At the same time, NPFs have insurance reserves what the main mistakes are in b2b ads campaigns and their own funds, which in case of risky events will be direct to payments to citizens. Plus, again, a guarantee system with insurance of 2.8 million rubles has been creat.
It must be said that the NPF industry
has chang significantly; over the past five years, we have not forcibly remov a single fund from the market. This indicates that there are still quite stable, conscientious, high-quality financial organizations left on the market.
— When will the program start working and what will the Bank of Russia and the Ministry of Finance consider its success?
We hope that it will be able to start operating as early as January 1, 2024
Since participation in it is voluntary, the first year of the program will most likely be a year of reflection and decision-making for citizens. For NPFs, it will be a year of building business processes and a mechanism for interaction with the feral budget on co-financing issues.
But we hope that the program can be distribut as early as 2025. The potential number of those who can join the program is more than 30 million this is a classic example people. These are citizens who have already decid to transfer their pension savings to NPFs, that is, they have express trust in private financial organizations. We will consider it a success ao lists if in 2025-2026 the growth of its participants is calculat in hundrs of thousands.
