Pension funds rebound in Q2
In 2022 Q2, the total holdings in non-governmental pension funds (NPFs) and the Pension Fund of Russia rose by 2.6% to 6.8 trillion rubles. This growth fully compensated for the fall of the previous three months and was mainly due to the bond market recovery.
Returns on investment of NPFs’ funds (both pension savings and pension reserves) for Q2 exceeded those of Q1, ensuring a positive result for the entire first half of the year.
Clients are still interested in non-governmental pension coverage — voluntary pension schemes funded by contributions from employers and individuals. The number of NPFs’ clients is increasing, albeit at a slow pace (by 0.2% per quarter), driven by the launch of new individual pension schemes, among other things. Over April—June, this segment expanded by 4.2 % to 1.6 trillion rubles.
More details on the situation in the pension market are available in the Review of Key Indicators of Non-governmental Pension Funds.