Pension savings of UAPF contributors are continuously invested and work for the contributor. Last year alone, from January 1, 2021 to January 1, 2022, the increase in pension savings due to net investment income reached KZT1.4 trln. The return on pension assets of the UAPF managed by the National Bank of Kazakhstan amounted to 11.13%, with inflation of 8.4%.
Recall that investment income includes income in the form of interest on securities (deposits and other operations), income in the form of market revaluation of financial instruments, income in the form of currency revaluation, income on assets under external management, etc.
The amount of pension savings of contributors is recalculated and re-evaluated on a weekly basis in accordance with the results of pension assets investments. The composition of investment income includes income in the form of interest on securities (deposits and other operations), income in the form of market revaluation of financial instruments, income in the form of currency revaluation, income on assets under external management, etc.
Note that in addition to the National Bank of Kazakhstan, UAPF contributors can transfer part of their savings to companies to investment portfolio managers (IPM). At the moment, the UAPF has concluded an agreement on trust management of pension assets with four IPMs. Recall that after receiving pension assets from the UAPF, IPM invests them in authorized financial instruments.
Do you want to know how the pension asset investment system works? Then join our event on June 28 at 10:00 a.m.
In order to participate in the event, you need to register. Each participant needs to click on the link (https://enpf.webex.com/enpf/onstage/g.php?MTID=e2572090a8ce90f7a3799b3df338e5327). Then enter the number of the event meeting: (2512 226 7119) and the password of the event meeting: (123456).