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Pension Fund, Bank of Russia sign agreement on cooperation in financial enlightenment

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Pension Fund, Bank of Russia sign agreement on cooperation in financial enlightenment

Cooperation aims to pool efforts of both entities to protect people of retirement and pre-retirement age against frauds and to develop their digital skills.

Joint projects will also increase public awareness of the development of pension entitlements, ways of learning the amount of one’s pension savings, and ways of preventing unfounded write-off of social payments on account of debt.

Cooperation between the Bank of Russia and the Pension Fund will rely on the developed network of their territorial branches and the capacity for coordination in regional programs aimed at raising financial awareness.

The Bank of Russia prioritizes safe use of financial services by the elder generation. For its part, the Pension Fund annually launches an information campaign to explain pension and social entitlements. The synergy of respective efforts of the bank and the fund will relay necessary information to a large number of people who want to know how to protect their rights and to make balanced financial

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