OREANDA-NEWS. December 18, 2012. The Bank is set to offer customers a wider range of mandatory retirement insurance options throughout its entire network by way of coverage policies issued by StalFond private pension fund.

Consistent with its commitment to constantly refine and improve its retail segment, Uniastrum’s individual-client activities are not restricted to lending alone, but also seek to provide other products such as loan and mandatory retirement insurance.

From now on, anybody wishing to take out a mandatory insurance policy with StalFond PPF can do so by simply visiting a Uniastrum Bank outlet, where he/she will be asked to present a Russian passport and a State Pension Insurance Certificate. Once the relevant agreement has been signed, the funded component of the pension is immediately transferred to StalFond management. This new services is already operating at Uniastrum branches in Yekaterinburg, Kazan, Krasnoyarsk, Nizhny Novgorod, Omsk, Tyumen, Khabarovsk, and Orenburg. Before too long, it will also be available in all regions under the Bank’s coverage.

Pension savings management is becoming an increasingly popular financial service in Russia. According to NAPF (the National Association of Private Pension Funds), to date over 15 million Russian citizens have opted to place their mandatory retirement insurance savings with pension private pension funds.

“We are delighted to have started a working relationship with Uniastrum, particularly in view of its well ramified network throughout Russia and its ranking as one of the country’s biggest banks,” says StalFond Partner Sales Director Maxim Volkov. “Also, Uniastrum already is also a seasoned player when it comes to promoting pension products. I have no doubt whatsoever that our partnership program will be a success.”

“Our branches offer customers a rich choice of quality financial services and we continue our efforts to ensure it is as extensive as possible,” notes Susanna Uzunyan, Head of Uniastrum’s Retail Products Division. “Thanks to the Bank’s partnerships with private pension funds our customers have swift access to detailed and expert advice and can take out mandatory retirement insurance directly at a Uniastrum outlet.”