PPF Safmar presented the results of the September survey on the attitude of Russians toward various financial instruments. According to the obtained data, almost half of respondents are aware of alternative ways of savings alongside bank deposits, but most of them do not use them personally.
Bank deposit is still the most common way of saving. However, 80% of depositors note the deterioration of conditions in credit institutions. 10% of respondents trust their funds to non-state pension funds, and the third place (5.7%) is shared by life insurance and individual investment accounts (IIA). It should be noted that almost 90% of respondents do not use any means of savings at all.
“A little less than half of respondents know that there are other savings options beside bank deposits. Most of respondents familiar with other accumulation tools or “have heard something about them”, are between the ages of 31 and 50. Generation Z and baby boomers (that is, under 30 years old and over 51 years old) know little about different financial instruments, except for bank deposits,” says the PPF Safmar press release.
However, it is possible to receive a guaranteed income with an average investment period. Thus, private pension funds have recently launched new investment plans designed not for pension savings but for a 4-5-year period with a guaranteed return and protection from recovery.
Photos are from open sources.
