Pesionnye pacifiers

In the coming weeks, Federal Financial Markets Service to publish statements of pension funds in 2010. According to market participants, its own assets (total assets) for the year NPFov to exceed 900 billion rubles. Funds have become the main force of the market asset management - they own half of the funds under management in private companies. Now NPFy receive from FIU-up campaign in 2009 64 billion rubles (almost twice the previous year), so that the total amount of savings at their disposal will exceed 200 billion rubles. Dear clients. Despite these achievements, the new year so far goes to NPFov marked by uncertainty. On the one hand, the retail program is clearly progressing well. In 2010 NPFy attracted 3.9 million new customers, bringing the total to 11 million people, and it is expected that up to 2011 pre-crisis double the performance. Many pension funds have attracted more than hundreds of thousands of new clients: according to unofficial sources, it was almost ten funds. At the same time was a record year and the number of refusals to register: FIU "wrapped" 870 thousand contracts. "The problem is not new, just the absolute numbers were twice as high and hurt the eyes," - explains the chairman of the National Association of Pension Funds Konstantin Ugryumov. In addition to the risk of scandals about fraud and deception customers, which is afraid of each fund, a share of failures means that each client has managed NPFam on average 20% more expensive. Meanwhile, and without cost to attract one customer can reach 1,500 rubles. We are talking not only about what NPFy a year will get new management in billions of rubles, but that they have in the past year have paid for hundreds of millions of rubles of cash, which will have to return at the expense of the same income of future pensioners. The scandals about fraudulent contracts occurred in the past. This problem surfaced in early 2009, and eventually admitted guilty of dishonest agents, saying that those for a piece of bread ready to go on anything. "We found it necessary to hold 100 percent of new customers rang. It's expensive, but this can not be without. Also, be sure to demand a copy of your passport for signature comparison, - says CEO of NPF "KIT Finance" Anton spire. - But scammers are ingenious, and completely get rid of them. " Although, as stated by the RPF, after timely decisions steep number of complaints dropped dozens of times, it is obvious that the problem still remained. However, the number of fraudulent contracts, market participants unanimously appreciate the "one percent". The main reason for rejection of the procedure follows from the translation of customer FIU SPC: annual customer may submit multiple applications, and is valid only recently. In addition, as noted by Anton Shpilev, in recent years increasingly common situation where the client does not remember where his account, and wrote a statement on the transfer of the RPF, although it has long passed into one of NPFov. Frequent failures due to errors entering personal data, and inaccuracies can be not only from the NPFa, but also in the database FIU. And as a third-party access to it does not, adjust them virtually impossible. "We are working with the RPF, and we have yet to understand the causes and how to fix the problem" - says Konstantin Ugryumov. Nedohod. Retail activity is explained by the NPF is simple enough. Before the crisis, market-based corporate programs were voluntary pension insurance: by October 2008 the total amount of pension reserves stood at 506.7 billion rubles-lei, while the savings in the conduct of SPC was only 39.9 billion rubles. During the crisis, everything changed: the majority of corporate programs to a halt, while the accumulation of business will not depend on a regular basis and "drip" on account of each employee. And with the launch of the state program co trend only intensified, citizens suffered on savings accounts more money as soon as it became clear that the state automatically doubles the size of pension contributions. However, now restored growth in the market and pension reserves, the largest expense for corporate programs were state-owned companies, and they continue, says Anton spire. "The program co-introduced to the market turmoil, having made a mandatory part of a voluntary, but companies working on such a scheme unprofitable, - he said. - It is a tool of personnel management and are often implemented in such programs delayed the transfer of rights, and work on co-financing program - it just lost the company money and can not be used to hold the employee. " In addition, according to him, not for all employees is an effective promotion of $ 12 thousand a year, and more government program does not support. Because growth in 2011 to attract retail customers may not be as significant. The main argument has always been a return, but in terms of results-based management in 2010 was not as successful as the previous one. In 2009, the profitability of pension savings in the vast majority of the funds ahead of inflation, while 25 funds (more than a third of participants ranking investfunds.ru) were able to show the current and future clients with the result that exceeds cherished for every investor 20% per annum. Last year was not so fruitful: According to unofficial data, 22 funds, which account for 49% of all pension funds in private pension funds, the weighted average yield was 10.7%. It received more than VEB 7.62% on the expanded portfolio and 8.17% for the portfolio of government securities, but the difference is not as significant as we would like customers. For old sins. Decline in yield in 2010 can be attributed not only to the vagaries of the stock market. For example, in 47 out of 61 management company that works with pension savings, the yield for 2010 was mentioned more than 10.7%, and as many as 9 of them were able to earn more than 20%. It is not excluded that the result influenced by the need to suppress losses in 2008. The fact that the crisis arose legislative conflict: on the one hand, managers are not responsible for investment results, and can not guarantee profitability, on the other - the law requires the preservation of pension funds. This led to the bankruptcy of several recalcitrant management companies, the rest were able to reach a consensus with NPFami. However, the capital of the vast majority of CC are small, and thus extinguish these debts can only be from new revenues from management. "Accurate data are not available, but we assume this is possible", - Konstantin Ugryumov agree. "Accumulated deficit at the moment is a number of funds: the loss amounted to 25-30% of assets in 2009 to just cover failed and in 2010 also did not give such an opportunity, - says Anton spire. - At the beginning of our stock portfolio had a small crisis, and we were able to cover losses from its own funds, but for many others there is only one option - to rely on new revenue from the investment of pension assets. " However, the decline in attracting retail customers should not be expected. "The retail attraction is unlikely to suffer: the market for corporate programs, long divided, and market participants have no other way but to increase sales activity - says Konstantin Ugryumov. - Besides, people understand that the yields in NPFe still higher than the VEB and the reliability is higher than in the Criminal Code. "