More than 40 000 people are already participants of OTP Pension fund
The number of people with accounts in the non-state pension fund OTP Pension has exceeded 40 000. From beginning of 2018, the number of fund’s participants increased by 21% - more than 7 000 new members joined the fund - this is the best growth indicator in the entire pension industry.
Contributions to the non-state pension fund "OTP Pension" are voluntary and can be made by individuals for themselves and their relatives as well as by an employer in favor of its employees for additional motivation of the staff. Since the beginning of 2018 the fund has received almost UAH 13 million of new contributions. During this period, due to these contributions and investment income, the total assets of the fund increased by 18%, reaching UAH 128 million. Today, OTP Pension fund is one of TOP-3 largest open pension funds in Ukraine by assets and ranked 5th by the number of participants among such funds.
"Our goal is to engage as many people as possible into non-state pension accumulation, to convince them that it is necessary to be responsible for their own future. We, as the asset management company, are helping them in doing so, by making every effort to keep their savings safe and growing. It is pleasant to know that we are the leaders in Ukraine in terms of number of new clients,” says Vitaliy Dyshlovy, Head of Sales and Marketing Department of AMC “OTP Capital”.
Contributions to the pension fund from individuals and legal entities to "OTP Pension" fund are invested in reliable financial instruments - government bonds and bank deposits - in order to increase and protect them from inflation. After reaching a retirement age, the fund’s participant receives payments from accumulated capital.
Share these news with friends!
AMC OTP Capital LLC was established in July 2007 by the Ukrainian OTP Bank (9.9%) and the Hungarian Asset Management Company OTP Fund Management (90.1%), and became the second OTP Group representative after OTP Bank in Ukraine.
The company provides a wide range of high quality investment services to both corporate clients and individuals, and is one of the leaders in the mutual investment market. AMC OTP Capital manages seven public investment funds, eight venture funds, assets of insurance companies, as well as four non-governmental pension funds, including the largest non-governmental pension fund in Ukraine – Open Pension Fund “OTP Pension”, the FreeFlight Monetary Fund and the Magistral Pension Fund for railway and transport construction staff. There is UAH 4.1 billion of its assets under management.
Public joint stock company OTP Bank is one of the largest domestic banks, a recognized leader in the financial sector of Ukraine. The Bank provides a full range of financial services to corporate and private customers, as well as to small and medium enterprises. The Bank entered the Ukrainian market in 1998, and since then it enjoys a staunch reputation of socially responsible, reliable and stable institution providing its consumers with services of European quality standard. Its absolute owner is the largest Hungarian Bank OTP Bank Plc.