Having decided to transfer savings to one or more Investment Portfolio Managers (IPM), the contributor must contact the UAPF with an application,
which can be submitted through a personal account on the Fund’s website www.enpf.kz or by personally contacting any branch. All necessary information and step-by-step instructions are posted on the website in the services section - TRANSFER OF PART OF PENSION SAVINGS TO TRUST MANAGEMENT, as well as on the Youtube channel in our video instructions.
With the entry into force of the Social Code on July 1, 2023, when transferring pension savings into trust management of companies managing an
investment portfolio, the minimum adequacy threshold is not taken into account.
Contributors can transfer up to 50% of savings formed through compulsory pension and compulsory occupational pension contributions. If there are voluntary
pension savings, they can be transferred in full. There are currently five portfolio managers in the market. Their full list can
be found on the website www.enpf.kz. These are companies that meet the requirements of the regulator - the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market. These companies also entered into a trust management agreement with the UAPF and an agreement with the custodian bank. When choosing a management company, we advise you to carefully study its history, as well as its investment declaration, reviews of investment activities, experience and investment results.
The state guarantee of the safety of pension savings is provided only for savings managed by the National Bank of the Republic of Kazakhstan. When pension savings are transferred under the management of IPM, the state guarantee is replaced by a guarantee from the management company. It must provide a return not lower than the minimum level of return on assets. This level is calculated based on the weighted average return on pension assets transferred to the management of all IPMs operating in the pension asset management market.