NPF Alfa-Bank received a license from the Bank of Russia

NPF was founded by Alfa-Bank and AlfaStrakhovanie-Life (part of the AlfaStrakhovanie group of companies) on August 8 of this year. Alfa-Bank has been considering the possibility of creating its own non-state pension fund since May 2024, Vedomosti wrote. The credit institution was going to register a legal entity at the end of the year. This issue was supervised by the vice-president of Alfa Bank, Ivan Pyatkov, the newspaper notes.

The new fund was headed by the former general director of the VTB Pension Fund, Larisa Gorchakovskaya, who headed the NPF VTB for 15 years, from 2009 to 2024.

According to a representative of the bank cited by Vedomosti, the start of sales of NPF products is scheduled for November 25. Each participant in long-term savings programs within the framework of non-state pension funds can count on savings insurance in the amount of up to 2.8 million rubles from the State Deposit Insurance Agency.

In addition, the fund’s investors will have the opportunity to receive a tax deduction of 13% of the amount of contributions (but not more than 15,600 rubles), according to State Services. If the contract with the NPF is terminated early, the deduction must be returned to the state.

Since January 1, 2024, a long-term savings (LTS) program has been in force in Russia. As of October 18 of this year, citizens had invested almost 98 billion rubles in the program. Citizens investing money in a non-state pension fund within the framework of this program can also count on state co-financing of up to 36 thousand rubles per year and the transfer of savings from the compulsory pension insurance system to a non-state savings fund. state.

Previously, under the PDS program, the non-state pension fund Renaissance Accumification, created by the Renaissance Insurance group in September of this year, began to operate. In five years, the company aims to attract 1 million clients and increase the volume of additional assets to 100 billion rubles.