The government has once again decided to "freeze" the funded part of pensions, which will lead to a shortfall in non-state pension funds (NPFs) of 300 billion rubles. This will affect their stability, popularity among people, but at the same time it makes it possible to identify the most reliable among them.

List of the top 5 NPF models according to the Central Bank

According to the joint assurances of the Central Bank, the Ministry of Finance, the Ministry of Labor, they are developing the most effective models of savings management, which should make any non-state fund independent of budget decisions.

In order not to be unfounded, the Russian National Bank will oblige NPFs to compensate people for losses from unscrupulous investment of money. That is, the Central Bank wants to eliminate the risks of investing in so-called friendly, low-yield related projects that will bring profit to the Non-State Pension Funds themselves and related structures, but people who invest in them will receive less money. If such cases are discovered, then any fund will have to pay for the fact that people's pensions are not in safe hands. The Central Bank also conducts constant supervision of the work of non-profit PFs, which allows us to name the 5 best and worst organizations for each period of time.

So, according to the Central Bank, in the course of 2015, NPF Doverie (27%), European Pension Fund (more than 23%) showed the highest profitability, several more organizations earned more than 20% for their depositors: Empire, Regionfond. Statistics also show that the majority of NPFs passed the past year stably, showing profitability above inflation.

The worst indicator was shown by Uraloboronzavodsky, by August 2015 it lost about 40% of investments, for such indicators it was deprived of a license, the funds were transferred to the Pension Fund of the Russian Federation.

Rating of non-state pension funds by reliability

The most objective is the rating, which is compiled by independent experts of various rating agencies (RA). The most famous is Expert RA, the largest international agency in the country with a 17-year history. It has long proved its objectivity and professionalism.

According to this organization, the greatest reliability, in terms of a combination of different indicators, is currently shown by NPF Blagosostoyanie, Promagrofond, the European Pension Fund, KIT Finance, Sberbank NPF, as well as a number of other funds that have been assigned the highest A ++ rating. This means that even if Russia experiences even greater economic difficulties, this will not affect the work of these organizations, and they will continue to be able to show stability.

The RA expert checks all PFs that have passed accreditation, however, some NPFs refuse to participate in this rating, for example, the Lukoil-Garant fund, which traditionally was included in the TOP in terms of reliability, but from the middle of 2015 decided not to confirm its indicators.

Non-state pension funds - feedback from contributors

In addition to official statistics, the rating of non-commercial PFs in the blogosphere is interesting (compiled according to reviews on the Internet). Such a list is compiled on the basis of thousands of references to NPFs. It should be noted that not only market leaders have confidence in clients, but also quite small funds, for example, the most frequently mentioned on the Internet NPF Stalfond , which also has the most positive reviews. The first thing that is noted is that this organization is non-conflict.

But about a fairly large fund Power industry , they are rarely mentioned on the network, and in most cases they are neutral, but they almost never talk about it negatively, and reviews also indicate that the fund is quite non-conflicting.

KIT Finance received quite good reviews and an average conflict index. Lukoil-Garant cannot boast of a significant number of reviews on the network, most of them are neutral, although there are positive and negative reviews. The negative ones are mainly conflicts with employees of the organization, although their conflict index is average for the market.

Today, Russia is famous for its huge number of non-state pension funds. They constantly compete with each other, luring people into their organization.

NPF rating 2016 5 best reliability funds

Experts collected statistical data and determined the rating of NPFs. The first place is occupied by Gazfond. Its yield is 16.87%. The second position was taken by the pension company Lukoil Garant with an A++ mark.

The third best "Welfare OPS", where reliability and profitability rose to A ++. The fourth place rightfully belongs to the European Pension Fund with a rate of 9.26%. And the top five is completed by NPF "KITFinance".

Each citizen makes a conscious choice where to take into account the year the organization was founded. The best option will be those that created large industrial enterprises of the operating industry and banks before 1998.

What is the position of Rosgosstrakh?

Rosgosstrakh was not included in the top 5 NPFs in 2016, however, it has a high level of reliability: RA - A ++, NRA - AAA. This is confirmed by the result of investing pension savings - 7.5% per year. The number of depositors is 990 people. Despite these data, you can often find negative reviews about this fund. Specifically, what place in Rosgosstrakh will be known at the end of the calendar year.

Stalfond

This agency settled in 10th place. Stalfond rating among other NPFs in terms of reliability has a fairly high and stable level of A +. Its ranking is being raised from 12th to 11th place. Profitability of savings for the past year reached 13%. Correct conclusions about profitability need to be made when information is worked out for several years.

Lukoil Garant

Lukoil Garant reached the second place in terms of reliability in the country. The accumulation in it is profitable - 6.49% per annum. The reliability of Lukoil Garant can be tracked every quarter on the official website or at the nearest branch. This fact is also evidenced by positive feedback from both new and old investors.

NPF rating 2016 Top 5 funds reviews

According to user reviews, exhaustive conclusions can be drawn. This is how most people trust Gazfond, Lukoil Guarantor, the European Pension Fund, KITfinance and NPF Nasledie. After analyzing the words of users, we can say with confidence that each of them is reliable, has simple management and a high degree of deposit security.

Contributors say that these non-governmental organizations are trying to offer better conditions, but not all of them come into force this year. If you entrust your money to any of these funds, you can be sure that your pension is in a reliable company.

NPF rating 2016 rating of funds in different cities

In different cities, the degree of reliability can vary significantly. This indicator is influenced by many factors, so funds must submit their statistics every six months.

Nizhny Novgorod has designated the European Pension, Social Protection, Welfare, Lukoil Garant, Gazfond and Education. The latter made a rating of 1.91.

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In 2015, all future pensioners had to decide on the fate of the funded part of the pension. The government decided not to extend the right to choose citizens for 2016, which caused a real stir. Many citizens were in a hurry to transfer their funds to non-state funds.

Pension funds became leaders in attracting new customers Sberbank, Agreement And Confidence. Currently, about 30 million Russians (more than a third of the working-age population) have transferred the funded part of their pensions to private pension funds. By the way, this is a kind of voting of the most capable citizens on the issue of funded pensions.

Attention, the site contains a more recent Rating of NPF 2017

The general distribution of insured citizens by NPF for June 2016 is as follows:

Table 1

№	License	NPF name	Growth	Number of insured September 2016, people
1	41/2	Sberbank NPF	301%	4 250 902
2	431	Future (Stalfond) NPF		3 726 315
3	432	Lukoil-Garant NPF	35%	3 339 958
4	407/2	RGS NPF	70%	2 841 984
5	67/2	SAFMAR (European) NPF		2 266 789
6	408/2	KIT Finance NPF	7%	2 119 340
7	28/2	Promagrofund NPF	4%	1 802 506
8	318/2	NPF trust	269%	1 481 530
9	430		83%	1 340 993
10	269/2	VTB pension fund	24%	1 329 837
11	3/2	Power industry NPF	-2%	1 072 896
12	434	NPF consent	470%	1 003 525
13	1/2	NPF heritage	-22%	795 174
14	78/2	Big NPF	-9%	429 475
15	288/2	National NPF	-5%	308 146
16	320/2	Society NPF	-12%	243 597
17	281/2	Magnet NPF	15%	240 300
18	56/2	Khanty-Mansiysk NPF	-2%	134 778
19	361/2	UralSib NPF	81%	107 275
20	308/2	Social development of NPFs	-26%	103 377
21	237/2	Trust (Orenburg) NPF	-11%	95 371
22	412	Formation of NPF	-58%	90 254
23	436	Neftegarant NPF	-6%	70 801
24	378/2	UMMC-Perspective	9%	70 741
25	347/2		-14%	69 456
26	346/2	Transneft NPF	-5%	46 118
27	175/2	Stroykompleks NPF	-5%	43 836
28	377/2	Volga Capital NPF	-29%	41 139
29	433	Surgutneftegaz NPF	85%	36 234
30	359/2		-13%	35 397
31	23/2	Diamond Autumn NPF	-10%	32 828
32	12/2	Hephaestus NPF	-27%	25 757
33	57/2	Vladimir NPF	-30%	20 803
34	94/2	Telecom-Soyuz NPF	-13%	18 194
35	106/2		-17%	12 268
36	158/2	Rostvertol NPF	-14%	10 008
37	360/2	Professional NPF	-18%	6 553
38	415	Alliance NPF	-8%	701

Note: The table takes into account only the number of people insured under compulsory pension insurance (OPS).

The increase was not calculated for the funds that went through the merger procedure.

As can be seen from the table, not all funds have increased the number of clients. Many of them experienced significant churn.

It is interesting to compare the number of those insured under the OPS with the indicators of fund management, and at the same time compare it with the 2015 NPF Rating.

What has changed in 2016?

First of all, citizens no longer have the opportunity to transfer the funded part of their pensions from the Pension Fund of Russia to Non-State Pension Funds.

The flow of new funds into the funded part of the pension is still frozen. Recall that the funded pension system was first frozen in 2014. Unfortunately, the complexity of the economic situation in Russia does not allow us to hope that the situation with the funded part will change in the near future. Moreover, a lot says that this part of the pension will no longer be replenished at all. Thus, it is quite reasonable to treat funds in NPFs as a kind of initial investment amount, which will increase only due to the results of investments. This means that when choosing a fund, rather high requirements for the quality of management should be made. Even more important in such a situation, it becomes at least not to lose money due to annual inflation.

The difficulty in comparing fund management performance this year is due to the many mergers that have yet to be completed. Let's say NPF SAFMAR united several funds at once: Trust, Education and Science, European, Regionfond and Raiffeisen. Another important merger is NPF Future. It combined NPF Welfare and Stalfond. In our analysis of these funds, we proceeded from the optimistic assumption that the NSO's fund management standards will be in line with the best performance of the funds included in the group. Therefore, to analyze the activities of NPF SAFMAR, we took the statistics of the management of NPF Evropeisky. As historical data for NPF Future, we took the statistics of Stalfond. Of course, this approach is not ideal, so we recommend that you treat the funds that have gone through the merger procedure with more caution.

Rating Methodology

As such, the ranking formula is now based on the overall longest tenure since 2011 (6 years). Most of the funds operating and included in the guarantee system have such a history of work. In addition, this year's rating formula takes into account the profitability over the last 3 years (since 2014).

Data on the results of NPF management were taken from the website of the Central Bank. Yields before 2011 were not taken into account. Atomfond NPF, Avtovaz NPF and Akvilon NPF were not included in the rating due to the lack of statistical data for the period 2011-2016.

It can be noted that the proposed comparison is essentially a rating of NPF profitability, that is, such an indicator as reliability was not taken into account at all in the formula. This is another difference from previously used methods. The fact is that since 2015, a pension savings insurance system has been operating in Russia. The principle of its operation is similar to that used for bank deposits. The only difference is that the income part (accrued interest) is not insured in the NPF. In this regard, the reliability rating of NPFs already seems to be irrelevant.

NPF rating

table 2

	License	Name	Rating
1	434	NPF consent	100
2	67/2	SAFMAR (European) NPF	97
3	320/2	Society NPF	95
4	318/2	NPF trust	92
5	377/2	Volga Capital NPF	89
6	347/2	Defense Industrial Fund NPF	87
7	436	Neftegarant NPF	84
8	359/2	First Industrial Alliance of NPFs	82
9	3/2	Power industry NPF	79
10	23/2	Diamond Autumn NPF	76
11	408/2	KIT Finance NPF	74
12	407/2	RGS NPF	71
13	28/2	Promagrofund NPF	68
14	1/2	NPF heritage	66
15	378/2	UMMC-Perspective	39
16	269/2	VTB pension fund	0
17	361/2	UralSib NPF	0
18	41/2	Sberbank NPF	0
19	432	Lukoil-Garant NPF	0
20	430	Gazfond pension savings NPF	0
21	431	Future (Stalfond) NPF	0
22	106/2	Defense-industrial complex NPF	0
23	433	Surgutneftegaz NPF	0
24	237/2	Trust (Orenburg) NPF	0
25	78/2	Big NPF	0
26	288/2	National NPF	0
27	281/2	Magnet NPF	0
28	412	Formation of NPF	0
29	308/2	Social development of NPFs	0
30	56/2	Khanty-Mansiysk NPF	0
31	94/2	Telecom-Soyuz NPF	0
32	415	Alliance NPF	0
33	57/2	Vladimir NPF	0
34	12/2	Hephaestus NPF	0
35	360/2	Professional NPF	0
36	158/2	Rostvertol NPF	0
37	175/2	Stroykompleks NPF	0
38	346/2	Transneft NPF	0

Real yield shows the final result of management after deducting inflation.

The top three included NPF Consent, SAFMAR And society. Quite close to them in terms of indicators is NPF Trust. As can be seen from Table 1, all these funds (except NPF Sotsium) are quite large - with more than 1 million insured persons. NPF Sotsium has 243 thousand people. The funds were highly appreciated due to the consistently high level of return on the horizon of 6 years and 3 years at the same time. In this regard, NPF SAFMAP and Socium are especially distinguished. They are leaders on both intervals. The Consent Fund showed the highest yield over a period of 6 years - 12.4%. However, over a three-year period, this fund was not the leader in terms of profitability (but showed a profitability significantly higher than inflation).

Interestingly, the leaders in terms of the number of insured - NPF Sberbank And Future(Stalfond) received a zero score, because the results of their management are worse than inflation in all considered time intervals. It can be seen that even the state-owned VEB showed better results at all time intervals than Sberbank. The question is, why was it necessary to transfer the funded part there? Thus, the sharp increase in the number of people insured in the NPF of Sberbank is more the result of marketing than good savings management.

In general, it is useful to compare the results of managing your NPF not only with inflation, but also with the state fund (VEB). This gives a good picture

The "victim" of the application of the new technique was NPF Gazfond(leader of reviews and years). The fact is that the results of the management of this NPF in 2014 and 2011 were rather weak and did not allow the NPF to bypass inflation either in the interval of 6 years or in three years. The significant reshuffling of this fund in the rating is primarily due to the fact that high historical returns were achieved through periods not included in the accounting (2009, 2007, 2005). Nevertheless, it seems correct to "cut off" hard-to-verify data that is not present in the statistics of the Central Bank for all funds.

The results of NPF management by years can be found below. For all NPFs, real returns (i.e., returns minus inflation) are calculated.

Table 3

License	Name	Real yield 6 years	Real yield 3 years	2016/9	2015	2014	2013	2012	2011
	Inflation			4,05%	12,9%	11,4%	6,5%	6,6%	6,1%
	VEB state securities	0,33%	-1,60%	11,68%*	15,3%	0,0%	6,9%	8,5%	5,9%
	VEB extended	1,06%	-0,98%	11,54%*	13,2%	2,7%	6,7%	9,2%	5,5%
434	NPF consent	12,46%	1,14%	10,43%	9,13%	9,84%	8,92%	14,23%	7,63%
318/2	NPF trust	4,33%	0,78%	9,24%	12,27%	7,5%	7,4%	9,87%	5,71%
320/2	Society NPF	2,92%	3,62%	12,62%	12,43%	7,1%	8,5%	8,2%	1,87%
436	Neftegarant NPF	2,63%	1,38%	11,88%	10,57%	7,3%	8,0%	7,9%	4,58%
67/2	SAFMAR (European) NPF	1,79%	5,56%	10,41%	12,60%	11,1%	7,7%	7,8%	0,04%
377/2	Volga Capital NPF	1,54%	4,41%	11,71%	13,69%	7,59%	8,96%	7,35%	0,13%
359/2	First Industrial Alliance of NPFs	1,40%	0,91%	13,43%	13,34%	2,73%	8,68%	8,35%	2,77%
347/2	Defense Industrial Fund NPF	0,61%	5,34%	14,52%	13,06%	6,48%	7,51%	6,99%	0,00%
3/2	Power industry NPF	-0,76%	0,46%	11,17%	8,46%	9,0%	8,4%	7,8%	1,88%
433	Surgutneftegaz NPF	-1,32%	-0,12%	12,39%	12,94%	3,0%	7,6%	9,87%	0,66%
175/2	Stroykompleks NPF	-1,52%	-1,35%	9,28%	12,51%	5,01%	7,67%	7,28%	4,08%
158/2	Rostvertol NPF	-1,74%	-0,66%	10,80%	9,71%	6,95%	8,27%	6,90%	2,93%
78/2	Big NPF	-2,69%	-0,04%	10,70%	11,33%	6,15%	7,25%	7,67%	1,53%
432	Lukoil-Garant NPF	-2,98%	-1,68%	10,58%	8,96%	6,8%	8,9%	7,6%	1,45%
430	Gazfond pension savings NPF	-3,02%	-0,12%	11,62%	13,92%	2,8%	7,2%	7,7%	1,23%
23/2	Diamond Autumn NPF	-3,54%	1,11%	14,05%	13,59%	2,15%	5,34%	7,20%	1,74%
408/2	KIT Finance NPF	-3,58%	0,85%	12,16%	14,50%	2,8%	7,9%	6,70%	0,00%
407/2	RGS NPF	-3,58%	0,46%	11,59%	9,56%	7,54%	6,22%	7,99%	0,77%
269/2	VTB pension fund	-3,85%	-0,15%	13,00%	10,76%	4,4%	5,9%	8,7%	0,73%
56/2	Khanty-Mansiysk NPF	-3,86%	-0,68%	11,72%	15,84%	0,44%	6,61%	6,80%	2,39%
57/2	Vladimir NPF	-4,06%	-0,89%	9,96%	11,92%	5,40%	7,46%	7,45%	0,96%
281/2	Magnet NPF	-4,12%	-7,13%	11,85%	7,74%	0,86%	13,30%	9,74%	0,00%
237/2	Trust (Orenburg) NPF	-4,32%	-1,80%	11,22%	9,60%	5,4%	8,4%	8,30%	0,00%
412	Formation of NPF	-4,58%	-4,16%	8,23%	9,43%	5,91%	8,39%	9,58%	0,95%
12/2	Hephaestus NPF	-4,96%	-0,02%	11,48%	16,65%	0,62%	7,37%	6,62%	0,00%
361/2	UralSib NPF	-5,27%	-0,95%	14,70%	10,69%	2,1%	7,1%	7,5%	0,04%
1/2	NPF heritage	-5,49%	0,08%	12,02%	16,93%	0,0%	6,6%	6,7%	0,00%
28/2	Promagrofund NPF	-5,86%	2,95%	14,23%	16,34%	1,4%	4,5%	3,55%	1,80%
378/2	UMMC-Perspective	-6,05%	-0,46%	13,07%	12,75%	2,19%	6,07%	6,80%	0,34%
346/2	Transneft NPF	-6,27%	-2,92%	9,85%	12,97%	2,38%	6,65%	7,16%	1,74%
106/2	Defense-industrial complex NPF	-6,31%	-1,92%	11,59%	12,87%	1,9%	7,0%	7,53%	0,00%
360/2	Professional NPF	-6,53%	-5,79%	10,44%	8,11%	3,27%	7,40%	7,07%	3,90%
415	Alliance NPF	-6,88%	-4,02%	12,01%	12,15%	0,00%	9,84%	6,37%	0,00%
41/2	Sberbank NPF	-7,75%	-2,95%	11,76%	10,70%	2,7%	7,0%	7,0%	0,00%
94/2	Telecom-Soyuz NPF	-8,04%	-4,58%	12,81%	8,42%	2,11%	5,74%	7,35%	2,25%
308/2	Social development of NPFs	-8,42%	-3,30%	9,58%	14,49%	0,88%	6,90%	6,10%	0,55%
288/2	National NPF	-9,03%	-4,03%	10,42%	11,90%	1,65%	4,94%	7,02%	1,65%
431	Future (Stalfond) NPF	-10,50%	-7,82%	3,87%	7,5%	8,0%	7,0%	6,1%	3,00%

Note: VEB management data for 2016 corresponds to the first half of the year.

A complete table with fund management parameters for the period 2011 - 2016 is attached. The table includes the following information:

• Standard deviation of NPF returns (risk)
• Annual real return over 6 years
• Annual real return over 3 years
• Number of people insured 2014, 2015, 2016
• Growth in the number of insured 2014-2016

There are numerous non-state pension funds (NPFs) in the Russian Federation. And choosing the right one is a responsible and difficult task, one must take into account reliability and profitability rating of NPFs of Russia 2016 according to the statistics of the Bank of Russia.

To facilitate this task, we have prepared a list of the 10 most highly profitable non-state pension funds in the Russian Federation. The yield rating is determined on the basis of information disclosure on the official website of the Central Bank of the Russian Federation, and the reliability rating is based on data from the Expert RA agency.

Ranking of non-state pension funds 2016

One of the veterans of the pension market (year of "birth" - 1993). Its investors can be not only individuals, but also legal entities. The percentage of the average annual return on deposits is 9.87, and it does not participate in the Expert RA rating.

The 2016 NPF rating is continued by the Big Pension Fund, which appeared in 1995. It now serves an asset of 500,000 people and has an exceptionally high reliability rating (A++). This means that the fund is highly likely to fulfill its obligations to clients, even if economic conditions are unfavorable. The profitability of the "Big" is 10.35%.

Magnit is not only a network of popular stores, but also the name of an NPF with a recognizable white and red logo. Since 2009, it has been licensed by the Federal Service for Financial Markets for an unlimited time and slightly outperforms the previous Top 10 participant (10.36%) in terms of average annual return. Does not participate in the reliability rating.

The main fields of activity of this fund are compulsory and voluntary pension insurance. He also implements the state. pension co-financing program by investing pension reserves and increasing the funded part of clients' labor pensions. Profitability, on average, is 10.5%. There are no data on reliability.

A non-state pension fund that has existed since 1995. He added to the 2016 rating with good results both in terms of profitability (10.5%) and reliability (the highest rating is A ++). One of the richest funds in Russia in terms of one of the main indicators for any NPF - the amount of pension reserves (assets 15,349 thousand rubles).

It is open to individuals and legal entities and has representative offices in 13 Russian regions. Offers one of three defined contribution schemes: solidarity, payouts between 2 and 30 years, or lifetime payouts. The yield per year, on average, is 10.99%. The reliability rating is in the “withdrawn” status, which means that the NPF did not want to update its indicators.

The fund implements the state. pension co-financing program, offers services for the creation and management of the funded part of the pension and voluntary pension insurance. Russia's statistics on the return on deposits is 11.08%, reliability rating is A (high).

At first it was known as NPF "Parma", then in 2007 it was renamed into "Ural Financial House". A cautious investment policy and high yield (11.38%) make this fund one of the best in Russia. Does not participate in the reliability rating.

Conducts a conservative investment policy. Most of the clients' funds are invested in bonds, securities and stocks. It has a high reliability rating (A) and a large annual return (11.94%).

1. SAFMAR (formerly the European Pension Fund (AO))

He heads the best funds in Russia. The undisputed favorite in terms of profitability is 12.43% and has 1 place in reliability (A ++). In the last quarter of 2015, the fund's pension savings amounted to 57.7 billion rubles. According to the results of work for 2009-2014, the pension savings of the fund's clients doubled.

Table of reliability and profitability of Russian NPFs 2016

№	Name	Reliability Rating RA Expert	Profitability, %
1		A++	12.43
2		BUT	11.94
3		-	11.38
4		BUT	11.08
5	OJSC NPF Education	withdrawn	10.99
6	JSC NPF Surgutneftegaz	A++	10.5
7		-	10.5
8		-	10.36
9	CJSC MNPF Bolshoi	A++	10.35
10		-	9.87
11	JSC NPF SberFund Sunny Beach (RESO)	A+	9.85
12	RNPF "SIBERIAN SBERFUND"	-	9.63
13	CJSC Orenburg NPF Doverie	withdrawn	9.61
14	NPF OPK	-	9.56
15	CJSC NPF Doverie	A+	9.35
16	NPF "Social Development"	-	9.24
17	MNPF "AKVILON"	-	9.23
18	OAO NPF LUKOIL-GARANT	withdrawn	8.86
19	NPF "Social World"	-	8.69
20	NPF GAZFOND	A++	8.54
21	NPF "Volga-Capital"	A+	8.53
22	NPF "REGIONFOND"	-	8.48
23	NPF "Gefest"	-	8.45
24	JSC National APF	A++	8.22
25	NPF "First Russian Pension Fund"	BUT	8.16
26	JSC NPF Neftegarant	A++	8.13
27	JSC NPF Stalfond	A+	8.08
28	JSC NPF Vladimir	A++	8.01
29	OJSC NPF Electric Power Industry	withdrawn	7.95
30	JSC NPF Transneft	withdrawn	7.83
31	NPF MECHEL-FUND	-	7.83
32	CJSC NPF URALSIB	A+	7.82
33	OJSC NPF Telecom-Soyuz	withdrawn	7.6
34	CJSC KITFinance NPF	A++	7.57
35	NPF "Consent"	withdrawn	7.56
36	JSC NPF VTB	A++	7.53
37	CJSC NPF Promagrofond	A++	7.36
38	JSC NPF Sberbank	A++	7.17
39	JSC NPF “Solntse. A life. Pension."	withdrawn	6.77
40	CJSC NPF Heritage	-	6.76
41	NPF "Empire"	-	6.62
42	NPF Atomgarant	A++	6.6
43	OJSC Khanty-Mansiysk Oil and Gas Pension Fund	A+	6.56
44	JSC NPF SAFMAR (Raiffeisen)	A++	6.45
45	NPF "Pravo"	-	6
46	NPF "Pension-Invest"	-	5.88
46	NPF "UMMC - Perspektiva"	-	5.75
48	JSC NPF "Alliance"	A+	5.3
49	SPF "VNIIEF - GARANT"	-	5.3
50	CJSC NPF First National Pension Fund	C++	2.97

« A++» – The highest level of reliability;
« A+» – High level of reliability;
« A» - Normal reliability;
« C++» – Low level of reliability;
«-» - The rating was not assigned by the agency;
« withdrawn» - the data is not updated.