NEWS

Net investment income accrued to individual and notional pension savings accounts of UAPF contributors, as of April 1 since the beginning of this year, amounted to about KZT569.5 bln, which is more than KZT233.1 bln or 69.3% of the same period last year.

The return on pension assets of the Unified Accumulative Pension Fund, formed from compulsory pension contributions (CPC), compulsory occupational pension contributions (COPC), voluntary pension contributions (VPC), distributed to the accounts of contributors (beneficiaries) for 3 months of 2024, amounted to 3.15%. The return on pension assets of the UAPF, formed from the employer's compulsory pension contributions (ECPC), as of April 1, 2024 from the beginning of the year is 1.37%. 

Investment income consists of income in the form of interest on financial instruments (on securities, deposits and other transactions), market and currency revaluation of financial instruments, income on assets under external management, etc. The National Bank of Kazakhstan and investment portfolio managers (IPMs), in order to obtain investment income, place pension assets in reliable financial instruments of different sectors of the economy in various currencies in the Republic of Kazakhstan and abroad. Due to such diversification, stable investment returns are ensured. 

In the structure of the investment portfolio of pension assets of the UAPF, formed at the expense of CPC, COPC, VPC and being in trust management of the National Bank of the Republic of Kazakhstan, by currency as of April 1, 2024, 33.16% are financial instruments denominated in US dollars, 66.81% - in national currency. The investment portfolio of pension assets formed at the expense of the ECPC includes only financial instruments denominated in national currency. 

Investment returns since the founding of the funded pension system in 1998 as of April 1, 2024, cumulatively amounted to 845.3%, with inflation for the entire period of 776.5%. Thus, the accumulated investment income in the long term exceeds inflation.

  Let us remind you that in Kazakhstan there is a unique guarantee of the safety of compulsory pension contributions, taking into account the level of inflation. In cases of a decrease in return in a particular period, which affected the accumulated return of the contributor upon the onset of the right to benefits, compensation for the difference is guaranteed by the state.

The entire system of investment management and accounting of pension assets is transparent: each contributor has the opportunity to see his investment income in his personal account on the enpf.kz website or in the mobile application.

Information on the investment management of UAPF pension assets and on the financial instruments in which UAPF pension assets are placed is published on the official UAPF website (www.enpf.kz) in the “Indicators/Investment activities” section. 

A lot of interesting and useful information, including interviews with experts of the funded pension system on investing pension assets, is on the БЖЗҚ ЕНПФYouTube channel.