NPF “Sberfond” refused the license
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NPF “Sberfond” has refused the license to carry out activities for compulsory pension insurance and non-state pension insurance (NPO). Sberfund sent the corresponding application to the Central Bank of the Russian Federation (CB), follows from messages regulator. Accordingly, there are 39 licensed pension funds left in Russia.
At the end of the third quarter of this year, the fund’s assets amounted to 227 million rubles. 200 million of them were placed on deposits.
According to the Central Bank, in the second quarter of this year, the value of the total portfolio of pension funds increased to 6.8 trillion rubles. (+2.6%) after falling in the first quarter. The amount of NPO pension reserves increased by 4.2% to 1.6 trillion rubles.
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