Ukrainian Pension Fund

What Ukrainian Pension Fund does

Ukrainian Pension Fund (ВНПФ «Український пенсійний фонд») is an open non-state pension fund established in 2005 and headquartered at 40 Ushynskoho Street in Kyiv, Ukraine. It provides voluntary pension accumulation and management services to two customer segments: individuals (physical persons) seeking to build personal retirement savings through voluntary contributions, and legal entities (employers) that make contributions on behalf of employees as part of corporate benefits programs. The fund pools contributions and invests them to generate returns, retaining a portion as administration and management fees; this constitutes its sole disclosed revenue stream.

The fund operates as a single unified service rather than a platform-plus-modules architecture. Its core digital touchpoints are an online Pension Calculator (offered separately to individuals and employers) and an Individual Pension Account Status checking tool that lets participants monitor contribution history and accumulated balances. No proprietary technology platform, API, or mobile application is disclosed; the supporting technology stack is not described beyond a standard website. The fund also publishes analytical articles on Ukrainian pension reform and international comparisons, positioning itself as a domain-knowledge voice in the local policy debate.

Commercially, the fund earns management and administration fees on pension contributions and assets under management (net asset value of UAH 22.65 million as reported on its website, with a stated 10.32% fund return). Distribution is direct-to-consumer via the website and a single Kyiv office, supplemented by partnerships with Ukrainian banks — most notably Oschadbank (state savings bank) and Ukrgasbank — that disburse pension payments to participants' card accounts. Marketing is primarily educational content and social media presence. The fund is regulated by the National Securities and Stock Market Commission (NSSMC) and the National Bank of Ukraine.

Name

Ukrainian Pension Fund

Legal name

Відкритий недержавний пенсійний фонд «Український пенсійний фонд»

Website

https://upf.fund

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Ukrainian Pension Fund is a Kyiv-based open non-state pension fund, founded in 2005, providing voluntary pension accumulation and management services to individual contributors and corporate employers in Ukraine, with revenue from administration and management fees on contributed assets.

Ownership category

akta.pro rank

Product category

Pension Fund Management

NAICS

Pension Funds (525110), Pension Funds (52511)

SIC

Investment Advice (6282)

akta.pro primary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

akta.pro secondary industry

Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ)

Keywords

• Pension fund services
• Retirement savings
• Voluntary pension contributions
• Employer pension plans
• Pension asset management

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Pension Fund Management Fees: Non-state pension fund generates revenue through administration and management fees charged on pension contributions and assets under management. The fund pools contributions from individuals and employers, investing them to generate returns, while retaining a portion as operational fees.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Ukrainian Pension Fund (ВНПФ «Український пенсійний фонд») is an open non-state pension fund that pools voluntary pension contributions from individuals and employers, professionally invests and manages those assets, and distributes accumulated pension payments to participants upon retirement. The fund also provides online self-service tools including a pension calculator for individuals and employers and an individual pension account status checking service.

Product overview

ВНПФ «Український пенсійний фонд» is an open non-state pension fund operating as a single unified service rather than a platform-plus-modules architecture. The fund's core offering consists of pension accumulation and management services, with key digital touchpoints including an online Pension Calculator for individuals and employers, and an Individual Pension Account Status checking service. These tools enable participants to estimate retirement benefits and monitor their accumulated pension savings. The fund also provides analytical content on pension reform topics and serves both individual participants and corporate contributors (employers).

Differentiator

Problem solved

Functional benefit

Products and services

• Open Non-State Pension Fund (Відкритий недержавний пенсійний фонд «Український пенсійний фонд»)
• Pension Calculator (Пенсійний калькулятор)
• Individual Pension Account Status (Стан індивідуального пенсійного рахунку)

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor and core.

• Sabrina (СБ Нотаріус)minorOthersNotary services partner providing notarial services to fund participants. Website link provided: sb-notary.com/ru/notariusy
• ACPO (Association of Credit Protection Organizations)minorOthersCredit protection organization partner. Website: www.acpo.com.ua
• Ukrgasbank (Укргазбанк)coreOthersState-owned bank partner for pension payments and financial services. Fund transfers pension payments to card accounts at Ukrgasbank.
• Academy of Investigation (Академія слідства)minorOthersEducational institution partner. Website: academy.in.ua
• Oschadbank (Ощадбанк)coreOthersState Savings Bank partner for pension payment disbursements. One of the largest state banks in Ukraine.
• Exim Bank (Ексім Банк)minorOthersExport-Import Bank partner. Website: www.eximb.com
• KUB (КУБ)minorOthersCredit Union Bank partner. Logo displayed on partners page.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• NN Group (Nationale-Nederlanden): NN Group is a Dutch insurance and pension provider active across Europe and several emerging markets, offering individual retirement accumulation and corporate pension products. It is comparable as a broad incumbent operating voluntary pension schemes and asset-management activities similar to the Ukrainian Pension Fund.
• State Street Corporate Pension Services: State Street provides pension fund administration, custody, and investment management globally for defined-benefit and defined-contribution plans. It is comparable as a broad incumbent performing the back-office and investment-management functions that small non-state pension funds like the Ukrainian Pension Fund must also execute for their participants.
• ING (ING Bank Ukraine / NN Future Pensions heritage): ING operates retail and pension products across Europe and historically in Ukraine through banking and asset-management units, pairing banking-distribution with retirement accumulation. Comparable as a broad incumbent whose banking-tied pension distribution resembles the Ukrgasbank/Oschadbank partnership model used by the Ukrainian Pension Fund.
• Allianz Life / Allianz SE: Allianz operates large unit-linked and individual retirement savings products globally, including in Central and Eastern Europe. It is comparable as a broad incumbent combining pension administration with proprietary investment management on pooled retirement assets.
• AXA (UK/Europe Pensions): AXA operates one of Europe's largest workplace and individual pension businesses (AXA Retirement). It shares the Ukrainian Pension Fund's combination of voluntary individual savings, employer-sponsored plans, and pooled investment management, serving as a broad-incumbent reference point for scale-efficient pension operations.
• Legal & General (L&G): Legal & General is a leading UK pension risk-transfer and workplace pension provider with extensive asset management of pension liabilities. It is comparable as a broad incumbent that administers employer-sponsored pension accumulation pools and invests participant contributions—an operational parallel to a non-state pension fund.
• Aviva Investors / Aviva plc: Aviva is a major UK-based life and pensions group operating open-architecture workplace and retail pension products. It is comparable as a broad incumbent whose pension-administration, investment management, and AUM-fee business model mirrors the Ukrainian Pension Fund's core activity at vastly greater scale.

Regional players

• MetLife Ukraine: MetLife's Ukrainian life and pensions subsidiary offers voluntary individual and corporate retirement products in the same market as the Ukrainian Pension Fund. It is comparable as a regional (in-country) competitor sharing the Ukrainian voluntary pension-fund distribution context.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key highlights5 records

Customer concentration

• Xx.com/upf_fund
• Facebookfacebook.com/upf.fund

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ukrainian Pension Fund