OREANDA-NEWS. Expert RA Rating Agency (RAEX) confirmed its Level A+ reliability rating (very high reliability) in respect of Volga Capital Pension Fund. The rating outlook is stable. Stable outlook means that the rating is very likely to remain intact in the medium term.

In the course of Volga Capital rating assessment, the Agency pointed out such positive factors as high diversification of pension reserves among management companies, conservative approach to pension accruals investment and pension reserves placement, and acceptable organization of risk management.

The downside factors include insufficient assets required for business activities, low diversification of pension accruals among management companies, narrow client base in voluntary and mandatory pension insurance, high percentage of mandatory pension insurance policies cancelled, and decrease in mandatory pension insurance client base.