In 2016, three non-state pension funds were merged into JSC NPF SAFMAR: European Pension Fund (JSC), NPF REGIONFOND (CJSC) and JSC NPF Education and Science. Reorganization of the funds was carried out in the interest of their customers in order to increase the efficiency of the management of pension assets and improve the level of customer service. Consolidation of the funds will enhance the control over risks, operating processes and expenses. JSC NPF SAFMAR is a member of the system for guaranteeing the rights of insured persons.
The reorganization of the funds is based on the decision of shareholders of all the NPFs.
On August 18, 2016, the Central Bank of the Russian Federation made a decision to satisfy the request to reorganize JSC NPF SAFMAR in the form of incorporation of three other funds: European Pension Fund (JSC), NPF REGIONFOND (CJSC) and JSC NPF Education and Science. Earlier, in May 2016, the reorganization of the funds was approved by the Federal Antimonopoly Service.
According to the requirements of the Bank of Russia, all terms and conditions of obligatory pension insurance (OPI) agreements and non-state pension provision (NPP) agreements remain in full force and effect (Article 33 Clause 3 of 75-FZ: “Reorganization of the Fund is carried out according to the resolution of the General Meeting of Shareholders in agreement with the Bank of Russia provided that the terms and conditions of non-state pension provision of members will not be compromised”).
All current obligations of the funds to their customers will remain in force and will be performed by JSC NPF SAFMAR in full according to the terms and conditions of obligatory pension insurance agreements and non-state pension provision agreements concluded.
It is not required to renew the agreements. All terms and conditions of obligatory pension insurance (OPI) agreements and non-state pension provision (NPP) agreements remain in full force and effect according to insurance (for OPI) and pension (NPP) rules applicable at the date of conclusion of the pension agreement.
If a contributor (member) under a NPP pension agreement wishes to change the conditions of the scheme according to pension rules of JSC NPF SAFMAR, they will be advised to enter into a supplemental agreement to their NPP agreements.
The name “SAFMAR” is generated from the names of the parents of Mikhail Gutseriev and, therefore, the grandfather and grandmother of Mikail Shishkhanov – Safarbek and Marem. The name of the Fund is an homage to ancestors by shareholders of JSC NPF SAFMAR. It emphasizes that a family is the most important value for anyone.
Previously the fund was called CJSC NPF Raiffeisen. In 2015, the transaction for the acquisition of the fund from JSC Raiffeisenbank was completed. Then the fund was renamed JSC NPF SAFMAR.
The fund has a rating at the level of A++ (exceptionally high (highest) level of reliability) of the rating agency Expert RA. The rating is an expert assessment of the rating agency Expert RA and shows the NPF’s degree of reliability.
Expert RA is the largest national rating agency in Russia and is included in the Register of Accredited Rating Agencies of the Ministry of Finance of the Russian Federation.
JSC NPF SAFMAR (previously CJSC NPF Raiffeisen) joined the system for guaranteeing the rights of insured persons early in 2015. This system is a special state program initiated by the Deposit Insurance Agency, it ensures the safety of the nominal value of all amounts contributed to the pension account of a future pensioner. All the funds participating in the reorganization (JSC NPF SAFMAR, NPF European Pension Fund (JSC), NPF REGIONFOND (JSC), NPF Education and Science, JSC NPF Doverie) are members of the system for guaranteeing the rights of insured persons.
Customers of JSC NPF SAFMAR will be serviced in bank branches of the BINBANK Group (now about 500 offices in more than 180 cities). We are seeking to increase the number of the Partner’s fund.
Pension savings of customers of the incorporated funds will continue generating in JSC NPF SAFMAR. Upon the reorganization in the form of consolidation with JSC NPF SAFMAR the legal relations between the funds and their customers will not change. JSC NPF SAFMAR will continue to fulfill all obligations of the incorporated funds to their customers.
No, it won’t. Upon reorganization no conditions will be less favorable for customers of the incorporated funds.
The accumulated yield will continue to be calculated on an accrual basis.
The reorganization in the form of consolidation with JSC NPF SAFMAR does not result in any changes of obligations to customers: the funds will continue paying pensions, accrue investment income on accounts of depositors and participants and carry out indexation of pensions in case of receipt of relevant contributions and investment income.
There will be no changes in the payment of accumulative pension for customers of the funds, all obligations to customer will be performed in full.
The payment will be made on the date provided by the Pension Rules of the incorporated NPF. The payment obligations will be fulfilled by JSC NPF SAFMAR.
The payment will be made by JSC NPF SAFMAR.
At the moment, the access to the Personal Account is available to customers who had the possibility to connect to the service (including customers of the incorporated funds NPF European Pension Fund (JSC) and NPF REGIONFOND (JSC)).
To sign in, use your previous login and password.
Those who did not have access will have the possibility to sign in to the Personal Account later. Please, ask any questions about the operation of the Personal Account by the phone 8 (800) 700-80-20 or e-mail firstname.lastname@example.org.
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