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Saturday, March 17, 2018

Licenses can lose 17 non-state pension funds

In Russia can lstats without a license 17 non-state pension funds (NPF) with total pension savings of more than 900 billion rubles. This is due to membership in two self-regulatory organizations.

As write “news”, Association of private pension funds has applied to the Central Bank for obtaining the status of SRO on August 11. With 13 funds of the Association members are already members of another Association – the National Association of pension funds, which has already received the status of SRO. Membership in two self-regulatory organizations will automatically be considered a violation of the law that allows the Central Bank to revoke the Fund’s license.


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