Auditing team made no comment on investment activities, trusts and application of finance resources specially allocated for the fund. This fact indicates absence of abusive acts and improper use of the fund financial resources.
Transneft NPF experienced such an extensive and comprehensive audit for the first time in its history. During the audit the fund officers took from archives, systematized, compared and prepared for submission to auditors more than 10 thousand pages of documents covering 182 matters. Upon the request of auditors, the fund officers provided written and verbal explanations on many complicated issues. Requests for materials and documents in all cases had tough deadlines for submission thereof, up to two or three hours. However, all requested materials were delivered in time despite their great amount.
The reports, summarizing the audit results, state integrity of the fund, which pays a particular attention to effectiveness and quality of its activities, and positively assess investment of pension assets. The auditor especially emphasized deep integration of the fund in the company structure, which enables to substantially reduce its risks.
Transneft NPF is one of the largest private pension funds in Russia. The fund has successfully implemented in-company private pension scheme for employees of Transneft, JSC subsidiaries for 14 years. Expert RA rating agency assessed the fund reliability as A++ that is an exceptional degree of reliability. According to experts’ opinion, the fund is likely to fulfil its obligations in mid-term even considering serious negative changes of macroeconomic and market factors.
24 Января 2025 | пятница | 14:11
