Translation. Region: Russian Federation –
Source: Central Bank of Russia
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The total volume of pension funds in Russia exceeded 9 trillion rubles in the third quarter, growing by 4.3% quarter-on-quarter. This growth was driven by positive investment returns and an influx of funds into voluntary pension programs.
The pension savings portfolio of non-state pension funds (NPFs) has grown to 3.6 trillion rubles, while the volume of savings held in the Russian Social Fund has exceeded 2.8 trillion rubles. The volume of NPF pension reserves has again demonstrated maximum growth, reaching 2.7 trillion rubles. Since the beginning of the year, the Long-Term Savings Program has received over 160 billion rubles in savings contributions, and over 100 billion rubles in pension savings have been transferred.
Non-state pension funds increased their investments in debt instruments. They purchased OFZs with fixed coupon income and sold bonds with variable coupon income. This allowed the funds to lock in high rates and secure additional returns amid expectations of further monetary easing.
Read more in "Review of key indicators of non-state pension funds for the third quarter of 2025".
Preview photo: MMD Creative / Shutterstock / Fotodom
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