10th anniversary of the non-state pension fund OTP Pension
Non-state pension fund "OTP Pension" celebrates its 10th anniversary. During these years, the fund has become one of the leaders of the non-state pension market. Now the fund “OTP Pension” is in the TOP-3 of the largest open pension funds in terms of assets in Ukraine, and ranks 5th in terms of the number of participants among such funds and has the best growth rate of new clients in Ukraine. 40 675 people have already become participants of the fund, who keep more than UAH 130.3 million in OTP Pension retirement savings.
Contributions to the non-state pension fund OTP Pension are voluntary - it can be made by individuals for themselves or their relatives, and by businesses in favor of their employees for additional motivation. During 10 years of operation, the fund has received more than UAH 87 million of contributions and has already paid almost UAH 11 million of pensions.
The main goal of the pension fund is not only the accumulation of assets, but also its effective investment and protection against inflation. Over 10 years, investment income from the fund’s operations reached 294%, which is much higher than inflation, which was 191%.
“Of course, from the point of view of retirement savings, this anniversary may not seem very significant, but during this period many interesting and complex events took place in Ukraine and in the world. Stable performance and growth of our pension fund confirm that long-term savings in Ukraine can be reliable and effective. We are grateful to our clients for their trust and we will continue to work to ensure for them a decent standard of living on retirement”, says Vitaliy Dyshlovy, Head of Sales and Marketing Department of AMC “OTP Capital”.
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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.