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VTB Pension Fund issues one millionth mandatory insurance policy

 
27 February 2013

VTB Pension Fund issues one millionth mandatory insurance policy.

The number of mandatory pension insurance contracts signed by VTB Non-State Pension Fund has reached one million.

The one millionth client is Pyotr Lukin from Yekaterinburg, who signed the necessary documents to transfer the funded part of his pension to the Fund at his local VTB24 branch.

The Fund had a good year in 2012 in terms of the number of new contracts: 457,000 Russians signed up last year, 17% more than in 2011.

“The fund has seen rapid growth and this trend is likely to continue into 2013,” VTB Pension Fund Executive Director Larisa Gorchakovskaya said. “It began after the funded component of labour pensions was reduced from 6% to 2% for those who are not clients of non-state pension funds nor have submitted an application to choose one of the investment portfolios offered. The fund’s improved performance is also evidenced by the high level of customer service, a developed regional network of branches and partner funds meeting the same high service standards.”

For reference:

VTB Non-State Pension Fund (www.vtbnpf.ru) is a fast growing non-state pension fund and a market leader in Russia. It is part of the international financial group VTB.

The Fund offers the full range of mandatory pension insurance services and non-government pension plans, including tailored corporate pension programmes.

VTB Pension Fund serves customers through a chain of over 1,300 regional offices, which include its own branches as well as VTB24, Bank of Moscow, and TransCreditBank operations offices and other partner banks across Russia.

VTB Pension Fund’s reliability has been affirmed by the Expert RA national rating agency, which rated it A++ (meaning exceptionally high reliability with a stable outlook).

As of 31 December 2012, the founder of the Fund had invested a total of RUB 457.47 million (US$14.95 million). The fund’s assets amounted to RUB 37.64 billion roubles (US$1.2 billion).

Its licence No. 269/2 was issued by the Federal Financial Markets Service on 18 October 2007

For more information please visit the VTB Pension Fund website.

Address: building 5 at 52 Kosmodamianskaya Embankment, 115054 Moscow

Round the clock customer service number: +7 (800) 555-2535. Calls from Russian regions are toll free.


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