Experts told about actions in case of reorganization of a private pension fund

Reorganization of a non-governmental pension fund (NPF) is a process under which the fund may be merged with another one, transformed into a new organization or split up. Experts told Izvestia on January 20 how to act if an NPF undergoes reorganization.

The fund is obliged to inform its clients about the reorganization. The notification can come via the Gosuservices portal. It will indicate exactly how the reorganization will be carried out and to which fund as a result will be transferred the means of a person's funded pension.

"When several funds merge and undergo a reorganization procedure, their clients should not worry. Their funds are protected by law, and any additional actions and renegotiation of contracts are not required. The merged fund will continue to fulfill all obligations to clients (pension payments, investment of funds, etc.) by way of legal succession. Usually the process is comfortable for clients, funds necessarily inform them about the beginning of reorganization and all stages of the merger", - told "Izvestia" in "VTB Pension Fund".

In turn, in SberNPF said that if a citizen does not agree with the reorganization of the fund, he can choose another NPF. To do this, it is necessary to conclude a contract on compulsory pension insurance (OPS) with the selected fund and submit an application for transfer to the Social Fund of Russia (SFR). If a person transfers to the SFD, it will not be necessary to conclude a contract. There are two ways to transfer to the new fund: by application for transfer (funded pension assets will be transferred after five years, all investment income will be preserved): by application for early transfer (funded pension assets will be transferred by March 31 of the following year, but in such a transfer you may lose investment income for 1-4 years). You can find out whether there will be losses of investment income in the SFD.

Experts noted that when the NPF sends a notice of reorganization, it specifies the period during which people can take advantage of early transition without losses. Usually this period is 30 days from the date of notification. In this case, a person can early transfer to the chosen fund (NPF or SFD) without loss of investment income. The main thing is to have time to conclude an OPS contract with the selected NPF and submit an application for early transfer to the SFD within a month after receiving notification of reorganization.

"If the new NPF you are fully satisfied with the new NPF, additional actions do not need to take - your funded pension funds will automatically be in the reorganized fund", - said the Director of legal projects SberNPF Kirill Savin.

According to the expert, when choosing an NPF, it is worth evaluating the return on investment of the fund - to make sure that the fund effectively manages funds. You should also check the reliability rating of the fund from independent rating agencies and study online services: whether the fund has convenient digital tools to track your savings. In addition, you should check whether the fund participates in the system of the Deposit Insurance Agency - this is a guarantee of safety of funds in case of financial insolvency of the fund.

It is important, when receiving a reorganization notice, to evaluate the proposed changes and make sure the fund is reliable.

Earlier, in early December 2024, analysts of NPF "Dostoinoye Futures" told "Izvestia" that Russians in the III quarter invested in non-state pension funds 36.5 billion rubles. This result exceeded the figures of the second quarter by 87%. Most of these new funds - 26.3 billion rubles - were invested by citizens in the new long-term savings program.