JSC 'Unified Accumulative Pension Fund’ was established in August 22, 2013 on the basis of JSC ‘State Accumulative Pension Fund’.
The Government of the Republic of Kazakhstan represented by Committee for State Property and Privatization of the Ministry of Finance is the founder and shareholder of the Unified Pension Savings Fund (UPSF).
UAPF state-owned block of shares is under trust management of the National Bank of Kazakhstan.
National Bank of Kazakhstan jointly with the Council for Pension Assets Management under the President of the Republic of Kazakhstan provides management of UPSF pension assets. Since January 1, 2016, according to the Decree of the President of the Republic of Kazakhstan, responsibility for developing proposals to increase the pension assets management efficiency had been transferred to the Council for National Fund Management headed by the President of the Republic of Kazakhstan.
Organizational assistance to members in the accumulation of pension savings by means of service quality improvement, accurate pension assets record keeping as well as pension savings planning culture development.
UAPF is a reliable single administrator and operator of all financial and information flows of individually fully funded pension system of the Republic of Kazakhstan.
conclusion of agreements on pension schemes (opening individual pension accounts) through attraction of:
execution of payments and transfers to insurance companies;
providing depositors/recipients with information from individual pension accounts about status of their pension savings;
change of details of individual pension account holders (personal and contact information);
free advice on functioning of the cumulative/contributory pension system and activities on investment management of pension assets.