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What is OTP Pension?
OTP Pension is an open non government pension fund. Fund gives opportunity to accumulate money for old age and to provide additional pension on reaching pension age. You can pay a little ammount of money to OPF “OTP Pension”, cash accumulates on your personal pension account, you earn investment result, on reaching pension age you can receive OTP Pension.
What is administrator of pension funds? What are its functions?
An administrator of pension fund is a legal entity which provides administration for non-government pension fund in accordance with the Law of Ukraine «On the non-government pension provision».
The administrator of pension fund executes such functions:
- conducts personified record keeping of pension fund participants;
- concludes pension contracts on behalf of the pension fund;
- provides pension payments to the participants of the fund;
- gives an order to the Custodian on money transfer for payment of charges, that are paid provides to the pension fund agent and advertizing services, accordinly to it activity;
- provides information in accordance with the conditions of the agreement and Law on NPP;
- makes reporting about activity results of the fund;
- conducts a record-keeping and gives the financial reporting of the pension fund to the corresponding bodies of executive power and to the Board of the pension fund.
Who is the owner of OPF «OTP Pension»?
OPF «OTP Pension», administrator of the fund and asset management company belong to OTP Group.
Does the system of the non government pension provision work in nearby countries?
Yes, the system of the non-government pension provision started in Hungary in 1993, Bulgaria and Czechia in 1994, Estonia, Latvia and Poland in 1998, Croatia in 1999, Slovenia in 2000, Lithuania in 2004, Romania in 2006.
Does the system of the non government pension provision of OTP Group work in nearby with us countries?
Yes, the pension funds of OTP Group work in Hungary, Bulgaria and Romania, where OTP Group occupies leading positions at the market of the non-government pension provision.
Now experience and possibilities of OTP Group are also availible in Ukraine.
Who is the administrator of the fund?
«OTP Pension Funds Administrator» LLC.
Who manages the assets of the fund?
«AMC «OTP Capital» LLC.
Who is the Custodian?
CJSC «Universal bank».
Why is OTP Bank not the Custodian?
OTP Bank is an affiliated to the fund entity that is why in accordance with the current legislation of Ukraine OTP Bank can not be the Custodian.
Why I can not prepare myself to the retirement age personally and accumulate money without OTP Pension?
Preparing yourself to the retirement age with OTP Pension, your accumulations are managed and invested by the professional participants of the stock market, which have experience in investing and access to information about situation on the stock market.
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