OREANDA-NEWS. January 21, 2007. The Federal Financial Markets Service (FFMS) of the Russian Federation has issued to the Pension Reserve Management Company a license permitting a professional participant of the securities market to conduct operations in investment funds, unit investment funds and private pension funds management.

The issuing of the licence confirms the full compliance of the activities of the Pension Reserve Management Company with the FFMS requirements imposed on management companies.

The Pension Reserve Management Company (LLC) is a strategic partner of the Bank of Moscow in the market of trust management of pension accruals. It ranks 2nd in Russia among private management companies with regard to the total pension accruals amount placed in management by the clients. As of December 29 2007, the pension accruals amount under the administration of the Pension Reserve Management Company totalled 1,480.4 mln rubles. With regard to the amount of application, the Pension Reserve Management Company occupies the leading position among the management companies of Moscow who have negotiated contracts on trust management of pension accruals with the Pension Fund of the Russian Federation. The individual reliability rating of the Pension Reserve Management Company, assigned by NRA is ААА, which indicates the maximum level of reliability. It administers the Russian citizens’ pension accruals funds as well as pension reserves of private pension funds and the Nakopitelniy Reserve open blend mutual investment fund. FFMS licence No 21-000-1-00108 of February 7 2003.

More details on the Management Company Pension Reserve and its activities related to management of pension accruals can be found on www.pensionreserve.ru.