Federal Financial Markets Service proposes to check private pension funds

The Federal Financial Markets Service (FFMS) will hold a desk audit 150 private pension funds (NPF), the Russian Federation. That is, the agency will request the necessary documentation, its representatives directly to the office of APF will not come. We have good reason FFMS to properly check SPF, assured the head of service, Vladimir Milovidov. According to him, the funds will be required to send data about how they have reflected the results from the investment of pension savings and pension reserves in 2008. Recall that this year many of the NPF have suffered losses. First of all, check it touches them, said Milovidov. He recalled that the Moscow Arbitration Court upheld an order for Federal Financial Markets Service Firm "Promregionsvyaz. "This fund received complaints that he has reduced the rights of depositors to the amount of incurred loss - told RIA - Novosti Milovidov. - Our testing has confirmed this fact, and the fund was directed to change the prescription of targeted results that separated the accounts of customers." In other words, the amount of retirement savings because of the crisis has decreased, while the fund decided that it was not his problem management and customers. While by law, if year-end fund has a loss on the investment of pension reserves and savings, the council may decide to NPF to cover his own expense. As said Milovidov, unofficial sources department has learned so far received more than one fund. "I support the fact that the losses should skip the fair, to take measures for their closure and keep the accounts of depositors," - said Milovidov. He recalled that the office has introduced the qualification certificates for the NPF, which necessarily must receive general manager and controller of the Fund. "We have an understanding that the quality of governance in the SPF should be at a higher level. Because of losses incurred in the crisis year 2008, not only to blame the crisis and management companies, they have a large share of themselves and firm", - concluded the head federal agency. According to the Federal Financial Markets Service on October 1, 2009 in the Russian Federation operates 163 NPF. Today she is working with twelve million Russian citizens. According to preliminary estimates, the total pension reserves NPF last year totaled about 580 billion rubles, retirement savings - 150 million rubles. In 2008, the return on investment of funds averaged minus 20%.