Control of lost pension savings of Russians

Pension savings of Russians are threatened: the first half of 2008, their profitability, including the portfolio of Vnesheconombank, which are pension funds Russia, was not just below inflation, and left in the negative.

It is lamentable result was obtained when the country is not yet covered by the financial crisis, notes the "Nezavisimaya Gazeta". The results of the second half promise to be much worse.

- The crisis wiped out the effect of public financing of pensions

With inflation in the first half to 8.8%, the average yield of all 63 pension portfolios, taking into account VEBa was minus 2.82%. The real purchasing power of pension savings of Russians have fallen for six months, more than 10%.

According to Interfax, the private UK have failed to worse performance VEBa example: the average non-state companies have shown a negative return of 2.89%, while the VEB ensure that a yield of 2.41%.

Better VEBa able to show results, only 4 out of 62 private UK: UK "Opening", UK "VIKA", "RN-Trust portfolio and conservative capital preservation UK" Trinfiko. " The maximum yield management company has given "Opening" - 3,55%, while the minimum - Troika Dialog, minus 10.56%.

The ratio between the funds concentrated in VEBe and in the portfolios of UK, remains unchanged: the share of private managers in total retirement savings allocated to the pension fund in trust, representing 3.4% - about 12.27 billion rubles While under the management of public UK concentrated 96,6% of the funds - 353.7 billion rubles.

Analysts believe disappointing results of the first half of a natural and expected, given the complex situation on the domestic stock market.

The State virtually guarantees a 100% return on investment, not exceed 12 000 rubles a year. However, there is no guarantee that the management company in the long run will be sufficient to effectively manage funds received from employees and state.

The crisis wiped out the effect of public financing of pensions

This year the expected negative returns for most management companies, including State VEB. Pension accumulations will lose much of their value, these losses could negate the entire effect of public financing.

The market is falling, and VEB, a portfolio which consists mainly of conservative securities - low, but at the same time, and the least risky securities - has the lowest loss - noted specialist information project Investfunds Natalia Belova. - Stock markets in the first half either fell or were at the scene, while inflation has risen. "

However, as an analyst, figures for the July-September, when the collapse occurred on the stock market will be much more devastating.

"Of course, in the light of the September collapse of the markets on profitability of the funds placed in the Management Company, will be much worse - believes analyst FC" Opening "Daniel Levchenko. - But how much worse - talk is premature ".