I want to transfer part of my pension savings to the management of financial companies. Where can I call?
Depositors can transfer their pension savings to trust management to management companies that have a license to manage the investment portfolio and meet the following additional requirements established by the agency for regulation and development of the financial market of the Republic of Kazakhstan:
have sufficient customer asset management experience;
presence of positive results of financial and economic activities based on the results of the last two years;
sufficient equity, including the availability of capital for possible repayment by the management company to depositors with insufficient return on pension assets;
lack of data on manipulation of securities transactions;
presence of a major shareholder in the structure of the owners of the management company;
Other requirements established by the NPA.
The agency will form a register of private management companies that are authorized to manage pension assets on a monthly basis.
The choice of a management company will be made directly by the uapf Depositor himself from the list of companies included in this register.
In order to transfer pension savings to a private management company in trust management, the Depositor must contact the UAPF in person or through the UAPF internet resource with a corresponding application and an identity document (when applying in person).
Pension savings to be transferred to private management are transferred to the uapf's account with the custodian bank for crediting and storage, and a three-way custody agreement is concluded between this bank and the private management company and the UAPF.
In case of dissatisfaction with the results of the activities of the selected management company, depositors retain the right to transfer their savings to another management company or return them to the management of the NBRK.
After reaching retirement age, pension savings, taking into account the investment income of citizens, will be returned to the management of the NBRK (if they were in the trust management of the management company before this period) and will be used for the implementation of pension payments according to the schedule, the conclusion of a pension annuity agreement or other purposes provided for by law.