What has changed with the launch of the PDS? Is there a high interest among Russians in this mechanism?
— Yes, citizens’ interest in participating in the PDS is quite high. The All-Russian poll conducted by VTsIOM on November 29–30, 2024, showed that every fifth respondent (22%) stated their readiness to participate in the PDS. At the same time, the readiness to participate in the program is higher (32%) among the digital generation — born in 2001 and younger — who actively use digital technologies and better perceive modern financial instruments. The survey results show a stable interest in savings and long-term financial instruments among various age groups. This opens up opportunities for further development of the PDS and improving the financial literacy of the population.
Photo - © Press service of SRO NAPF
— What is the advantage of PDS, as opposed to previous similar instruments? Can we say that it is designed for all age groups?
— Of course, you can. The DIA is a universal taiwan mobile database financial product for any age. Its main differences from all other financial products are state co-financing and tax benefits. It also has increased reliability of deposits: in the event of bankruptcy of a non-state pension fund, the DIA will pay the entire amount, including investment income, within the following limits: the amount of 2.8 million rubles for personal contributions, the entire amount of co-financing received from the state, and the entire amount for transferred pension savings, if the citizen has any. The safety of funds is also ensured by law: NPFs are required to ensure that citizens' investments are break-even for up to 5 years, that is, savings as a result of their investment cannot go into the negative.
The requirements that the state imposes on the work of NPFs have led to the fact that there have been no bankruptcies in our market over the past 10 years.
— How have changes in conditions on the Russian financial market affected the profitability of NPF investments?
— NPFs have always been fairly conservative investors. The fund portfolio is formed in such a way as to successfully resist negative trends in the financial market. Such a balanced approach to the formation of investment portfolios is dictated by two key tasks that NPFs perform: to preserve people's savings and protect them from long-term inflation.
By law, funds must invest clients' funds only in financial instruments that have the best ratio between expected returns and risks. In the event of a violation of this requirement, the Bank of Russia obliges the fund to compensate clients for any losses incurred.
In the context of a tight monetary policy, NPFs increased the share of investments in deposits and money market instruments to 5-6% of the pension asset portfolio, which is explained by the high profitability of such instruments. Management companies also invested funds in securities linked to inflation in order to receive additional income when interest rates rise or in the event of inflation growth.