NGPF yields for nine months twice the reading of inflation

Non-governmental pension funds (NGPF) posted 4.6% p.a. yield from pension savings invested for the first nine months of the year; yield from pension reserves exceeded 4.9% and was ahead of the corresponding period's inflation of 2.2% p.a.

According to the funds’ financial statements, their Q3 pension savings were up 0.5% to reach 2.41 trillion rubles, while pension reserves rose 0.3% to 1.13 trillion rubles.

The total number of insured individuals contributing savings out of their income to NGPFs decreased by 39 thousand to 34.4 million. The non-governmental pension system saw a reverse trend, with the numbers of NGPF clients growing by 122.4 thousand to stand at over 5.7 million as of late September.