TOTAL COST OF ASSETS OF UKRAINIAN PRIVATE PENSION FUNDS 8% UP IN 2016 - WATCHDOG

Business news from the Ukrainian League of Industrialists and Entrepreneurs

TOTAL COST OF ASSETS OF UKRAINIAN PRIVATE PENSION FUNDS 8% UP IN 2016 – WATCHDOG

19 Apr , 2017  

KYIV. April 19 (Interfax-Ukraine) – The total cost of assets of private pension funds in Ukraine as of late 2016 reached UAH 2.139 billion, and this was 8% more than as of late 2015 and 13.4% less than as of late 2014, according to a posting on the website of the national commission for financial service markets regulation.
The regulator said that total revenue received from investment of pension assets grew by 23.9%, to UAH 1.081 billion. Profit from investing assets was UAH 834.8 million (27.1% up).
The sum of retirement investments grew by 0.4%, to UAH 1.895 billion. Companies paid UAH 1.802 billion (95.1% of total investments, 0.2% down). Investments by individuals totaled UAH 92.2 million (14.8% up).
Expenses settled using pension assets grew by 14.2%, reaching UAH 245.7 million for the period of existence of pension funds or 11.5% of total cost of assets.
The regulator said that the number of pension contracts signed by administrators of the private pension funds grew by 4.9%, to 62,600 thanks to growth of the number of contracts signed with individuals by 6.2%, to 55,200.
The number of investors grew by 2.5%, to 56,500.
The total number of participants of private pension funds was 834,000, including 81,300 (9.7%) receiving pensions.
Pension payments grew by 13.1%, to UAH 629.9 million.