The Central Bank of Russia published its review of non-governmental pension funds for the second quarter of 2026, reporting portfolio growth driven by investment income and higher programme inflows. Contributions to the Long-term Savings Programme rose 30.6% quarter on quarter to more than RUB 83 billion, while contributions to non-governmental pension schemes increased 44.3% to RUB 42 billion, lifting pension reserves to RUB 3.3 trillion. Pension savings edged up to RUB 3.6 trillion after declining at the start of the year, as no savings were transferred to the Long-term Savings Programme as initial contributions during the quarter. Funds continued buying federal government and corporate bonds while reducing money market instruments and deposits. At the end of the first half, weighted average returns before management fees remained above inflation at 9.5% annually for pension savings and 10.3% for pension reserves.
2026-08-31Central Bank of Russia
Central Bank of Russia reports pension reserves rise to RUB 3.3 trillion as programme inflows accelerate
The Central Bank of Russia reported that non-governmental pension fund reserves reached RUB 3.3 trillion in the second quarter, supported by investment income and strong programme inflows. Pension savings edged up to RUB 3.6 trillion, while average pre-fee returns remained above inflation.