PRESS RELEASES

Investment portfolios of pension assets as of November 1, 2023 

By what parameters did Kazakhstan outperform other countries? 

In 2023, Kazakhstan's pension system was included for the first time in the international rating - the Global Pension Index of the Mercer CFA Institute (hereinafter - the Index), which is a joint research project of the CFA Institute and the international professional consulting company Mercer Consulting (Australia). According to the analysis and comprehensive assessment, Kazakhstan's pension system ranked 20th in this rating.

As of November 01, 2023, KZT3.7 trillion was transferred to special accounts of Kazakhstanis opened in authorized operator banks, UAPF JSC (hereinafter - UAPF, Fund) for the purpose of purchasing/improving housing and (or) pay for medical treatment in accordance with 1.9 million applications. Let us remind you that contributors (beneficiaries) have the right to use savings an unlimited number of times within the amount of pension savings in the UAPF available for withdrawal for housing, medical treatment or for transfer to trust management of management companies.

For 9 months of the current year (from 01.01. to 01.10.2023), the Unified Accumulative Pension Fund provided 18.8 million services to its investors, of which more than 13 million in electronic format, more than 4 million in automatic format. 973,663 contributors were served, 856,794 people contacted the Fund’s offices directly.

Investment portfolios of pension assets as of October 1, 2023. 

The website enpf.kz provides a report on the management of pension assets of the NBRK and IPM as of October 1, 2023. A detailed report on the investment of pension savings is posted on the enpf.kz website in the “Indicators - Investment Activity” section, which provides monthly information on the management of pension assets by the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPM). The total volume of pension assets as of October 1, 2023 amounted to about KZT17,228.7 billion. At the same time, pension assets of the UAPF, which are in trust management of the National Bank of the Republic of Kazakhstan, amounted to KZT17,216.9 billion. Pension assets managed by IPM amounted to KZT11.8 billion.

We continue to post the most interesting interviews with guests of the high-level international round table “Prospects for the development of mandatory funded and mixed pension systems” held in Almaty, in which leading foreign and Kazakh experts took part. This time you can get acquainted with the answers of Dr Guillaume Filhon, senior project manager of the International Social Security Association (Switzerland), to pressing questions regarding the development of pension systems. He will talk about ways to involve workers in new employment formats in the pension system and the use of information and communication technologies in this process.

As already reported, on September 28, 2023, the high-level international round table “Mandatory Funded and Mixed Pension Schemes Development Prospects” was held in Almaty, in which leading foreign and Kazakh experts took part. This event was held as part of the celebration of the 25th anniversary of the funded pension system of the Republic of Kazakhstan. The organizers of the Round Table were the Unified Accumulative Pension Fund of Kazakhstan (UAPF) in cooperation with the International Social Security Association (ISSA), which is a leading international organization uniting government agencies, organizations and departments in the field of social security.

Today, when receiving many types of services, government and financial institutions request the user’s consent to collect and process personal data. Let's figure out why the UAPF requests such consent once when the contributor (beneficiary) logs into his personal account on the enpf.kz website or in the UAPF mobile application.

The next link in the series of dialogues about the pension system of Kazakhstan for its 25^th anniversary was a conversation with Kadyrzhan Kabdoshevich Damitov, an economist and political figure in Kazakhstan, ex-chairman of the National Bank of the Republic of Kazakhstan (1998-1999), ex-president of the Kazakhstan Stock Exchange: KASE (2009-2013), acting as a member of the Board of Directors, independent director of Unified Accumulative Pension Fund JSC (2017-2020).