Products > SPO Private Pension Fund Admin

SPO Private Pension Fund Admin

The system of personified registration «SPO» is the market leader in similar systems in Ukraine intended to automate processes in accordance with Ukrainian legislation, in the first place for the automation of personified registration of participants of private pension funds and other related processes.
 
The purpose of the automated system is ensuring efficient operation of the Administrator of private pension funds, compliance with the law in carrying out its functions.
 
System «SPO» meets the following key documents:
 
  • The Law of Ukraine «On the non-state pension provision» from 09.07.2003, № 1057-IV.
  • The Law of Ukraine «On income tax of physical persons» from 22.05.2003 № 889-IV.
  • «Requirements for technical support and information systems for the conduct of personified registration of participants of non-state pension fund», approved by the State Commission for Regulation of Financial Services Markets of Ukraine dated 22.06.2004 № 1101, registered at the Ministry of Justice of Ukraine on July 8, 2004 № 855 / 9454.
  • «Regulations on the Administration of the Pension Fund», approved by the State Commission for Regulation of Financial Services Markets of Ukraine from 20.07.2004, № 1660, registered at the Ministry of Justice of Ukraine on August 6, 2004 № 990/9589.
  • Other legal and regulatory framework governing activities in the field of private pension coverage.

 

The main functions of System:

 

System «SPO» automates all tasks provided «Regulations on Administration activities of private pension fund»:

 

  • Opening, maintenance and closure of registration cards of registered persons and other objects of accounting.
  • Accounting documents are the basis for the development and changes to the system of personified registration.
  • Opening, maintenance and closure of individual pension accounts fund participants.
  • Include information on the collection of pension contributions to individual retirement accounts of participants of the fund.
  • Implementation of the distribution of pension contribution paid by the benefit of fund participants, according to individual pension accounts of such participants.
  • Distribution of investment income (loss) of the fund to individual pension accounts fund participants.
  • Maintain records of journals included in the system of personified registration.
  • Issuance of fund participants of extracts from individual retirement accounts and providing other information required by law.
  • Processing of requests for information from the system of personified registration, and providing information in accordance with applicable law.
  • Formation, storage and archiving of documents accounting, under which established a system of personified registration and the documents that became the basis for the changes to the system, documents created in the result of data processing system of personified registration.
  • Transfer of pension funds member of the fund to another fund, bank or insurance company in the cases stipulated by legislation of Ukraine.
  • Calculation of pension benefits.
  • Calculation of tax on personal income withheld from pension payments.
  • Transmission system of personified registration to another administrator.
  • Administrative functions (user management, backup, restore, etc.).
  • Formation NPF-reporting forms for National committees of financial services.
  • The system also meets the document «Requirements for technical support and information systems for the conduct of personified registration of participants of private pension fund».
 
Users of the «SPO» system
 
  • «Managing administrator of pension funds «Paritet»»
  • «Asset Management Company «Optima Capital»»
  • «Pension Funds Administrator «Syntax-Invest»»
  • «Asset Management Company «Opeka»»
  • «Asset Management Company «OZON»»
  • «Asset Management Company «Pension reserve»»
  • «Asset Management Company «Ukrainian funds»»
  • «Asset Management Company «Magistr»»
  • National Bank of Ukraine
  • «Asset Management Company «Administrator of private pension funds«Troika Dialog Ukraine»»
  • «The first administrator of pension fund»