Tinkoff pension

Main article: NPFs in Russia

History

2024

Fund launch

On July 24, 2024, T-Bank announced the launch of its own non-state pension fund - NPF Tinkoff Pension JSC. This will allow the bank's clients to create pension savings by transferring the funded part of the pension and receiving co-financing from the state. According to T-Bank, the new fund will participate in the long-term savings program (PDS).

Within the framework of NPF T-Bank, customers will be able to take advantage of the Eternal Portfolio strategy, which includes investments in stocks, long-term and short-term bonds, as well as gold in equal shares. For two years, the profitability of this strategy exceeded 40% per annum. Customer funds at the accumulation stage will be protected by the Deposit Insurance Agency for up to 2,800,000 ₽, and the withdrawal of all funds will be possible in emergency situations.

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Tbank

According to T-Bank, the program will be available to all ecosystem customers in the coming months. It will be possible to conclude an agreement on the transfer of pension savings through the application of T-Bank.

The long-term savings program, valid in Russia from January 1, 2024, provides for the possibility of monthly payments from NPFs 15 years after the conclusion of the contract or from 55 years for women and from 60 for men. In the first three years of participation in the program, you can receive co-financing of pensions from the state up to 36,000 ₽ per year. In July 2024, the State Duma approved a bill increasing the period of co-financing to ten years. Also, every year customers will be able to receive a tax deduction of up to 52,000 ₽ per year.

Despite external changes, T-Bank remains true to its principles. We are preparing to launch a retirement product that will be effective and convenient for the client. NPF T-Bank is based on the Eternal Portfolio strategy, which provides long-term capital gains in any market environment. The strategy demonstrates high stability during periods of economic instability and is optimal for long-term investments, - said Dmitry Tarasov, General Director of Tinkoff Pension NPF[1]

Creating a Company

In early April 2024, it became known that Tinkoff had created its own non-state pension fund (NPF). It was named "Tinkoff Pension," according to the data of the Unified State Register of Legal Entities (Unified State Register of Legal Entities).

According to Interfax, citing data from the Unified State Register of Legal Entities, the authorized capital of NPF Tinkoff Pension is 150 million rubles. The only shareholder of the fund is T-Projects LLC, the general director is Dmitry Tarasov.

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Unsplash

The agency also recalled that in February 2024, Tinkoff registered several domains in the name of which Tinkoff NPF is present. At the end of March 2024, the Central Bank of the Russian Federation decided to state registration of the issue of ordinary shares of NPF Tinkoff Pension JSC, placed by acquiring shares by the sole founder of the joint-stock company. The decision to register the issue should come into force from the date of state registration of the NPF.

In mid-January 2024, the chairman of the board of Tinkoff Bank Stanislav Bliznyuk spoke about the group's plans to introduce long-term products launched in 2024 by the Ministry of Finance and the Bank of Russia. In particular, according to him, Tinkoff may enter the long-term savings program (PDS).

As Frank Media explains, in order to implement the long-term savings program, it is first necessary to obtain a license from a non-state pension fund from a bank of Russia, as well as enter the system of guaranteeing the rights of participants (SGPU), administered by the Deposit Insurance Agency (DIA).

Tinkoff Pension is the first NPF created in Russia since 2012. At that time, the last non-state pension fund in the Russian Federation was Siberian Regional, which subsequently had its license revoked.^[2]

Notes