The weighted average return on pension savings of NPFs in 2023 was 9.9%

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AK&M 16 April 2024 18:46

The weighted average return on pension savings of NPFs in 2023 was 9.9%, and pension reserves — 8.8%. This is reported in the materials of the Bank of Russia.

The weighted average return on investing pension savings, reflecting the results of investing in the accounts of insured persons, reached 7.8% by the end of 2023.

The median return of funds on pension savings was 8%, and 7.6% on PR.

NPFs in the fourth quarter showed a weighted average yield (1.7% on MON and 1.2% on PR) lower than in the third quarter (1.9% on MON and 1.8% on PR), due to the negative revaluation of shares and corporate bonds in the portfolios of MON and PR. The NPF's income was provided mainly by coupons on debt securities.