Not long ago, the assets of the OTP Pension Fund, the owner and the asset management company of which is OTP Capital, has risen beyond 200 million hryvnias. The Fund is one of the four largest non-state pension funds of Ukraine. Ahead there are two large corporate funds that belong to the National Bank of Ukraine and Ukreximbank the members of which may only be the employees of these institutions. As regards public funds, the members of which may be any and all persons interested in storing up money for accumulating another non-state pension, OTP Pension can only be compared to the public pension fund “Privat Fund” the assets of which have also risen beyond UAH 200 mln recently.
At the same time, OTP Pension is the fund with the best growth dynamics. For the last 5 years our assets have increased by more than fifteen times – from 13 to 200 million hryvnias, the number of members has increased by five times – from 9 to 50 thousand, and the returns on assets for this period is approximately 130%.
The Fund continues to grow rapidly. Each month approximately 500 new members join the Fund. We achieve such showings in the first turn thanks to the wide sales network. You can draw up a pension contract either in any OTP Bank branch or at a financial consultant from OVB partner company throughout Ukraine. Moreover, you can draw up a pension contract remotely through the site or Privat 24 application. Nowadays, the remote drawing-up is gaining more and more popularity. If a couple of years ago a client chose to visit a branch, nowadays, in order to save time, the majority of transactions is carried out online. The drawing-up of a pension contract is not an exception. The habits of clients are changing – and so are we.
Speaking of the growth of the fund assets, it is worth paying attention to two key factors. These are cash proceeds that are contributions of the members, and rates of growth of these proceeds, that is returns of the fund. Every month the fund receives at average 2.5 million hryvnias as contributions. The clients can contribute in any convenient way. There is a number of possibilities permitting to replenish pension accounts in OTP Pension Fund free of charge. In particular, via a cash desk or a mobile OTP Bank application, via Monobank, via IPay payment system, as well as by filing a petition to transfer contributions from a salary to the employer’s accounting department.
With regard to payments, the pensioners members receive around 300-400 thousand hryvnias of payments every month from the Fund. The payments are made to 74 persons whom the contracts for fixed payments for a period of at least 10 years are drawn up with. Overall, the fund has paid more than 16 mln hryvnias to its members for the whole period of activities.
The returns of the fund of any non-state pension fund depend on the operational efficiency of its assets. The OTP Pension Fund has a conservative portfolio mainly consisting of bonds and deposits. Such approach to the asset management permits to generate persistently high returns. Thus, for example, the returns in 2019 were 19.4% per annum. This was the best result among non-state pension funds in Ukraine. Our task as a company, which not only manages assets, but also is in charge of the successful existence and development of the OTP Pension Fund, is to cover not only the basic demands of the members, that is to save and grow his/her pension savings, but also to provide the qualitative service. The members of the OTP Pension Fund use a modern informative and interactive online cabinet. Every month they receive a text message with the information about the condition of their pension account. As well as on the site they can become familiar with the latest reports and comments of invest managers regarding the activities of the fund.
You can get more details about the results of the OTP Pension activities on the page of the fund.
