The Ministry of Finance approved the establishment of a fund with government participation for retirement savings of "quiet people" as reported by RBC in the Ministry, to manage citizens' money will create "authorized financing" with mandatory state participation. According to sources, the new structure was created with the participation of NPF "Welfare" and NPF "VTB Pension Fund". Therefore, the establishment of long-term savings for citizens will remain under the control of the state, the ministry said.