OREANDA-NEWS. October 06, 2015. Bank of Russia has considered applications of:

— the joint-stock company Non-state Pension Fund Defence Industrial Fund named after V.V. Livanov (Licence No. 347/2) and

— the joint-stock company Non-governmental Pension Fund UGMK-Perspektiva (Licence No. 378/2) (hereinafter, the Funds)

and has drawn positive conclusions on the compliance of the Funds with the requirements to participate in the system of guaranteeing the rights of insured persons, guided by the provisions of Federal Law No. 422-FZ, dated 28 December 2013, ‘On Guaranteeing the Rights of Insured Persons in the Compulsory Pension Insurance System of the Russian Federation When Forming and Investing Pension Accumulations, and Determining and Making Payments Using Pension Accumulations’.

Based on the decisions made earlier, the Bank of Russia has already drawn positive conclusions on the compliance of 31 non-governmental pension funds with the requirements to participate in the system of guaranteeing the rights of insured persons. These funds control 1,578 billion rubles of pension accumulations, which account for 94.94% of the market of pension accumulations of non-governmental pension funds.