First service centre in Nizhny Novgorod opens as a cooperative effort between the PJSC TNS energo Group of Companies and the Non-State Pension Fund GAZFOND Pension Savings

The event was attended by Dmitry Arzhanov, General Director of the PJSC TNS energo Group of Companies,Vasily Sitdikov, Managing Director of PJSC TNS energo NN,Eduard Mshenetsky, Assistant to the President of NSPF GAZFOND,Vladimir Mudrakov, the Director for Interaction with Pension Funds and Insured Personsof OJSC NSPF GAZFOND Pension Savings,Rinat Baibekov, Director of the Saint-Petersburg Branch of NSPF GAZFOND andPavel Besshapov, Investment Director of the Investment Projects and Programmes Administration of CJSC Leader.


The centre will provide the general public with services related to the execution of documents for the transfer of the cumulative parts of their pensionsto NSPF GAZFOND Pension Savings in the «one-stop shop» mode.Execution of the documents takes only 15 minutes,with the client only being required to show his/her passport andSNILS (Insurance Number of Individual Ledger Account).

Representatives of NSPF GAZFOND management also held a press conference in Nizhny Novgorod, during which they spoke about the peculiarities of the modern Russian pension system and the advantages of non-state pension provision.

Dmitry Arzhanov, General Director of the PJSC TNS energo Group of Companiessaid: «During 4 months of our partnership with NSPF GAZFOND nearly 1,500 TNS energoemployeeshave chosen NSPF GAZFOND Pension Savings, having become convinced of the reliability of the Fund. That is about 26% of the holding’s staff, and we estimate that, by the end of the year, a further 5,600 employeesare likely to start using the services of the Fund.»

«In the 3 months, during which specialists from NSPF GAZFOND Pension Savings were training our employeesto work with the product, we attracted between70 to 100m rubles from across allour different regions. Since the Fund’s clients will be retiringat least20-30 years from now, the Managing Company «Leader» and the NSPF are investing these funds in infrastructure projects that are profitable for pensioners and advantageous for the regions. This is exactly the kind of long-term finance that actsas a stimulus for economic development. So, we have a double effect here.Each individual will have botha higher pensionin the future and a better quality of liferight now.» Dmitry Arzhanov explained.


Vladimir Mudrakov, Vice-President of NSPF GAZFOND said: «This is a unique cooperative experience: one of the largest Russian energy retail holdings is not only our partner, client and a consumer of our products, but it is also acting as an agent of pension reform, helping people to take advantage of opportunities to manage their future pensions. It allows us, firstly, to expand our customer base, and secondly, byreducing the need tomaintain a costly branch network, we can minimize the expenses for securing our pension obligations. I am therefore very glad to see the appearance of employers, such as TNS energo that are socially responsible, not only in relation to their own employees, but also in relation to the general public. They are starting to take care of people’sstandards of living, not leastbecause itwill also be profitable for them to work with solvent clients in the future»

Pavel Besshapov, the Investment Director of the Investment Projects and Programmess Administration of CJSC Leaderemphasized:  «Individuals’ pension savings provide the main source of funding for long-term infrastructure projects. In the Nizhny Novgorod region pension savings funds have been used to build three sports and recreation centres, together with setting upprojects for processing solid household waste.The implementation of other projects is also currently being planned.The joint working of NSPF GAZFOND, the PJSC TNS energo Group of Companies, the Government and citizens of the Nizhny Novgorod region, withourselves as the managing company, will allow the investment of significant amounts ofmoney in the economy of the region, to improve the quality of life here. Our collective efforts will provide a further impetus to the development and creation of additionalinfrastructure in other constituent entities of the Federation, in the interests of all its citizens».

Note that the Nizhny Novgorod region is actually the project pilot region.By the end of this year, across nine of the regions in which theTNS energo Group of Companies operates,it is planned to open about 70 NSPF GAZFOND Pension Savings service centres in 47 branches ofthe energy retail companies which comprise the Group.

Also remember thatthe PJSC TNS energo Group of Companies concluded a cooperation agreement with OJSC NSPF GAZFOND Pension Savingsin May of this year.

Company Profile:

The PJSC TNS energo Group of Companies is a member of the energy wholesale market and also manages 10 guaranteeing suppliers, servicing more than 19 million consumers across 11 regions of the Russian Federation: PJSC TNS energo Voronezh (Voronezh region), JSC TNS energo Karelia (Republic of Karelia), OJSC Kubanenergosbyt (Krasnodar region and the Republic of Adygea), PJSC TNS energo Mari El (Republic of Mari El), PJSC TNS energo NN (Nizhny Novgorod region), JSC TNS energo Tula (Tula region), PJSC TNS energo Rostov-on-Don (Rostov region), PJSC TNS energo Yaroslavl (Yaroslavl region), LLC TNS energo Veliky Novgorod (Veliky Novgorod region) and LLC TNS energo Penza (Penza region). According to the results for 2014, the Group supplied a total of63.7 billion kWh of electricity.

OJSC NSPF GAZFOND Pension Savings is the successor to the rights and liabilities of the mandatory pension insurance operations of NSPF GAZFOND, which has been successfully working within the Russian pension market from as early as 1994, and,according to the key non-state pension fund performance indicators,is one of the largest such funds in the country. For more information about the Fund and its pension programmesplease visit the website www. gazfond-pn. ru or call the hotline number 8 800 700 83 83 (the call is free from within the Russian Federation).

Founded in 1993, CJSC Leader (the pension fund’s asset management company) isthe largest such Russian company in terms of the sum of assets in management and the amount of equity capital. The total amount of funds (assets) transferred to the Company for trust management, as of 31 March 2015, wasRb 436.0bn. The own funds ofCJSC Leader,as of 31 March 2015,amounted to Rb 8.4bn. The shareholders of the Company are Vnesheconombank, OJSC Gazprom, NSPF GAZFOND and JSC Gazprombank.