PRESS RELEASES

For 11 months of 2024, the net investment income of Kazakhstanis amounted to KZT2.78 trln, which is KZT1.53 trln or 123% more than the same period last year.

The volume of pension assets of Kazakhstanis as of December 1, 2024 amounted to about KZT22.13 trln (growth over 11 months - more than KZT4.25 trln or 23.8%). Over the year, pension assets have grown by more than KZT4.75 trln (or 27.4%).

UAPF JSC (hereinafter referred to as UAPF) presents a report on the management of pension assets by the National Bank of the Republic of Kazakhstan (hereinafter referred to as NBRK) and investment portfolio managers (hereinafter referred to as IPM) on the enpf.kz website in the section "Indicators - Investment activities".

A series of interviews with experts on the functioning and development of the funded pension system of Kazakhstan, as well as on the activities of the Fund, continues on the БЖЗҚ/ЕНПФ YouTube channel.

In the period from 01.01.2024 to 30.11.2024, the Unified Accumulative Pension Fund provided over 40.3 million services to the population. Of these, more than 21.6 million were provided electronically, and about 17.1 million automatically. Thus, the share of services provided in automatic, electronic and remote formats amounted to 97.4% of the total. More than 1.0 million services were provided in person, including about 1.0 million directly in the Fund's offices.

Pension savings of Kazakhstanis are invested both in the country and abroad on market terms in various financial instruments in different currencies. As a result, investment income consists of various sources: income in the form of remuneration on securities (deposits and other transactions), income in the form of market and currency revaluation of financial instruments, as well as income on assets under external management.

Recently, offers have been sent out on social networks and online advertisement platforms to provide intermediary services in obtaining pension savings above the minimum adequacy threshold (MAT) for any category of citizens at a low interest rate.

The funded component of pension benefits directly depends on the amount of pension savings, which, in turn, is formed by regularly made pension contributions in full. Contributions received monthly to accounts are increased by investment income, and also serve as confirmation of work experience since 1998, which is necessary for calculating pensions from budget funds. How to control pension savings?

UAPF JSC regularly holds various events to improve the financial literacy of the population. Since the beginning of 2024, the branches of the Fund have held more than 35.3 thousand road presentations as part of information and explanatory work, which were attended by about 740.3 thousand people. On November 29 and December 6 of this year, the next online webinars were held for employees of the Almaty Regional Bar Association.

As of December 1, 2024, from the date of accrual of the first funds from the National Fund of the Republic of Kazakhstan to all children - citizens of Kazakhstan, UAPF JSC has executed (transferred to authorized operators for crediting to the bank accounts of applicants) 41,799 applications amounting to about 4.2 million US dollars. Of these, 22,623 applications for about 2.3 million US dollars have been executed for the purpose of improving housing conditions, and 19,176 applications for more than 1.9 million US dollars have been executed for paying for education. Let us remind you that the recipient of target savings has the right to use the entire amount or part of it, the remainder of the unused amount remains in the target savings account (TSA).

In accordance with the Social Code of the Republic of Kazakhstan, the UAPF annually, no later than five working days after the official publication of the law on the republican budget for the next financial year, is obliged to publish in the media, as well as on its own Internet resource, the minimum adequacy thresholds (MAT) of pension savings, calculated for the coming year.

The level of financial literacy of the population in the area of ​​pension provision and the degree of trust of the population in the funded pension system, as well as in the Unified Accumulative Pension Fund (UAPF) have increased compared to last year, according to the results of an annual independent sociological study conducted by the Center for Strategic Research.