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The UAPF funds are transferred to insurers and managers without intermediaries

The UAPF press service informed fund depositors about a new type of fraud.
The UAPF funds are transferred to insurers and managers without intermediaries

“Offers to provide intermediary services in obtaining pension savings by transferring them to private management companies or insurance organizations for further cashing out for a certain fee are being sent on social networks and online advertising platforms. JSC UAPF states this information is not true,” the fund’s press service reports.

It is impossible to get pension savings held in trust by private management companies or placed with life insurance companies under retirement annuity agreement through any intermediaries, and withdrawal by investors of their pension savings from the UAPF above the minimum adequacy threshold is permitted only for the purposes provided for by law, such as: improvement living conditions or medical treatment.

“By agreeing to participate in the fraud schemes, you not only risk losing your money but also jeopardize the safety of your personal data, which can later be used for other fraudulent activities. The UAPF strongly recommends that its depositors ignore such fake messages being circulated and obtain information from official sources,” the UAPF concluded.

Photos are from open sources.

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