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26 июня 2023
Astana Hub, together with the National Commission, will train 2,000 women in IT skills

Kazakhstani women will be able to study IT professions for free within the framework of the IT-Aiel program.

Unemployed women over the age of 18 will be able to apply for the IT-Aiel program and study No Code School, Freelance School, and basic computer literacy courses.

Participants will be able to start mastering a new business on August 1 in an online format in Kazakh and Russian.

The program includes webinars, workshops, live broadcasts, Q&A sessions, etc.

At the end of the training, all graduates will receive an electronic confirmation certificate.

A study conducted by Coursera in partnership with IFC and the European Commission found that 45% of all women, as well as 60% of women carers, said they would have to postpone or stop their education if online learning was not possible.

That is why the IT-Aiel program is of great value and significance for unemployed women.

Applications will be accepted until July 15, additional information can be obtained from the Astana Hub support service by calling the short number 2222.

17 апреля 2023
ANNOUNCEMENT

Apply for your pension on time!

 In 2022, about 7 thousand persons who have reached retirement age and have pension savings in the UAPF, but who did not apply for them in a timely manner, received pension benefits, of which 4.5 thousand are women, 2.5 thousand are men. This became possible, among other things, as a result of the reconciliation that the UAPF annually conducts jointly with the State Corporation "Government for Citizens" NJSC (State Corporation) to identify persons who have reached retirement age and have pension savings in the UAPF, while receiving pension benefits according to age at the expense of budgetary funds, but who did not apply for payment to the UAPF.

The service was provided by the State Corporation in a proactive format to 24,000 people from this category of people.

At the same time, based on the results of the UAPF activities carried out with the State Corporation, it was decided to conduct additional targeted informing of the specified category of beneficiaries via e-mail and (or) telephone numbers of subscriber’s cellular devices.

As a result of targeted informing of the UAPF, about 20 thousand beneficiaries of pension benefits were informed.

The UAPF recommends applying for a pension in a timely manner and notifies that, according to the Law of the Republic of Kazakhstan On Pension Provision in the Republic of Kazakhstan, persons who have reached retirement age have pension payments from the UAPF at the expense of mandatory and mandatory professional pension contributions according to the established schedule: men - upon reaching 63 years, women - 61 years (until 2028), as well as disabled people of the first and second groups, if disability is established indefinitely. At the same time, we note that pension benefits from the UAPF are assigned from the date of application and are made until the pension savings are exhausted.

For registration of pension benefits from the UAPF in connection with:

upon reaching the retirement age, it is necessary to apply to the divisions of the State Corporation at the place of residence;

with a disability of the first or second group, established indefinitely - directly to the UAPF office or using an electronic digital signature, submit an appropriate application in your personal account on the UAPF website.

Detailed information can be obtained at the offices or on the Internet resources of the Fund, as well as by calling the toll-free number 1418.

 

 

The UAPF was established on August 22, 2013 on the basis of GNPF APF JSC. The UAPF founder and shareholder is the Government of the Republic of Kazakhstan represented by the State Institution “Committee of State Property and Privatization” of the Ministry of Finance of the Republic of Kazakhstan. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. From January 1, 2016, the functions for developing proposals to improve the management of pension assets were transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, pension benefits, individual accounting of pension accumulations and benefits, provides the contributor (beneficiary) with information on the status of his pension accumulations (for more information visit www.enpf.kz)

17 апреля 2023
ANNOUNCEMENT

Personal account as the most convenient service for receiving pension services

 The most popular and convenient way today to receive most of the UAPF pension services is through the Personal Account on the enpf.kz website, and the most popular of them is information on the state of pension savings. By the way, this information can also be obtained on the e-government portal, where it is presented in two versions - in expanded form with the attachment of statements on an individual pension saving account (IPSA) (service name "Information on pension accruals of the UAPF") and in a short format without an IPSA statements attached (in the Personal Account / Dossier / Pension Savings, which must be updated after entering the Personal Account).

At the same time, the e-government portal provides a public service on the receipt and movement of the contributor's funds (the name of the service is "Obtaining a statement on pension contributions"), which can also be obtained through applications of second-tier banks. It should be noted that the document provided within the framework of this service is issued without taking into account investment income.

UAPF reminds that the Personal Account on the enpf.kz website provides comprehensive information on contributions received on the IPSA and accrued investment income, with the ability to generate a statement from the IPSA for any period. In addition, you can receive information on the minimum sufficiency threshold and the amount available for withdrawal, a certificate of the availability of a pension account, apply for the assignment of pension benefits for disability groups 1 and 2, established indefinitely, and for voluntary pension contributions. Also, if necessary, here you can make changes to your details, transfer savings to trust management, view the status of your applications, use the pension calculator and much more.

UAPF services in the Personal Account are constantly being improved. So, when submitting an application for the appointment of pension benefits and making changes and (or) additions to the details, the application can be signed not only using an electronic digital signature (EDS), but also using a QR code.

Kazakhstanis highly appreciate the convenience of remote services when receiving pension services, in this regard, the UAPF will continue to work in this direction.

The UAPF was established on August 22, 2013 on the basis of GNPF APF JSC. The UAPF founder and shareholder is the Government of the Republic of Kazakhstan represented by the State Institution “Committee of State Property and Privatization” of the Ministry of Finance of the Republic of Kazakhstan. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. From January 1, 2016, the functions for developing proposals to improve the management of pension assets were transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, pension benefits, individual accounting of pension accumulations and benefits, provides the contributor (beneficiary) with information on the status of his pension accumulations (for more information visit www.enpf.kz)

09 февраля 2023
ANNOUNCEMENT Expanding the availability of services of UAPF JSC through Kazpost JSC

UAPF JSC constantly improves the availability of its services. One of the ways to communicate with our clients is cooperation with Kazpost JSC.

In 2022, the number of divisions of Kazpost JSC connected to the provision of the Fund's services was increased to 376. 27 divisions of the postal operator were added to the previously existing ones. This allows residents of remote settlements, if necessary, to make changes to their personal data, as well as to clarify and choose a more popular and convenient way to inform about the state of pension savings.

Thanks to the joint project of UAPF JSC and Kazpost JSC, from 2019 to 2022, more than 35 thousand services were provided to contributors (beneficiaries). In the divisions of the national postal operator, more than 11,000 contributors opted for the electronic method of informing, more than 23,000 updated their personal details. The greatest demand for UAPF services was observed in Kyzylorda, Mangistau, Zhambyl and East Kazakhstan regions.

Recall that in the subdivisions of Kazpost JSC, contributors (beneficiaries) of the Fund can:

  • submit an application to change (add) the additional details of the contributor (beneficiary) (details of an identity card, telephone number, email and postal addresses);
  • sign an agreement on changing (defining) the method of informing (change it to the methods “through a personal account using an electronic digital signature or user login and password” and “by e-mail”).

The list of subdivisions of Kazpost JSC, where you can get UAPF services for changing additional details and the method of informing, you can find on the enpf.kz website in the "Services" section.

At the same time, we notify that most of the UAPF services can be obtained without leaving home, online through the Personal Account on the enpf.kz corporate website or the БЖЗҚ / ENPF mobile application.

 The UAPF was established on August 22, 2013 on the basis of GNPF APF JSC. The UAPF founder and shareholder is the Government of the Republic of Kazakhstan represented by the State Institution “Committee of State Property and Privatization” of the Ministry of Finance of the Republic of Kazakhstan. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. From January 1, 2016, the functions for developing proposals to improve the management of pension assets were transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, pension benefits, individual accounting of pension accumulations and benefits, provides the contributor (beneficiary) with information on the status of his pension accumulations (for more information visit www.enpf.kz)

 

09 февраля 2023
ANNOUNCEMENT Use of pension savings as of February 1, 2023

For housing

In January 2023, more than KZT7.1 billion of pension savings were transferred from the UAPF to the special accounts of Kazakhstanis opened in banks-authorized operators to improve their living conditions. Thus, 3,061 applications of contributors (beneficiaries) were executed. The average amount of a one-time pension payment amounted to 2.3 million tenge. For comparison, in January 2022, UAPF completed 50,060 applications for improving housing conditions for a total amount of about KZT76.2 billion. Then the average withdrawal amount was about 1.5 million tenge.

In just two years (since January 2021) as of February 1, 2023, UAPF has executed 1,348,461 applications. The amount of early withdrawals is approaching KZT3.2 trillion. At the same time, the average amount seized per one application for the period is about KZT2.4 million.

On the website www.enpf.kz in the “Indicators” section, information is updated every working day on the purposes for which Kazakhstanis used / plan to use lump-sum pension benefits, incl. by regions (subsections "Lump-sum pension benefits for improving housing conditions by purpose" and "Lump-sum pension benefits for improving housing conditions", respectively).

Most often (35.7% of all executed applications or 64.3% of the transferred amounts) is the acquisition of a dwelling in the ownership of civil law transactions (final settlement) and the construction of an individual residential building (if the land is owned). About 21% of applications (8.2% of the transferred amounts) are for replenishment of the deposit in housing construction savings for further accumulation. Approximately the same number (20.87%) of applications - for use by contributors (beneficiaries) of pension savings under the system of housing construction savings. About 13% of the listed lump-sum benefits were directed to this. About 20% of applications (12% of lump-sum benefits) were executed for the purpose of using a mortgage housing loan - from the initial payment to refinancing and full repayment.

Please note that statistics are given for applications executed by UAPF. On the side of authorized operators, the goals of Kazakhstanis may change or the funds may return to the individual pension accounts of contributors (beneficiaries) in the UAPF. KZT462.7 billion was returned to the IPSA from authorized operators due to the fact that lump-sum pension benefits were not used within the time limits established by law, at the request of the applicant and for other reasons. Of these, KZT2.27 billion were returned in January 2023.

For medical treatment

Since January 2021, as of February 1, 2023, UAPF has executed 404,512 applications for medical treatment for a total amount of KZT322.2 billion. The average amount of withdrawals for treatment for the period amounted to about KZT0.8 million. At the same time, in January 2023, 2,537 applications were executed in the amount of KZT3.2 billion. The average amount of withdrawals for treatment in January 2023 amounted to about KZT1.3 million.

At the same time, KZT32.5 billion was returned to the IPSA of contributors (beneficiaries) in the UAPF from the authorized operator (Housing Construction Savings Bank Otbasy Bank JSC). These funds were not used within the time limits established by law, at the request of the applicant and for other reasons.

You can get acquainted with the current statistics on the use of pension savings for medical treatment on the website www.enpf.kz in the section "Indicators" - "Lump-sum pension benefits for medical treatment".

To private management

As of February 1, 2023, the investment portfolio manager (IPM) transferred KZT8.8 billion for the entire period based on 5,933 applications. The total number of unique applicants is 3,405, which means that there are depositors who have decided to transfer part of their savings to several management companies. The average transfer amount is about KZT1.5 million.

At the same time, the total amount of funds under the management of the IPM, taking into account investment income, is about KZT9.5 billion.

As of February 1, 2023, there are five IPMs in the market: Jusan invest JSC, BCC Invest JSC, Centras Securities JSC, Halyk Global Markets JSC, Halyk Finance JSC. You can get acquainted with information about them and study their investment declarations on the website enpf.kz in the section "Services" - "Register of Investment Portfolio Managers".

Detailed statistics on the transfer of pension savings to trust management is also available on the enpf.kz website in the section "Indicators" - "Transfer of pension savings to management companies".

Recall that after the initial transfer of pension assets to the trust management of the IPM, the contributor has the right not more than once a year to submit an application to the UAPF for the transfer of his pension savings to the trust management from one IPM to another IPM. 50 applicants used this right: according to 70 applications, the UAPF made a transfer from one IPM to another for a total amount of KZT176 million.

Recall that after receiving pension assets from the UAPF, the UIP invests them in permitted financial instruments specified in the Rules for the implementation of investment portfolio management activities, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated February 3, 2014 No. 10, and provided for in the Investment Declaration of the UIP.

Under the Law on Pension Provision, IPMs are entitled to charge an investment management fee. The maximum amount of remuneration of the IPM cannot exceed 7.5% of the received investment income. The actual amount of the commission fee is annually approved by the management body of the IPM and may change no more than once a year.

 Up-to-date information on the IPM commission for 2023 is available on the enpf.kz website in the section: “Services” - “Register of Investment Portfolio Managers.

Also, contributors have the right to submit an application to the UAPF for the return of pension savings held in trust management of the IPM to the trust management of the National Bank, but not earlier than two years after the initial transfer of pension savings to the trust management of the IPM. Since the transfer of pension savings began in February 2021, this period has not yet expired. So far, as of February 1, 2023, UAPF statistics record the automatic return of pension savings from the trust management of the UIP to the trust management of the National Bank of the Republic of Kazakhstan in the amount of KZT33 million. The reasons for auto-return are the achievement of retirement age, the death of the contributor, as well as the departure for permanent residence outside the Republic of Kazakhstan.

During the period when pension savings are under the management of the National Bank until the contributor reaches the retirement age, there is a guarantee of the safety of pension savings, taking into account the level of inflation. When transferring pension savings to the trust management of the IPM, the state guarantee is replaced by the guarantee of the management company to ensure the minimum level of profitability of pension assets, which is calculated based on the weighted average return on pension assets transferred to the management of the IPM operating on the market.

 The UAPF was established on August 22, 2013 on the basis of GNPF APF JSC. The UAPF founder and shareholder is the Government of the Republic of Kazakhstan represented by the State Institution “Committee of State Property and Privatization” of the Ministry of Finance of the Republic of Kazakhstan. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. From January 1, 2016, the functions for developing proposals to improve the management of pension assets were transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, pension benefits, individual accounting of pension accumulations and benefits, provides the contributor (beneficiary) with information on the status of his pension accumulations (for more information visit www.enpf.kz)

09 февраля 2023
ANNOUNCEMENT UAPF was one of the first to use a QR code when providing its services

Now, when submitting an application for the appointment of pension payments and making changes and (or) additions to the details, the application can be signed using a QR code.

Recall that applications are submitted to the UAPF for receiving pension benefits due to disability of groups 1 or 2, established indefinitely, as well as benefit payments from voluntary pension contributions. Previously, this could be done at the UAPF offices or in a personal account on the enpf.kz website using an electronic digital signature. Now EDS can be replaced by signing with a QR code. Also, the QR code will help when making changes and (or) additions to your data in the Personal Account on the enpf.kz website.

To do this, you need to go to your Personal Account on the enpf.kz website, where, when choosing these services, the “Sign with QR” button has been added. This signing method is implemented on the basis of integration with eGov mobile, so the user must install this application on his mobile phone and log in to it. After clicking on the "Sign with QR" button, a QR code is generated that contains a link to the Fund's server. This QR code must be scanned using the eGov mobile application, in the upper right corner of which there is an icon for reading QR codes.

After scanning the QR code, a window opens showing the document being signed. Next, by clicking on the "Sign" button, the user needs to complete the signing of the document. As a result, the message “Signing completed successfully” should appear: the details will be changed, and the application for the appointment of a pension benefit can be viewed in the “My applications” section

So far, using a QR code, you can perform two requested operations in the Personal Account on the enpf.kz website. UAPF continues to work on expanding the range of digital services that can be obtained in this way.

 

The UAPF was established on August 22, 2013 on the basis of GNPF APF JSC. The UAPF founder and shareholder is the Government of the Republic of Kazakhstan represented by the State Institution “Committee of State Property and Privatization” of the Ministry of Finance of the Republic of Kazakhstan. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. From January 1, 2016, the functions for developing proposals to improve the management of pension assets were transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, pension benefits, individual accounting of pension accumulations and benefits, provides the contributor (beneficiary) with information on the status of his pension accumulations (for more information visit www.enpf.kz)

16 сентября 2022
I m an individual entrepreneur. Every time I deduct compulsory pension contributions for my employees. I heard that now this procedure can be carried out using the UAPF website. Is it so?

- Yes, it's true. For the convenience of employers, on the UAPF website in the "Personal Account" section, there is a "Legal Entity Account" https://jurcabinet.enpf.kz/auth. This service can be used by individuals with the status of an individual entrepreneur if they have an EDS, as well as the first managers with the right to sign, or persons authorized to sign financial documents, if they have an electronic digital signature for legal entities issued by the National Certification Center of the Republic of Kazakhstan.

Legal Entity Account allows employers to generate, edit and print payment orders for payment of all types of contributions to the UAPF: compulsory pension contributions, compulsory occupational pension contributions and voluntary pension contributions.

Here you can see the list of employees for whom it is necessary to send contributions to the UAPF, with the ability to edit (delete and add employees). In addition, the service allows you to view all data on previously generated payment orders in the payment history.

You can supplement your page with information on the profile of your company, for example, add the address of the organization, contact details (phone number) and e-mail address, apply to the e-Otinish portal and get feedback, as well as see a report on the actions taken and changes made for any period.

Also, users of the service now have the opportunity to go directly from the Legal Entity Account page via a direct link to information and reference databases (links to regulatory legal acts, memos and instructions, application forms), that is, there is no need to leave the Account to search for the necessary information.

I am a disabled person of the second group. I receive disability benefits. I would like to receive more benefits from my savings in the UAPF. What do I need for this?

Persons with disabilities of the first and second groups, established indefinitely, in the presence of pension savings in the UAPF, are entitled to receive pension payments from compulsory pension contributions (CPC) and compulsory occupational pension contributions (COPC) according to the established schedule.

In addition, persons with disabilities, regardless of the group and the period of establishment of disability, can receive pension payments from the UAPF from the savings formed from voluntary pension contributions.

You can apply for the benefit from pension savings either by contacting the UAPF office in person or through an attorney, or by mail. The most convenient way to apply for pension savings is through the enpf.kz website online. To do this, you must have an up-to-date electronic digital signature, which can also be obtained remotely on the egov.kz portal.

The UAPF independently checks whether the beneficiary has a disability by obtaining information from the centralized data bank of the disability registration system through the State Corporation "Government for Citizens" (hereinafter referred to as the Civil Code) under an agreement concluded between the Civil Code and the UAPF, through a web service.

It should be noted that the UAPF organized field services for persons with disabilities of 1-2 groups indefinitely. At the same time, a preliminary consultation is carried out, including a check for the possibility of receiving services remotely, without an on-site visit.

In connection with the death of a person close to me, I would like to ask how I can inherit his pension savings from the UAPF?

In accordance with Articles 31, 32, 33 of the Law of the Republic of Kazakhstan On Pension Provision in the Republic of Kazakhstan, in the event of the death of a person who has pension savings at the expense of compulsory, compulsory occupational and voluntary pension contributions, they are inherited in the manner established by the legislation of the Republic of Kazakhstan.

Inheritance of pension savings is carried out by will or by law. When there is no will or does not determine the fate of the entire inheritance, as well as in other cases established by civil law, inheritance by law takes place.

According to Section 6 (Inheritance Law) of the Civil Code of the Republic of Kazakhstan, in order to acquire an inheritance, the heir must accept it by filing at the place of opening of the inheritance to a notary or authorized in accordance with the law to issue a certificate of the right to inheritance to an official of an application for acceptance of the inheritance or an application for issuing a certificate of right to inheritance. The inheritance may be accepted within six months from the date of the opening of the inheritance, i.e. within six months from the date of death of the testator.

To simplify the procedure, as well as optimize the interaction between the UAPF and notaries on these issues, between the Ministry of Justice of the Republic of Kazakhstan, the Republican Chamber of Notaries, NIT JSC and the UAPF, the Agreement on the interaction of the E-notariat state information system and the UAPF information system (hereinafter referred to as the Agreement) was concluded.

Under the Agreement, notaries through the implemented service can send online requests to the UAPF to obtain information about the balances and cash flows on individual pension saving accounts (hereinafter referred to as IPSA) of deceased persons, without sending written requests.

After receiving from the notary a certificate of the right to inheritance in the form of pension savings available on the IPSA of the deceased person, the heir or their authorized representative must apply with a package of documents to the UAPF. A complete list of documents is available here: https://www.enpf.kz/ru/services/recipient/heir.php

If the list of documents is provided by the heir in full, the UAPF makes benefit payment within 10 working days from the date of receipt or receipt of documents by the UAPF.

It is important to note! The payment of inherited pension savings is carried out exclusively:

  1. on the basis of documents submitted to the UAPF;
  2. UAPF, and not other individuals or legal entities;
  3. to the bank account of the heir himself, including if the recipient of pension benefits is a minor or an incapacitated/limited adult person. Payment of pension savings to the bank account of another person, even a legal representative (guardian/custodian) or attorney, is not allowed.

The heir or his authorized representative, including on the basis of a certificate of the right to inheritance, has the right to receive information from the UAPF on the state of the pension savings of the deceased person in the form of an IPSA statement with a QR code that contains a web link to an electronic version of the IPSA statement, certified by an electronic digital signature of an authorized person of the UAPF. However, the web link for verifying the authenticity of the submitted IPSA statement is available for one (1) month from the date of issuance of the IPSA statement.

I heard that now there is a joint pension annuity. My husband and I would like to pool our retirement savings as I don't have enough funds to convert to an annuity. How can we do it?

A joint annuity is a product that implies the participation in a pension annuity agreement of two insurers (Assured) who are spouses or close relatives in accordance with the Code of the Republic of Kazakhstan On Marriage (Matrimony) and Family.

A joint annuity, unlike a classic pension annuity, will allow you to combine pension savings and redistribute income under a pension annuity agreement.

The purpose of a joint annuity is to ensure the availability of a pension annuity. Close relatives, as well as married couples, can use this product, if one spouse does not have enough pension savings to buy a pension annuity, and the second has a surplus, then through a joint retirement annuity, both spouses will provide themselves with lifetime benefits.

When concluding a joint pension annuity agreement for each spouse, insurance payments are recorded separately and a personal schedule of insurance payments is drawn up.

Spouses will receive monthly insurance benefits for life, including in the event of dissolution of marriage (matrimony) in the amount established by the insurance benefit schedule, the total amount of which cannot be lower than 1.4 times the subsistence minimum (SM) in force on the date of conclusion of the pension annuity contract.

 In the event of the death of one of the spouses, the other spouse will continue to receive their personal insurance benefits according to the schedule in accordance with the joint pension annuity agreement (at least 0.7 SM).

Due to a change of residence, I stopped receiving a statement from my account by mail, what other ways are there to receive information about the state of my pension account?

In order to continue to receive an extract by postal envelopes, you had to report your new address to the UAPF, otherwise the extract sent to you by mail to the old address will be returned to the Fund. In this case, UAPF has the right, according to pension legislation, not to send an extract for the next year, which, apparently, happened in the case of you, but do not despair. You can also get a statement from your individual pension saving account (IPSA) in the following ways:

  • electronically:

- via e-mail to the address provided in the UAPF;

- through a personal account;

  • upon personal application to the UAPF office;
  • through postal services.

In order to determine or change the method of obtaining information, the contributor (beneficiary) must conclude an appropriate agreement directly at the Fund's office or on the UAPF website. It should be noted that:

- on the UAPF website, you can choose only one method - “through your personal account”;

- the contributor (beneficiary), using the EDS, can obtain information on the state of pension savings through the website and mobile application of the UAPF and e-government without concluding an agreement.

The most convenient way, of course, is to receive information through your personal account on the enpf.kz website or in the БЖЗҚ/ENPF mobile application.

We remind you: according to the current pension legislation, contributors (beneficiaries) are required to report to the UAPF about all changes that affect the performance of the Fund's obligations.

These changes include:

- change of the e-mail address, if the notification method “by e-mail (e-mail)” is chosen;

- change of the postal address specified in the agreement on pension provision, if the method of informing about pension savings "by mail" is chosen.

16 сентября 2022
ANNOUNCEMENT

Investment portfolios of pension assets managed by the NBRK and IPMs as of August 1, 2022

 Investment activity in the management of pension assets is transparent. The detailed information on the investment of pension assets by the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers, as well as reviews of investment activity, is posted monthly on the enpf.kz site, in the "Indicators - Investment activity" section. At the moment, the information is updated as of August 1, 2022.

It follows from the presented reports: the total amount of pension assets under management as of August 1, 2022, amounted to about KZT13.7 trillion. At the same time, pension assets of UAPF, which are under the trust management of NBRK, amounted to KZT13,656.00 billion. Pension assets managed by the IPM amounted to KZT9.06 billion.

Investment portfolio of pension assets managed by NBRK

As of August 1, 2022, the main investments of NBRK (as a trustee) in financial instruments within the framework of the directions approved by the Council for the Management of the National Fund of the Republic of Kazakhstan are presented as follows:

˗ the main share in the portfolio of UAPF PA is occupied by the Government Securities of the Ministry of Finance of the Republic of Kazakhstan, the current value of which was KZT6,000.60 billion. Their share in the portfolio was 43.94%. As of August 1, 2022, the weighted average yield to maturity on the GS of the Ministry of Finance of the Republic of Kazakhstan, denominated in tenge, amounted to 11.4% per annum, in US dollars - 3.4% per annum.

˗ bonds of quasi-public organizations of the Republic of Kazakhstan with a current value of KZT1,703.79 billion (the share in the portfolio was 12.48%). The weighted average yield to maturity on bonds of quasi-public organizations of the Republic of Kazakhstan, denominated in tenge, amounted to 10.9% per annum, in US dollars - 5.5% per annum.

- bonds of banks of the second level of the Republic of Kazakhstan in the amount of KZT935.95 billion (6.85%). As of the reporting date, the weighted average yield to maturity on STB RK bonds was 10.4% per annum.

- bonds of international financial organizations amounted to KZT395.46 billion. Their share in the portfolio was 2.90%. The weighted average yield to maturity on bonds of international financial organizations was 9.70% per annum.

- the current value of deposits in foreign banks as of the reporting date amounted to KZT578.45 billion. Their share in the portfolio was 4.24%. There was no repayment of deposits in foreign banks.

- the current value of deposits in the National Bank of the Republic of Kazakhstan as of the reporting date amounted to KZT262.30 billion. Their share in the portfolio was 1.92%. The average weighted return is 13.21% per annum.

- foreign government securities in the liquidity sub-portfolio amounted to KZT257.63 billion. Their share in the portfolio was 1.89%. The weighted average yield to repayment of foreign state securities in the PA ENPF portfolio as of the reporting date was 2.9% per annum.

In addition, the structure of the investment portfolio includes shares and depositary receipts of issuers of the Republic of Kazakhstan KZT260.34 billion (share in the portfolio 1.91%), deposits in STB of the Republic of Kazakhstan - KZT201.87 billion (1.48%), corporate bonds of issuers of the Republic of Kazakhstan - KZT16.14 billion (0.12%), PPN - KZT11.47 billion (0.08%), corporate bonds of foreign issuers - KZT6.13 billion (0.04%), cash in investment accounts - KZT3.27 billion (0.02%).

The investment portfolio in terms of the currencies in which financial instruments purchased from pension assets are denominated is presented as follows:

investments in the national currency – 68.97%, in US dollars – 30.95%, in another currency – 0.07% of the portfolio of pension assets.

As a result of investment activity, as well as due to the volatility of foreign exchange rates and changes in the market value of financial instruments, the amount of accrued investment income since the beginning of 2022 amounted to KZT519.54 billion.

Against the background of the aggravation of the geopolitical situation, increased volatility in global financial markets, acceleration of inflation, as well as growth in the yield on bonds of developed and developing countries, the yield on UAPF pension assets distributed to the accounts of contributors (beneficiaries) from the beginning of 2022 amounted to 3.71%.

At the same time, as of August 1, 2022, the return on pension assets for the last 12 months (from August 2021 to July 31, 2022) for UAPF contributors (beneficiaries) was 8.24%.

The accumulated yield for the period from April 2014, when the consolidation of pension assets was completed, to the end of July 2022 amounted to 110.19%. For 8 years from 2014 to 2021, the annualized return on pension assets of the Unified Accumulative Pension Fund is 9.68% per annum.

It is worth emphasizing that pension savings are long-term investments and it is advisable to analyze the amount of investment income for a period of at least 1 (one) year. Short-term data (weekly, monthly, etc.) are not considered indicative, because depend on constant changes in the market situation.

The detailed structure of the investment portfolio of financial instruments under the management of the NBRK with the indication of issuers and an overview of investment activity are available on the UAPF official website.

Let us remind you that in Kazakhstan there is a model of the state guarantee of the security of accumulated pensions. In accordance with Article 5 of the Law of the Republic of Kazakhstan On pension provision in the Republic of Kazakhstan, the state guarantees to recipients the security of compulsory pension contributions and compulsory occupational pension contributions to the UAPF in the amount of actually paid contributions, taking into account the level of inflation at the time of obtaining the right to pension benefits.

 Investment Portfolio Managers

The total volume of funds under the management of the IPM amounts to KZT9.06 billion.

Pension assets in the trust management of Jusan Invest JSC amounted to KZT4.05 billion. The following were purchased: Exchange Traded Funds (ETF) shares, they make up 31.68%, cash in investment accounts (26.38%), GS of the Ministry of Finance of the Republic of Kazakhstan (17.30%), NBRK notes (15.01% of the portfolio), REPOs (9.64% of the portfolio). Note that 63.14% of the portfolio is represented in tenge, 36.86% in US dollars.

As a result of investment activity, the yield of pension assets under the management of Jusan Invest JSC since the beginning of the year amounted to 1.26%.

The detailed structure of the investment portfolio of financial instruments under the management of Jusan Invest JSC with the indication of issuers is presented on the UAPF website

As of August 1, 2022, pension assets under the trust management of Halyk Global Markets JSC amounted to KZT2.56 billion. In the structure of the portfolio, reverse repo (not more than 90 calendar days) is 52.50%, equity instruments of foreign issuers (ETF) 15.13%, bonds of quasi-public organizations of the Republic of Kazakhstan 10.82%, shares and depositary receipts of foreign issuers 6.02%, bonds of second-tier banks of the Republic of Kazakhstan 5.64%, IFOs 4.69%, corporate bonds of organizations of the Republic of Kazakhstan 4.43%, cash in accounts 0.75%, other assets 0.02%. Investments in national currency made up 78.74% of the portfolio, in US dollars - 21.26%. Return on pension assets managed by Halyk Global Markets JSC from January 1, 2022. to August 01, 2022 amounted to (-0.16%).

The detailed structure of the investment portfolio of financial instruments under the management of Halyk Global Markets JSC with the indication of issuers is presented on the UAPF website.

As of August 1 of the current year, pension assets in the trust management of BCC Invest JSC amounted to KZT1.49 billion. They are distributed in GS of the Republic of Kazakhstan 40.34%, shares (ETFs on indices) 21.05%, bonds of quasi-public organizations of the Republic of Kazakhstan 10.46%, shares and depository receipts of foreign issuers 8.91%, bonds of MFIs 6.09%, bonds of STB of the Republic of Kazakhstan 5.31%, corporate bonds of issuers-residents of the Republic of Kazakhstan 5.09%, funds in investment accounts 2.68%, other assets (receivables, overdue debts, provisions) 0.07%. 69.77% of the portfolio is invested in national currency instruments, 30.23% in US dollars.

As a result of investment activity, the yield on pension assets under the management of BCC Invest JSC since the beginning of this year amounted to 0.50%.

The detailed structure of the investment portfolio of financial instruments under the management of BCC Invest JSC with the indication of issuers is presented on the UAPF website.

As of August 1, 2022, the pension assets of the UAPF, which are under the trust management of Centras Securities JSC, amounted to KZT0.95 billion. They are invested in the GS of the MF of the Republic of Kazakhstan 54.21%, cash in investment accounts 18.74%, repos 15.98%, shares and depository receipts of issuers of the Republic of Kazakhstan 9.22%, equity instruments of foreign issuers (ETF Units) 1.86%. 82.41% of the portfolio is invested in national currency instruments, 17.59% in US dollars.

As a result of investment activity, the yield of pension assets managed by Centras Securities JSC since the beginning of 2022 was 0.34%.

The detailed structure of the investment portfolio of financial instruments managed by Centras Securities JSC with the indication of issuers is presented on the ENPF website.

We would like to remind you that after receiving pension assets from UAPF, the IPM invests them in authorized financial instruments specified in the Rules for the Implementation of Activities on Investment Portfolio Management, approved by Resolution No. 10 of the Board of the National Bank of the Republic of Kazakhstan dated February 3, 2014, and provided for in the Investment Declaration of the IPM.

When transferring pensions accumulated in the IPM management, the state's guarantee is replaced by the guarantee of the management company to ensure the minimum level of return of pension assets. The minimum level of return is calculated based on the weighted average return of pension assets transferred to the management of the IPM operating in the market.

The UAPF was established on August 22, 2013 on the basis of GNPF APF JSC. The UAPF founder and shareholder is the Government of the Republic of Kazakhstan represented by the State Institution “Committee of State Property and Privatization” of the Ministry of Finance of the Republic of Kazakhstan. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. From January 1, 2016, the functions for developing proposals to improve the management of pension assets were transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, pension benefits, individual accounting of pension accumulations and benefits, provides the contributor (beneficiary) with information on the status of his pension accumulations (for more information visit www.enpf.kz)

 

07 июня 2022
President Kassym-Jomart Tokayev’s Address to the people of Kazakhstan

Dear compatriots!

Yesterday a significant historical event took place in our country. Our country has entered a new stage of development. The overwhelming majority of citizens supported the proposed amendments to the Constitution. The referendum was held at a high level. This is confirmed by international and domestic observers. The constitutional reform was discussed with interest in the society. The voting was held in full accordance with the democratic requirements. There was no coercion. The result of the referendum has become a clear symbol of political renewal. Our citizens showed great responsibility and patriotism. We have demonstrated that we are united in building a new and fair Kazakhstan. The constitutional amendments will cardinally transform the foundations of our statehood and give new impetus to the development of our society. I am grateful to all our people for their support and active participation in the referendum. I would also like to thank the citizens and numerous public organizations that participated in explaining the amendments to the Constitution.

* * *

The referendum was an important milestone in the history of our country, showing the solidarity and readiness of the nation for real change. The high turnout was a testament to the maturity and responsibility of our society. I thank all those who came to the polls and supported the changes that have been initiated in the country. Demonstrating true patriotism, you have made a significant contribution to the ongoing development of Kazakhstan. I am grateful to all my fellow citizens who exercised their legal right and expressed their position at this moment of crucial importance for the country. The amendments to the Constitution are not the final stage, but only the beginning of our reforms. We will continue the comprehensive modernisation of the country.

Based on the updated Constitution, we will form a more effective model for the functioning of all government institutions and strengthen the mechanisms of checks and balances between them. Consistent political transformations will contribute to the development of the national economy and strengthen national entrepreneurship. Now we have to form transparent and fair rules of the game in the economy, to reform legislation. It is important to eradicate all artificial monopolies and put up a solid barrier to corruption. 

We must support the initiatives of entrepreneurs, fully protect private property and increase competition. We have a lot of work ahead to really diversify the economy. We must take measures to develop high-yield agriculture and a powerful transport and logistics system, and we must create a digital ecosystem everywhere. 

Labour, knowledge, and civic engagement should become the main drivers of our country's sustainable development. Only in this way can we create a self-sufficient middle class and an efficient economy. This economy will be aimed at a fair distribution of income, the creation of quality jobs, a steady rise in living standards, and the full self-realisation of all citizens.

We will continue systematic work to completely modernise and de-bureaucratise the state apparatus. We must build an advanced state that meets the expectations and demands of the whole society. The effectiveness of the governance system will be determined by the results achieved. Close cooperation with business, non-governmental organisations, and citizens must become a priority in the work of the state apparatus. This will make it possible to make decisions in the interests of the country and raise the quality of services provided to the population. The work of public servants should become as open and truly accountable to citizens as possible. Public service is a special responsibility to its people, not a place for personal enrichment.

The constitutional reform opens up opportunities to modernise the entire legal sphere. On the basis of the adopted amendments to the Constitution, the Parliament and the Government will have to make appropriate changes in the legislation. It is necessary to develop reforms in Kazakhstan aimed at building effective legal and judicial systems, taking into account international experience. We see growing demand on the part of society and businesses to protect their rights and legitimate interests. Kazakhstan needs a legal system that provides maximum protection of rights and interests of citizens and entrepreneurs. The legislation should not contain norms that impede the stable development of the country. All dubious and not meeting modern requirements norms should be abolished.

We need to review the legislation that has contributed to the concentration of the country's economic resources in the hands of a small group of individuals and provided them with excessive preferences. In accordance with my decree, an interdepartmental commission on the return of funds illegally withdrawn from the country and the return of illegally privatized assets to state ownership has been established. We will continue our policy of comprehensively strengthening the system of protecting human rights and freedoms. 

As part of the legal reform, the Constitutional Court will be re-established. It is necessary to introduce a mechanism for prompt response to its rulings so that citizens feel the benefits of this very important institution. In the New and Fair Kazakhstan, there is no place for police brutality, incompetent prosecutors and biased judges. Society is waiting for real change from the law enforcement and judicial systems. Concrete solutions on these and other issues of development of the country will be presented in my speech at the opening of the next session of Parliament in September this year.

Our main task is to strengthen our sacred Independence, the unity of the country and social harmony. Reforms are carried out not for the sake of slogans and fine words, but in order to build a New and Fair Kazakhstan. As the saying goes, measure twice and cut once. Our ancestors made the most important decisions in the world. Continuing this glorious tradition, I announced the creation of the National Kurultai. It will be comprised of representatives from all walks of life,  active and respected citizens. The first meeting of the Kurultai will take place in Ulytau, the cradle of our nation. 

Thus, citizens will have more opportunities to take a direct part in the work of the State. Indeed, the fate of our homeland is in the hands of each one of us. We must radically transform the system of social and personal values. Only in this way will we be able to make radical transformations in all spheres. 

The greatest wealth of New Kazakhstan is its people, and our main goal is to create the conditions for a happy life of the people. Each citizen should experience the fruits of political change and economic growth. 

Empty promises and empty words do not lead to anything. The most important for me is concrete work and real change. I will do my utmost to achieve this goal. The results of the referendum open a whole new chapter in the history of our statehood. By making their choice, our people have shown the will to create and the desire for radical change. We still have much to do to develop the country. I am absolutely convinced that together we will certainly achieve our goals.

Today a new era has begun in the history of independent Kazakhstan. May our unity strengthen on this path!

Together we will build a New Kazakhstan!

Together we will make every effort for the prosperity of the New Kazakhstan!

Transport infrastructure
04 апреля 2022
The highway has been temporarily restored

On April 1, 2022, at 17 o'clock (Nur-Sultan time), due to the intensive flow of meltwater on the highway of republican significance A-27 "Aktobe-Atyrau-border of the Russian Federation (to Astrakhan)" at 283 km in the village of Zharly, there was a washout of the culvert along the main road.

The recurrence of erosion occurred due to the influx of meltwater in large quantities.

This section has been temporarily restored, and traffic restrictions for all types of vehicles have also been lifted today from 01:30 by the time of Nur-Sultan.

The flood situation is under special control of the Aktobe regional branch of JSC NC KazAvtoZhol.

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