Pension funds enriched plutocrats

 Pension savings could not beat inflationNews Newsland: Pension savings could not beat inflation Management companies with an average yield of 2004 devalued accumulation by 20%. Augment funds managed units.Only four of the more than 50 working in the market of private companies , fund managers funded part of the pension to the long-term managed to overtake inflation. This is evidenced by the calculations carried out by the National League of Governors ( NLU ) . The results are better than state control of EBV shows half of the market .NLU at the request of "Izvestia" conducted calculations yield investment funded part of private managers ( PAMs ) and VEB 2004 to II quarter 2013. Note that the calculations apply only expanded portfolio , which in 2009 were the means of so-called undecideds .

NLU calculations showed that this relatively long period of time ahead of inflation, which for the period amounted to 237 % per annum, could only 4 of the 51 works on the market of mandatory pension insurance (ESOP ) company. And the results are better than VEB expanded portfolio ( 188% ) showed 26 companies . The worst result of the yield management companies - 127 %. According to the analyst Ivan NLU Captain , this means that on average, managers have devalued by 20% the initial amount of savings.In private management companies focused relatively small proportion of pension savings in comparison with EBV and transferred to private pension funds (NPF ) . But do not publish SPF information on return on investment savings management companies , with whom the Fund has concluded agreements (APF not invest directly accumulation ) . Data on the return on investment of the funds transferred to the Criminal Code of the RPF, similar to the results of investment funds transferred to private pension funds .Captain Ivan also explained why the private and public managers got an average yield the same result . All the matter in the crisis of 2008. Before the crisis, PAA showed better results than EBV, due to the possibility to invest in a more advanced set of tools . But made ​​up for EBV in crisis as pension funds invests mainly in government securities reliable .CEO of the management company "Capital" Vadim Soskov believes that by the end of this year, private managers will be able to beat inflation and show results better than the bank, at least 10 % per annum.- Despite the volatility , the market situation is relatively calm , shares provide higher returns than bonds , - he says.Deputy Executive Director of NPF VTB Pension Fund Alexander Lvov notes that customer accounts carried by only the yield , which is obtained at the end of the year as market revaluation of assets are invested in pension funds , made ​​at the end of the year.VEB declined to comment on the results of calculations NLU .It is noteworthy that the number of companies results lower than VEB decreases. In early October, FIU announced that agreements of trust management of pension savings extended from 34 of 51 of the Criminal Code , the rest either do not wish to continue to work in this market , or do not meet the requirementsSource : izvestia.ru