Russian Standard will pensions

Group "Russian Standard Bank intends to enter the pension market and acquires private pension fund (NPF), the newspaper Kommersant on Tuesday, May 31. Russian Standard Insurance, a member of a group of Russian Standard, completed the acquisition of control over private pension funds "Initiative", which is still virtually no conducted activity. At its base the insurer would develop their own retirement business. Executive Director of the Fund appointed CEO of Russian Standard Insurance, Anton Kushner. Kouchner said that pension "is a logical extension line of financial services available to customers," Russian Standard ". Fund before the end of 2011 plans to begin the conclusion of contracts of compulsory pension insurance (OPS), and then will offer programs and private pensions. As the newspaper notes, in the pension market already includes several funds, founded by the insurers. Among them, for example, Savings Fund RESO (founder of RESO-Garantia ") and Renaissance Life & Pensions" ("Renaissance Life"). In September last year the release of the retirement market has announced one of the largest insurance companies Rosgosstrakh-Life, which bought NPF "Interregional". The main focus of all new entrants is a mandatory pension insurance - the fastest growing segment of the retirement market. Its volume is far more than 1 trillion rubles. From which to NPF focuses only 155.4 billion rubles. pension savings, and most of the savings account funds "undecideds" who are in the VEB. Now there are 941.1 billion rubles. For which the attraction and struggling NPF. In 2010, private foundations from VEB moved 3.4 million people. "At the moment the funds are concentrated in the NPF, several orders of magnitude larger than in life insurance" - explains the interest in this type of business managing director of Rosgosstrakh-Life "Alexander Bondarenko. Russian Standard Insurance is included in the group of Russian Standard, which is owned by Rustam Tariko. According to the rating agency "Expert RA", January 1, the company occupies 25 th place on the contributions (2.7 billion rubles).. In addition to insurance business group "Russian Standard" develops banking and manufacturing and distribution of alcoholic premium products. As noted by Kommersant, the plans of new players in the pension market may prevent changes in legislation abolishing the savings component, which insists that the Health Ministry, one of the regulators of NPF. "Risks in the pension business are greater now than ever before. If the idea of ??the derivation of a funded component of the OPS is implemented, business NPF fall, as contributions are optional, and their own people are not willing to make contributions, "- said the head of one of the NPF. According to him, now on the market uncertainty, and therefore "invest any significant resources into developing this business as long as risky."