PRESS RELEASES

Investment activity in managing pension assets is absolutely transparent and available for review. On the website enpf.kz in the section “Indicators - Investment activity”, detailed information on the management of pension assets by the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPM), as well as reviews of investment activity, is monthly posted. At the moment, the information is updated as of March 1, 2023.

Key indicators of UAPF as of March 1, 2023

As of March 1, 2023, pension savings in the amount of KZT15.13 trillion were formed on individual accounts of contributors (beneficiaries) of the Unified Accumulative Pension Fund. Since the beginning of the year, their growth as of March 1, 2023 amounted to KZT466.2 billion (3.2%). Compared to the same date last year, the volume of pension savings increased by KZT1.54 trillion (or 11.4%).

For 2 months of the current year (from 01.01.23 to 01.03.2023), the Unified Accumulative Pension Fund provided its contributors with 4.6 million services, of which 3.1 million in electronic format, 1.14 million in automatic format. Thus, more than 92% of the total volume of services were provided remotely: on the website or in the UAPF mobile application, as well as in an application-free mode.

The net investment income of contributors (beneficiaries) of the Unified Accumulative Pension Fund since the beginning of the year, as of March 1, 2023, exceeded KZT204.4 billion.

The UAPF recommends that you regularly inquire about the timely receipt and correctness of the amount of pension contributions deducted from your salary and transferred to individual pension saving accounts (IPSA) in the UAPF.

According to the results of the market revaluation on March 13, the investment income of contributors (beneficiaries) of the UAPF increased by KZT344 billion.

Another confirmation that pension savings are long-term investments and it is advisable to analyze the amount of investment income for a period of at least one year was the rapid growth of the investment component of savings of contributors (beneficiaries), which followed a short-term change in investment income associated with the occurrence of a negative exchange rate difference and market valuation financial instruments in the investment portfolio.

or why it is not wise to invest all the savings in one currency
  The pension savings of UAPF contributors and beneficiaries consist of contributions received to an individual pension saving account (IPSA) and accrued investment income.

UAPF provided accounting data as of March 1, 2023

For housing

From January 2021, as of March 1, 2023, about KZT3.2 trln was transferred from the UAPF to the special accounts of Kazakhstanis opened in banks-authorized operators to improve living conditions. Thus, the Fund executed 1,351,861 applications of contributors and beneficiaries. The average amount seized per one application is about KZT2.4 mln.

UAPF informs its contributors and beneficiaries about the increasing cases of fraudsters sending false information on social networks.

- Soon I'm going to retire, where can I apply for a pension?

In order to receive both the basic and solidarity (PAYG) pension from the state budget, and pension benefits from the UAPF at the expense of compulsory pension contributions and (or) compulsory occupational pension contributions (if any), when you reach retirement age, you should apply with a single application to the State Corporation (PSC) at the place of residence with the presentation, among other things, of an identity document, as well as information about a bank account.

The investment income of pension assets accrued in January 2023 exceeded the figure for the same period by 5.4 times and amounted to KZT66.4 billion.

The enpf.kz website contains a report on the management of pension assets of the NBRK and IPM as of February 1, 2023. A detailed report on the investment of pension savings is posted on the website enpf.kz in the section “Indicators - Investment activity”, 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). As previously reported, the total amount of pension assets as of February 1, 2023 amounted to about KZT14.9 trln. At the same time, UAPF pension assets held in trust by the NBRK amounted to KZT14,845.94 bln. Pension assets managed by IPM amounted to KZT9.57 bln.

In January 2023, the Unified Accumulative Pension Fund provided about 2.6 million services to its contributors and beneficiaries, of which 1.6 million - in electronic format, 780.5 thousand - in automatic, more than 60 thousand - in a remote format in the form of consultations. Thus, Kazakhstanis receive 95% of pension services remotely.

The volume of pension savings of Kazakhstanis as of February 1, 2023 amounted to KZT14.9 trln. Since the same date last year, it has increased by almost KZT1.8 trln or 13.4%.