The PSB pointed out the importance of long-term savings for the economy

Continuity of government support, focus on family programs, and consistent involvement of employers in the long—term savings program are important components of long-term money formation in the economy. This was stated by Olga Myamlina, Deputy Chairman of the PSB, during the session "Long money for Growth: the role of pension savings in economic development" at SPIEF 2026.

The top manager stressed that the PDS already has the necessary set of incentives - tax preferences and co—financing from the state. It also requires the development of quasi-corporate programs with a set of benefits that would allow companies not to increase financial obligations.

Describing the current model of financial behavior of the Russian savings bank, Myamlina characterized it as a multifactorial result of the high rates of the last two years, short deadlines and pent-up demand. She noted that today the savings market is growing due to interest payments on old capital, and the influx of new funds into deposits has almost stopped (by the end of 2025, the figure was 0.4%).

The Deputy Chairman of the PSB stressed that the profitability of the savings and investment portfolios is almost equal. "It doesn't matter so much to the customer which product it is. The average amount of investments is comparable: 396 thousand rubles is the average check for placement in money market funds, and about 419 thousand rubles are on deposits. With a further reduction in the key rate, 25% of depositors are ready to switch to other financial instruments, and this is the potential for the development of the PDS," Myamlina said.

Among the priority decisions in the horizon of the next two years, Myamlina named the introduction of quasi-mandatory corporate pension programs and the launch of a children's PDS. According to her, these measures will help turn pension assets into a real source of long-term money for the economy and the stock market.