OREANDA-NEWS. RusRating has assigned a reliability rating to the non-state pension fund ZAO NPF "Doveriye". The rating is "A+" on the national scale and "BB+" on the international scale, in both cases with a stable outlook.

The rating is based on a high percentage of liquid assets, strong returns on invested pension assets and minimal pay-outs under mandatory pension programmes.

Constraining factors include limited diversification across management companies and the low value of own funds compared to pension savings. About the Fund

NPF "Doveriye" is a non-state pension fund set up in 1997 that is licensed to handle both mandatory pension coverage and private pensions. Its principal shareholder is OOO Invest-Proyekt, whose beneficiary owner is Alii Alievich Yevloyev. Currently the Fund ranks thirty-first in Russia by own funds, twentieth by pension savings and sixty-first by pension reserves. It is a strategic partner of B&N Bank.

The Fund's assets consist mainly of cash holdings. Returns on invested pension assets are above-average for the market. The Fund is close to actuarial balance and the gap between the actuarial value of pension assets and obligations is covered by its own funds.