to the current legislation of the state, must have all necessary licenses and permits and provide reports on their activities to special state bodies.
• Tax benefits. The preferential system adopted for such non-state pension institutions provides for the provision of benefits both to the clients of the fund and to employers who dedicate their funds to this fund.
• Quite a high degree of transparency of activities. Each participant of the fund has the right at any time to receive an extract from his account. In addition, once a year the fund independently reports on the state of the account to the depositor.

• Investing only in proven reliable assets. Non-state pension organizations are engaged in investing only in the audited financial institutions, the list of which is approved at the legislative level.
• Competent separation and storage of all monetary assets. The work of non-state pension institutions is based on the fact that for each individual operation there is a specific apparatus of activity, this greatly simplifies the work of the institution's employees, and minimizes the risks of depositors with regard to the activities of all kinds of fraudsters and charlatans. At the same time, each apparatus is individually accountable to the state for the work done.
• Hereditary nature of the transfer of cash savings. The pension savings of a client of a non-state fund can be inherited. Therefore, in case of death of the owner of savings, the whole amount can be transferred to his next of kin.
• Free transfer of savings from one non-governmental institution to another or to the state pension fund. In the event of any unforeseen circumstances or the emergence of personal motives, the depositor has the right to transfer his money to another non-state pension fund or to entrust their storage and accumulation to the state on the terms stipulated in the previously concluded agreement.

Pension Fund: the choice of the management company

Undoubtedly, the first thing to understand is the difference between public and private institutions. Having studied all the above information, every citizen can make his personal conscious choice of the pension fund, namely, which institution should they trust in the matter of their safe old age: state or non-state.

Now you need to decide on a particular management company. If the citizen decided to entrust the accumulation of his savings of the Russian Federation, then there can be no difficulties. He's only one. It is much more difficult to make the right choice of a non-state pension fund. To what date can you write a statement, how to choose a private management company?

Step-by-step instruction for selecting APFs

The choice of a private organization should consist of a number of mandatory criteria. Each of the applicants must meet certain requirements.

Year of Organization

The older the organization, the more reliable it is. Experts recommend giving preference to applicants established before 1998. This means that they were able to successfully survive the crises of 1998 and 2008.

Composition of founders

It is best to give preference to organizations whose founders are representatives of the economic sector. It can be large enterprises engaged in the extraction of minerals, representatives of the metallurgical and energy industries. Do not trust management organizations, headed by a small financial institution, private person or other small companies.

Profitability

It can be analyzed according to the reports of the management company, which it gives to the Central Bank of Russia. This is the most important criterion of choice, on which the size of future savings depends.

Place in the ranking

They are formed by rating agencies on the basis of data on profitability, strength and other objective criteria. It should be noted that the degree of popularity of this or that management organization may be different. Therefore, it is worth considering the situation in the aggregate and choosing the non-state pension fund on the basis of all available data, and not on a specific criterion.

Openness of the fund

In accordance with Russian legislation, for the participants or potential participants of the APF, all necessary information should be freely available. The list of such data is established by the Federal Law "On Non-State Pension Funds".

Investment portfolio

The ability to determine its type is not provided by every pension fund. The investment portfolio is chosen by writing an application. You can do this in three ways: personally (through a representative), send by mail or in your account on the online resource.

Terms of the selection of the pension fund

A citizen can change a management company once a year. Many people have a question when they made their choice of a pension fund - how long can I apply for a change of management company? Write a written appeal until December 31.