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Pension savings include not only the amount of contributions, but also the accumulated investment income. Pension asset managers (the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPM)) place pension assets in Kazakhstan and abroad in various financial instruments in various sectors of the economy, in different currencies, in order to obtain investment income. Such diversification ensures the safety and stable return on pension savings. Investment income consists of income in the form of interest on securities (deposits and other transactions), market and currency revaluation of financial instruments, assets under external management, etc.
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