In Russia, since 2002, citizens born in 1967 and later have a pension made up of two components: insurance and funded. The first part (insurance) entitles you to retire upon reaching retirement age, the money withheld from income goes to pay current retirees. This is the prerogative of the Pension Fund of the Russian Federation (PF). In the second, the accumulated money belongs exclusively to the one who pays it. Here you can create capital both through the state pension fund, and through non-state (NPF), for which it is necessary to conclude an appropriate agreement.
To whom to entrust your future
Here is just a wide field of activity (there are many NPFs) and a great responsibility (this is your future pension). Specialists can help, and it would be nice to take an interest in, for example, NPF ratings, the history of a particular fund on the market, read reviews from citizens.
Pension Fund "European"
Non-governmental Pension Fund "European" was founded in 1994. He has experience and offers European service. According to the Russian agency Expert RA, its rating is “A +”, which means “a very high level of reliability”. He is a member of the National Association of Private Pension Funds and is a member of the American Chamber of Commerce. The range of services is large. These are pension savings management, and pension plans (individual and corporate), life insurance and investment products. The European Pension Fund has opened representative offices in more than 50 cities of Russia.
Ratings
By themselves, even very important numbers will say little to the common man. But a place in the ranking is already something. Analysis of the activities of NPFs is carried out regularly. Select from all indicators what is a guarantee of reliability for you. For example, the European Pension Fund in the ranking (rating) for some indicators as of July 1, 2013 (except for profitability - here is the data as of December 31, 2012):
NPF "European"| Indicators | Ranking place | Number of participants in the rating |
| by return on investment savings | 2 | 84 |
| by the number of insured persons | 20 | 95 |
| by the amount of pension savings | 18 | 95 |
| by the number of participants | 56 | 126 |
| by the number of people who already receive a pension | 79 | 120 |
The growth of indicators within a specific fund over the course of several years is also important. Over the past 2 years, the European Pension Fund has increased its pension and insurance reserves, reserves for covering obligations, and income from placed pension reserves.
Reviews
The opinions of people participating in the funds, to some extent, can also help determine. Although you need to understand that this is a subjective assessment of a person, and it depends on the level of his knowledge, attitude to himself or others, and even, say, the weather. The European Pension Fund is no exception. Reviews are both positive and negative. It's quite normal. The main thing is that today people have an alternative.
They have the right to decide where to accumulate funds. Competition encourages market participants to improve and be attentive to their customers.