NPF Magnit is a full participant in the pension services market. The foundation began its work in 1995 in the format of the Virtue organization, changing its name to its current name in 2009.
At first, the fund specialized in non-state support. After the pension reform, the structure is also engaged in compulsory insurance in this area.
NPF Magnit website
Now Magnit is an excellent alternative for people who do not want to accumulate savings in a government structure. On the official website of NPF Magnit you can find all the information about the fund’s activities:
- Direction of work;
- Divisions and management structure;
- Investment policy;
- Basic indicators;
- Programs.
The goal of the Magnit organization is to effectively manage the target savings of the personnel of the company of the same name, as well as other citizens. The work is aimed at minimizing investment risks.
To accomplish these tasks, the fund invests money in securities, various programs, foreign exchange and other instruments that provide increased profitability. Savings continue to be invested even after citizens retire. Accordingly, their income increases.
About company
The joint-stock company was founded in 1995 under the name “Christian Pension Fund “Virtue”” and provided non-state pension provision (NPO) to Russians.
Since 2006, after maintaining the funded part of the insurance pension, mandatory software began to be implemented. Subsequently, the fund changed its name to JSC NPF Magnit and its form of activity, first to CJSC (closed joint-stock company), then back to JSC.
The goal of the NPF was to manage the pension savings of employees and other citizens, achieve higher efficiency results compared to the Pension Fund and ensure minimal risks for investments.
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The fund invests savings in various financial programs, securities, currencies, investments, and other financial instruments to ensure higher returns.
When transferring the funded part of the pension to this NPF, the parties enter into a compulsory pension insurance agreement (MPI), which outlines the rights and obligations of both parties. The order of inheritance of funds is determined, to whom they will be transferred and in what shares.
Upon reaching retirement age, citizens' savings continue to be invested, resulting in an increase in their income.
NPF rating
Every future retiree is interested in choosing a structure with the most attractive conditions. As of last year, 69 non-state funds officially operated in the Russian Federation. However, more than 90% of all savings of the country's citizens are managed by the ten most successful organizations.
Ratings help you understand the situation in a given market and make the right choice.
One of the key indicators of fund performance are reliability ratings. Russians especially trust data from the well-known agency “Expert RA” and the National Rating Agency. In 2020, NPF Magnit did not participate in the formation of these ratings.
Contact information of NPF "Magnit" in case of questions
If you have any questions or for additional information on the tariffs of the Non-State Pension Fund "Magnit", you can contact the company's employees in one of the following ways:
- Contact the head office, which is located at: Krasnodar, st. Moskovskaya, 95B, office No. 1 (350072).
- Call the phone number (extensions 16110, 16112).
- Send an email
- Use the feedback form by following the link: https://www.npfmagnit.ru/contacts/.
Please note that the “Personal Account” of the Magnit pension fund is not publicly available, and this organization also does not have regional branches.
Attention! Due to recent changes in legislation, the legal information in this article may be out of date!
Our lawyer can advise you free of charge - write your question in the form below:
Services of NPF Magnit
JSC NPF Magnit provides services to citizens and employers who seek to increase the attractiveness of their organization for potential employees and attract valuable specialists. The fund's activities extend to additional pension provision, including early, as well as compulsory insurance.
In essence, NPF clients transfer the savings portion from the Pension Fund to the management of a non-state structure. At the same time, the citizen remains part of the state system and does not suffer any financial losses.
By voluntarily depositing funds into an individual account, the client can count on additional payments to his pension throughout his life or for a specified period.
Personal account of NPF “Magnit”
Get qualified help right now!
Our pension lawyers will advise you on any issues. Founded in 1995, the NPF fund “KhPF “Dobrodetel”” provided services to NGOs. In 2006, the programs were expanded: OPS was added to them. In 2010, the organization was given its current name. Read below about the Magnit pension fund: official website, personal account, reliability.
NPF Magnit is a full participant in the pension services market. The foundation began its work in 1995 in the format of the Virtue organization, changing its name to its current name in 2009.
At first, the fund specialized in non-state support. After the pension reform, the structure is also engaged in compulsory insurance in this area.
Consultation with a pension lawyer by phone In Moscow and the Moscow region St. Petersburg and the region
The non-state pension fund "Magnit" as such began its work in 2010. It was founded in 1995 and previously bore the name “Virtue Christian Pension Fund”. Its owner all this time has been Tander CJSC.
Many companies that work in the field of pension financing give their clients access to a service for viewing available savings.
The Magnit pension fund does not have a “Personal Account” in the public domain on its official website. That is, it is not possible for clients to register and log into the personal account of NPF Magnit.
A new loyalty program from a well-known chain of hyper and supermarkets has begun testing in several regions of the country. In the future, it is planned to distribute it to all retail outlets.
The point is to use savings cards when purchasing goods to receive and later sell discounts on purchases.
The size of the payment in this case depends on the amount of contributions, as well as on the effective management of funds. We are talking about annual interest on the amount. By default, the Pension Fund transfers funds to Vnesheconombank for management. Each employee has the opportunity to increase the size of the funded part of the pension by transferring funds to the management of a non-state pension fund.
NPF "Magnit" provides compulsory pension insurance. The country has a two-tier pension system. It consists of savings and insurance parts. Let's look at the first level. The insurance part of the pension provides a person's basic income. It is a solidarity payment system. Contributions to it are paid by all employers for the people they hire.
people, The volume of pension savings is over 7 billion rubles, The yield is at the level of 11.77% per annum, The accumulated yield as of the end of 2020 is 107.21%, Pension savings are reliably insured by the state (cooperates with the DIA).
It’s not true, several years ago, or rather 6 years ago, I wanted to leave NPF Magnit, transfer to a pension fund, so they demanded an agreement with NPF Magnit from me, but they didn’t give us anything, they waved us documents and that’s it. and I stayed there.
Now I’m retired and I have a savings portion there in the amount of 2,750 rubles.
at the pension they said, you need to demand from your nickname that they pay, but where to write a request to Krasnodar? Oh, a familiar situation!
My friend was told almost the same thing. They hired her to work at the magnet, but they presented her with a fact: either you voluntarily transfer your savings to the NPF magnet, or we will force you
More on the topic Russian Pension Fund hotline Tula phone 8-800
Non-state pension funds were formed to invest pension savings in order to increase them.
You should trust those that were created by large companies a long time ago, they survived financial crises and currently have a stable income. NPF "Magnit" belongs to this category.
Login to your personal account
The SNILS card serves as a citizen’s insurance certificate and confirms his registration with the Pension Fund. It contains an 11-digit code. To register in the user account, you will also need authorization in the Unified Identification and Autonomy system. As part of this procedure, you need to enter personal data, phone number and email.
Expert opinion
Elena Koshereva
Pension lawyer, ready to answer your questions.
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Important! The website provides a special calculator with which you can calculate the approximate size of future payments.
To register you need:
- Select the appropriate section on the State Services website.
- Enter the required data.
- Click the “Register” link.
- Receive the code on your mobile phone and enter it.
Next, you need to set a login password. If this password is lost in the future, it can be recovered.
Hello, in this article we will try to answer the question “Non-state pension fund magnet personal account.” You can also consult with lawyers online for free directly on the website.
Shareholders of the Company who opposed or did not participate in the discussion on the issue of placement through a closed subscription of shares have a preemptive right to acquire additional ordinary registered shares placed through a closed subscription, in an amount proportional to the number of ordinary shares of this category owned by them based on the data of the register of shareholders on the date of determination (fixation) of persons entitled to participate in the General Meeting of Shareholders, at which a decision was made to increase the authorized capital of NPF Volga-Capital JSC by placing additional shares.
The funded part of a pension is, in fact, a long-term investment. All funds are invested in various enterprises and financial assets. Possible risks have been calculated and minimized, and the profitability of NPF "Magnit" as well as NPF "EDUCATION" has consistently exceeded inflation for many years.
Thus, in the period from 2009 to 2014, the total return was 54.06% (10.81% annual average), which is almost 6% higher than the inflation rate for the same period.
The legality of operations and control over the quality of service is carried out at the highest level - by the Bank of Russia, the Pension Fund of Russia, the board of trustees and a specially created audit commission.
The goal of the NPF was to manage the pension savings of employees and other citizens, achieve higher efficiency results compared to the Pension Fund and ensure minimal risks for investments.
Reliability of the Magnit pension fund
The reliability of the fund is ensured by the competent investment of pension savings and reserves. Three management companies are responsible for these issues.
Good to know! The Central Bank of the Russian Federation considers excessive returns on funds as evidence of investing in too risky assets. However, some excess of the indicator above the inflation rate is regarded as normal.
True, this does not apply to 2020, with inflation below 3%; the profits of all non-financial enterprises that operated without losses significantly exceeded this level.
Profitability
According to the Central Bank, the most profitable non-state funds are those that deal only with mandatory software and do not offer non-state software. But too high a return indicates that the NFP is investing in risky assets and is considered suspicious.
Economists say returns slightly above inflation are considered normal. This does not apply to the past year, because inflation was less than 3 percent, and the profit of all non-loss NFPs was significantly higher.
The Central Bank analyzed the profitability of non-state funds; at the beginning of 2020, Magnit ranked 23rd with an indicator of 9.37 percent. Many funds suffered losses, that is, they showed negative returns.
Profitability of the Magnit pension fund
As for the profitability of NPF Magnit, according to the Central Bank, it amounted to 9.37% at the beginning of this year. According to this indicator, the fund took 23rd position among all non-state structures.
At the same time, the fund demonstrates fairly high performance. During his work, profitability was close to 100% per annum. Data for the end of 2020 can be found in the public domain. For this period, the indicators were as follows:
- The volume of savings exceeded 7 billion rubles;
- The yield was 11.77% per annum;
- The level of accumulated profitability is 107.21%.
The organization's strategy is focused on exceeding the inflation level, as well as using the safest financial instruments. Important! Savings are under reliable state protection through cooperation with the DIA.
general information
NPF “Magnit” began operating in the field of pension savings in 2010. The company itself was founded in 1995 and was previously called “Christian PF “Dobrodetel”, owned by CJSC “Tander”.
Profitability level
The latest published information from the Central Bank of Russia indicates that the NPF in 2018 had a rate of return of 9.37%. Assets amounted to 1 million 355011 rubles, and accumulated funds for 2020 increased by 112.99%.
Reliability rating
According to JSC NPF Magnit, the company ensures stable reliability of funds invested in the fund. The guarantee of security is conditioned by the correct use of financial transactions, which is aimed at exceeding the inflation level.
Statistical information
There is no freely available information on reliability statistics from rating agencies. However, if the company goes bankrupt, then all citizens’ savings will automatically go to the Pension Fund. The lack of funds is compensated by the Deposit Insurance Agency, since all contributions made by citizens are insured.
Starting from the year 14, all non-state pension funds must be included in the general guarantor system, under the management of the Bank of the Russian Federation.
Number of client base
All clients of the Magnit Pension Fund are divided into two groups:
- Persons who have signed contracts with the unified insurance system.
- Citizens making contributions in order to receive benefits exclusively from the NPF in the future.
As of the first quarter of last year, the number of clients in the Magnit fund was 220,478 people.
Amount of funds placed
It is allowed to make contributions to the Non-State Magnit Fund for compulsory insurance and as voluntary contributions. The latter option provides an increase in the basic benefit upon retirement. However, when assessing an organization’s performance indicators, it is worth taking into account all criteria. As of the first quarter of last year, the amount of allocated funds increased by 7.28% compared to 2020.
Participation of the NPF Magnit fund in ratings
Although the fund does not participate in current ratings, NRA and Expert RA still list the activities of non-state pension funds in open positions among other funds in the Russian Federation.
Procedure for registration and termination of an agreement with the fund. List of documents
Drawing up an agreement with a non-state pension fund serves as a guarantor of an increased pension. The document indicates the size of payments, terms of contributions, their total quantity. NPF representatives draw up a pension accumulation plan based on these data. Investments go to a personal account, which is opened for each investor.
Helpful information! A citizen must write an application to the Pension Fund to transfer money to the NFP. For applications written before the end of the calendar year, changes are made to the register three months in advance. After this, the savings are transferred to a non-state fund.
To complete the contract, you must provide:
- Depositor's passports;
- SNILS;
- Statements;
- Client questionnaire;
- Consent to work with personal information.
In case of termination of the contract, you will have to submit an application to the new NPF, indicating the option for subsequent management of the funds.
Offered pension programs
The Fund implements programs for compulsory pension insurance and non-state provision. Before transferring savings, the company advises you to familiarize yourself with the current insurance and security rules.
Under compulsory insurance, there is a unified standard for the formation of subsequent payments, which is established by the state; the accumulative part of insurance premiums is transferred to the NPF, which is subsequently invested to obtain additional income for the insured person.
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NPO is not associated with compulsory insurance; savings are formed by the employee himself or on behalf of the enterprise where he is employed. The following parameters may be applied within the service:
- funds are placed directly by an individual or legal entity for the benefit of its employee;
- the payment period can be established by contract for a limited period or valid for life;
- The size of the contribution is determined by a fixed amount or a percentage of the amount of earnings.
Fig.3. NPO calculation calculator on the company website
For reference! The state allows NPF participants under NGO programs to annually receive a tax deduction in the amount of 13% of the invested funds.
Access to your personal account
A fund participant or an insured person can check their savings, view information about the transfer of funds to a pension account, as well as the profitability of investments, partially by calling the hotline or in full by visiting the company’s office.
Despite the fact that most NPFs have implemented for their clients the possibility of online control over placed funds, Magnit does not provide.
How to become a client
To enter into an agreement with a non-state pension fund to service the savings part of the compulsory pension insurance, a citizen must contact the company with a package of documents containing:
- passport of a citizen of the Russian Federation;
- insurance certificate (SNILS);
- certificate of assignment of TIN (if available);
- questionnaire of the insured person;
- consent to data processing.
You can deliver the completed papers in person by contacting the company’s office, or together with a signed agreement by sending it by Russian Post or other courier delivery service. After receiving a copy of the concluded contract from the fund, the insured person, no later than December 31 of the current year, sends an application to the Pension Fund of Russia to change the policyholder.
After checking the documents by March 31 of the following year, the Pension Fund makes changes to the register and sends the data to the previous company, which in turn transfers the savings to NPF Magnit and sends a notification to the client that the funds have been transferred. From the moment the money is credited to the personal account, the concluded agreement is considered valid, and the NPF has obligations to service it.
Fig.4. Conclusion of an agreement on the transfer to Magnit
An NPO agreement can be concluded in the same ways as under an OPS, with the provision of a similar package of documents. In the case of the formation of non-state security, the client has no obligation to notify the Pension Fund. Once the contract is signed, it immediately becomes valid.
Attention! If the NPO was registered with another non-state pension fund, the client has the right to submit an application requesting the transfer of collected funds to JSC NPF Magnit; the previous partner is obliged to complete these procedures within 3 months.
Pros and cons of the fund
The decision to change the fund should not be made hastily. It is necessary to analyze all the pros and cons of the organization. For example, the advantages of NPF Magnit include access to information about the account status, programs in which funds are invested, and investment performance for a certain period.
After the client retires, his funds are still invested, and an annual recalculation is made to account for profits.
The downsides are the inability to predict the level of profitability and the theoretical possibility of losing the NPF license.
Advantages and disadvantages
When choosing a non-state pension fund, you need to understand all the pros and cons of the brand and company. Ignorance of complete information or inattention when signing an agreement can lead to the loss of accumulated interest.
Positive aspects of deductions of contributions to non-state pension funds:
- payments consist of transferred funds and income from investment;
- financial liability of NPFs for deposits; they compensate for losses from their reserves;
- The annual investment plan is adjusted to take into account changes in the market.
But you shouldn’t turn a blind eye to the negative aspects:
- it is impossible to predict the level of income, the fund cannot be sure in advance of a positive end to the financial year;
- The NPF may lose its license, then you will have to look for another source of investment, and this entails financial costs.
The reliability of deposits in NPF "Magnit" is guaranteed by a plan to exceed the inflation rate and the use of the safest financial instruments. The number of stores of the same name throughout the country is constantly increasing.
The number of employees is also growing, almost all of whom are transferring to his non-state pension fund. Therefore, when choosing a non-state pension fund, you should pay attention to Magnit.
