PRESS RELEASES

The enpf.kz website presents a report on the management of pension assets of the NBRK and IPM as of January 1, 2025. 

At the end of 2024, the trustees of UAPF pension assets: the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPM) demonstrated returns that significantly exceeded both the last year’s figure and the inflation rate in 2024 (8.6%), which indicates on effective asset management and the ability to adapt to economic conditions. The achieved indicators are the result of choosing the right investment strategy and portfolio diversification.

In 2024, the key indicators of UAPF demonstrated positive dynamics in all areas. 

The volume of pension savings of Kazakhstanis as of 01.01.2025, consisting of contributions received into their accounts and investment income, amounted to about 22.80 trillion tenge, demonstrating an increase of KZT4.93 trln or 27.6% over the year.

From January 1, 2025, thanks to the growth of pension savings, the annual increase in social parameters and the indexation of benefits, the size of pension benefits from the UAPF will continue to increase for those who are just starting or continue to receive their funded pension.

From January 1, 2025, the employer’s compulsory pension contributions (ECPC) in Kazakhstan will be 2.5%.

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.