Total pension portfolio exceeds ₽8 trillion: 2024 results
The amount of pension funds increased due to the launch of the long-term savings programme (LSP), the inflow of funds into the non-governmental pension coverage (NPC), and returns on investment.
In the first year of the LSP alone, 2.8 million people joined the programme. This is 50 per cent of participants in the NPC, which has been effective for more than 20 years. As of the end of the year, the amount of investments in the programme reached about ₽205 billion, taking into consideration the transfer of pension savings from the compulsory pension insurance system. For the first time in 10 years, four new non-governmental pension funds (NPFs) appeared in the market, which demonstrates the popularity of the programme.
In 2024 Q4, the structure of the NPF portfolio changed in favour of investments in money market instruments, which made it possible to earn income close to the key rate. Investments in deposits also rose. However, the share of investments in federal government bonds declined.
Read more in the Review of Key Indicators of Non-governmental Pension Funds for 2024.