As of April 1, 2022, since January 2021, the UAPF has executed 1,317,739 applications of depositors (recipients) for the use of pension savings to improve housing conditions. More than 3.1 trillion tenge has been transferred to special accounts of Kazakhstanis opened in authorized operator banks by the UAPF. The average amount of one-time pension payments amounted to about 2.4 million tenge.
Most of the executed applications were sent by residents of Almaty (17.75%), Nursultan (13.53%), Mangystau region (10.41%). On the website www.enpf .kz the "Indicators" section contains detailed information - for what purposes Kazakhstanis plan to use lump-sum pension payments and by region (subsections "Lump-sum pension payments for improving housing conditions by goals" and "Lump-sum pension payments for improving housing conditions", respectively).
To date, authorized operators accepting applications for the use of part of pension savings are JSC Housing Construction Savings Bank Otbasy Bank, JSC Halyk Bank of Kazakhstan, JSC Altyn Bank, JSC Bank CenterCredit and JSC Bank Freedom Finance Kazakhstan. A significant part of the executed applications were submitted through JSC "Housing Construction Savings Bank "Otbasy Bank" (95.30% of the total number of executed applications), followed by JSC "Halyk Bank of Kazakhstan" (3.23%), JSC "Bank CenterCredit" (1.39%), JSC "Altyn Bank" (0.05%) and JSC "Bank Freedom Finance Kazakhstan" (0.03%).
The largest part of applications is aimed at the purchase of housing (final settlement), the construction of an individual residential building (if there is a land plot in the property) - 469,628 applications were executed for the amount of about 2.0 trillion tenge (64.4% of the total amount).
276,303 applications for the total amount of 402.2 billion tenge (13%) were executed for obtaining a mortgage housing loan under the housing construction savings system (excluding construction), its full and partial repayment and refinancing, as well as for the construction of an individual residential house (including the purchase of a land plot) under the housing construction savings system.
261,128 applications in the amount of 378.6 billion tenge (12%) were executed for making an initial payment for obtaining a mortgage housing loan for the purchase of housing (including within the framework of financing by an Islamic bank), full and partial repayment of mortgage housing loan debt and its refinancing.
274,506 applications in the amount of 249.2 billion tenge (8%) were executed to replenish the contribution to housing construction savings for further accumulation.
75.2 billion (or 2.4%) was transferred to other purposes, including full and partial payment under long-term lease agreements for housing with the right of redemption, privatization, purchase and sale with installment payments, as well as the acquisition of a land plot in the ownership of civil law transactions with the intended purpose – individual housing construction or personal subsidiary farm (final settlement).
We emphasize that after receiving a lump-sum pension payment to a special account opened with an authorized operator (JSC Housing Construction Savings Bank Otbasy Bank), the recipient provides the authorized operator with documents confirming the purpose of lump-sum pension payments within 20 working days from the date of their receipt (according to paragraph 13 of the Rules for Using Lump-sum Pension Payments to improve housing conditions in accordance with the legislation of the Republic of Kazakhstan). An exception is the replenishment of the contribution to housing construction savings for further accumulation for the purpose of purchasing a home or the construction of an individual residential building (including the acquisition of a land plot with a purpose – individual housing construction. In this case, the recipient provides the bank with documents confirming the purpose of one-time pension payments within 3 years from the date of their receipt. For other authorized operators (second-tier banks), applications for a lump-sum pension payment and the recipient's documents for the purposes are considered in accordance with the procedure and deadlines established by the bank's internal documents. At the same time, the bank transfers lump-sum pension payments for their intended purpose within 10 working days from the date of crediting the amounts of lump-sum pension payments to the special accounts of the applicant (recipient). In case of failure to provide the authorized operator with supporting documents within the prescribed period, these funds are subject to return to the UAPF.
The recipient can also return the transferred amount to the UAPF without waiting for the specified period by submitting an appropriate application to the authorized operator, which the authorized operator must execute within 3 (three) working days from the date of receipt of the application for a refund from the recipient.
It should be noted that 422.1 billion tenge was returned to the individual pension accounts (IPS) of depositors (recipients) from authorized operators due to the fact that lump-sum pension payments by Kazakhstanis were not used in due time, at the request of the applicant and for other reasons.
The UAPF also executed 380,996 applications for treatment totaling 293.5 billion tenge. At the same time, the average withdrawal amount is about 0.8 million tenge. At the same time, 26.9 billion tenge was returned to the IPS of depositors (recipients) to the UAPF from the authorized operator (JSC "Housing Construction Savings Bank "Otbasy Bank"), these funds were not used in due time, at the request of the applicant and for other reasons.
A significant part of the completed applications for treatment were directed to dental services - 365,751 applications (96.0% of the total number of applications for treatment) in the amount of 284.5 billion tenge, followed by ophthalmological services - 10,844 applications in the amount of 5.1 billion tenge and treatment of orphan diseases - 1,251 applications in the amount of 1.1 billion tenge.
You can get acquainted with the current statistics on the use of pension savings for treatment on the website www.enpf .kz in the "Indicators" section - "Lump-sum pension payments for treatment".
As of April 1 of this year, the Investment Portfolio Manager (IPM) transferred 7.9 billion tenge, the UAPF executed 4,975 applications. The average transfer amount is about 1.6 million tenge. Detailed statistics on the transfer of pension savings to trust management are also available on the enpf website.kz in the "Indicators" section - "Transfer of pension savings to management companies".
At the moment, the UAPF has concluded agreements on the trust management of pension assets with four UIPS. You can get acquainted with the information about them and study their investment declarations on the enpf website.kz in the "Services" section - "Register of investment portfolio managers". It should be noted that out of 7.9 billion tenge - 45.59% or 3.6 billion tenge was transferred to JSC "Jusan Invest", 28.05% or 2.2 billion tenge to JSC "Halyk Global Markets", 15.90% or 1.3 billion tenge to JSC "BCC Invest", 10.46% or 0.8 billion tenge to JSC "Centras Securities".
Recall that after receiving pension assets from the UAPF, the UIP invests them in authorized financial instruments specified in the Rules for the Implementation of Investment Portfolio Management Activities 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 UIP.
According to the Law on Pension Provision, UIPS have the right to charge a commission for investment management. The maximum value of the remuneration of the UIP may not exceed 7.5% of the investment income received. The actual amount of the commission fee is approved annually by the management body of the UIP and may change no more than once a year.
During the period when pension savings are under the management of the National Bank until the depositor reaches retirement age, a guarantee of the safety of pension savings, taking into account the level of inflation, is in effect. When transferring pension savings to the management of the UIP, the guarantee of the state 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 yield of pension assets transferred to the management of the UIP operating in the market.