Modern pension system in Russia is complicated and confusing. The pension is divided into 2 parts: insurance and funded. If the first goes to the payment of benefits to current pensioners, the second remains in the account of the citizen.
What can be done with the funded part of the pension?
Many citizens want to take care of their future on their own. Therefore, they decide what to do with the funded part of the pension. If a citizen does not take the initiative and does not take care of this, the entire amount will go to the FIU. Vnesheconombank manages the funded part of the pension there.
According to the savings from people who wrote permission for an expanded management portfolio, a return of 2.7% was obtained. For other funds of citizens who did not give any orders, a loss came from Vnesheconombank.
But people can form an additional pension using non-state pension funds. On average, their yield is more than 6%. This is one of the reasons explaining why to transfer the funded part of the pension to Sberbank. But before you invest your money, you need to look at the results of the work for the entire time the fund operates.
NPF Sberbank
When deciding where to invest a funded pension, one must look at the profitability and reliability of private pension funds. Many are interested in whether to transfer the funded part of the pension to Sberbank. This famous private Pension Fund it is considered one of the most reliable, as confirmed by both the special National Rating Agency and the well-known Expert RA rating agency.
The profitability of this fund is also not bad and is at the same level as that of other large NPFs. If you count, starting in 2009, then on average its profitability is 8.84% per year.
In order to figure out how to transfer the funded part of the pension to Sberbank, you can call the hotline at: 8 (800) 555 00 41. They will be able to tell you where the nearest branch that is able to provide this service is located.
Fund Benefits
NPF Sberbank is an independent organization, which has the right to manage pension savings of citizens. She has a corresponding license for this type of activity. Sberbank is not directly responsible for the work of this organization, although it owns 100% of the shares.
Before deciding whether to transfer the funded part of the pension to Sberbank, you need to find out what will happen to the money if the organization ceases to fulfill its obligations. This non-state pension fund is one of the first participants to enter the pension savings insurance system. And this means that the state will guarantee the safety of the funded part of the pension of clients of NPF Sberbank. In case of any problems with the fund, the Agency for deposit insurance will be responsible for the refund.
Disadvantages of NPF Sberbank
It is worth noting that some current customers complain about this fund. The problems, however, are not related to changes in profitability. Some people complain about the impossibility of timely receiving the required amounts at Sberbank. It’s easy to understand how to transfer the funded part of the pension with the help of the fund’s specialists, but it’s hard to figure out how to take the necessary money.
Investors say problems arise with timely payments. These include lump sum payments. For some, delays reached up to 3 months.But this is due to the fact that documents are accepted for a long time, checked, transferred to the necessary authorities.
Fund transfer process
There is no point in independently figuring out how to transfer the funded part of the pension to Sberbank. Turning to the specialists of the fund, this can be done much faster and easier.
The main thing is to come to the department with a passport. You will also need an insurance pension application. It'll be enough. Then in the department you will need to familiarize yourself with the contract and sign it if you agree with all the conditions. After that, an application is prepared stating that the funded part of the pension funds will be transferred to Sberbank NPF. If desired, the client can leave a request for co-financing deposits. But this is optional.
Knowing the procedure for paperwork, you don’t have to worry about how to transfer the funded part of the pension to Sberbank. All cares must be taken by a bank employee. In addition, registration is carried out by electronic signature.
Advantages: people reviews
People who agreed to work with NPF Sberbank have a certain impression of cooperation. Therefore, before transferring the funded part of the pension to Sberbank, reviews are worth reading.
In the "Personal Account" on the bank's website, you can see that the funds are being transferred to the account. And on the website of Sberbank you can find out about the profitability of the fund over the past year. People who have been working with this fund for a long time know that they themselves can take part in co-financing future retirement savings. They can independently replenish the account of the funded part of the pension with the help of:
- transfer from the bank card in the "My Account";
- Sberbank Online systems.
Also, a client can transfer money in any branch of this bank in Russia.
You just need to immediately find out how to transfer the funded part of the pension to Sberbank, and after that you can already think about topping up the account. This will increase personal retirement savings. And the fund will already take care to increase them. Contributed money is made out as the fulfillment of the agreement according to the established individual plan.
Disadvantages: customer opinions
Unfortunately, some people have a negative impression of the work of NPFs. Some complain about difficulties arising at the stage of concluding a contract. For example, employees involved in the transfer of the funded part of the pension are not available in all Sberbank branches.
In addition, customers say employees have to be contacted several times. On the first day all necessary copies of documents are left, and only after a certain time the contract is signed.
As soon as the funded part of the pension begins to be transferred to the account at NPF Sberbank, information about this should appear in the "Personal Account". But in some cases this does not happen. I have to contact the bank again to write the corresponding claim.
In any case, before transferring the funded part of the pension to Sberbank, it is better to study the reviews thoroughly. They make it possible to find out that the concluded agreement can be “rejected” and not transferred to the FIU. In this case, the client needs to re-contact the office and conclude a new agreement. Moreover, the bank does not always notify customers about what happened.
