NPFs’ pension portfolio amounts to almost ₽9 trillion
Non-governmental pension funds (NPFs) registered maximum growth (by 7.3%) in their pension reserves in 2025 Q2. This resulted from a rise in income from investing these funds and an inflow of money into non-governmental pension schemes and the long-term savings programme. Pension reserves totalled ₽2.5 trillion.
NPFs’ pension savings went up by 3.2% to ₽3.5 trillion, due to the increase in investment income. The weighted average returns (before the payment of the remuneration to NPFs) on pension savings and pension reserves rose to 15.5% per annum and to 19% per annum, respectively.
In 2025 Q2, NPFs were purchasing primarily fixed-coupon federal government bonds and were expanding their investment in shares. These financial instruments were popular in anticipation of further growth in prices in the stock and bond markets amid a decrease in the key rate.
More details are available in the Review of Key Indicators of Non-governmental Pension Funds for 2025 Q2.