OREANDA-NEWS. March 25, 2008. According to the data of the Pension Fund of the Russian Federation, on the basis of the results for 2007, Management Company Pension Reserve has taken the lead among privately-owned management companies in terms of the number of applications for management of pension accumulations. In total, during last year, 126 thousand applications were submitted by individual citizens for transfer of their pension accumulation to management by privately-owned management companies, one in four of these applications (over 33.3 thousand) having been submitted to Management Company Pension Reserve.

"Since 2004, Management Company Pension Reserve has been among the leaders in terms of both the number of customers and the volume of funds under its management. It is the first time, however, that we have taken the lead among privately-owned management companies in terms of the number of applications from individual citizens for transfer of their pension accumulations", says the General Director of Management Company Pension Reserve Vyacheslav Korpushenkov. "The results of the collection of applications were not unexpected for us, since we demonstrate a good yield on pension accumulations — over the last three years the yield has averaged 16.85%, plus it is very convenient to submit applications through our transfer agent — the Bank of Moscow, which has an extensive network of branches throughout the country. In addition, it is important that an increasing number of people now understand that the earlier they begin making investment contributions, the higher the sum of their accumulations will be and, consequently, the greater their possibilities."