OREANDA-NEWS. January 26, 2016. Bank of Russia took a decision to introduce a 6-month ban on the following operations carried out by Novy Vek Non-governmental pension fund (PSRN 1037739724021; TIN: 7727220570):

signing new non-governmental pension insurance agreements;

making transactions on independent placement of pension reserves and/or fulfilling obligations on such transactions;

transferring pension reserves and pension savings to trust management of management companies;

debiting the pension reserve account except for paying non-governmental pension.

The ground to take the decision was the Fund’s failure to comply with Bank of Russia instructions to remedy violations of Russian legislation.