Hello! Sometimes, I see how various people write in the comments on social networks that the money in the UAPF is "dead weight" and is not invested anywhere, is this information correct? And what is your current profitability?
Pension savings of UAPF depositors are continuously invested and work for the depositor. Only in the first half of the year from January 1 to July 1, 2021, net investment income in the amount of 753.3 billion tenge was accrued to the accounts of UAPF depositors, which is almost 210 billion tenge or 39% more than in the first half of last year. The yield on the pension assets of the UAPF under the management of the National Bank of the Republic of Kazakhstan since the beginning of the year was 6.1%, with inflation of 4.6%. At the same time, the yield for the last 12 months was 12.1%, while inflation for the same period was 7.9%.
The amount of depositors ' pension savings is recalculated and revalued weekly in accordance with the results of investing pension assets. Investment income includes income in the form of remuneration on securities (deposits and other transactions), income in the form of market revaluation of financial instruments, income in the form of currency revaluation, income on assets under external management, etc.
Detailed information on the investment of pension assets by the National Bank of the Republic of Kazakhstan (NBRK), investment portfolio managers (UIP), as well as investment activity reviews as of July 1, 2021 are available on the enpf website.kz in the section "Indicators-Investment activity".
In general, the investment income provided by the National Bank since the merger of all pension assets into the UAPF amounted to more than 5.4 trillion tenge. As of July 1, 2021, the share of net investment income in the total amount of pension savings is 36.3%.
It should be noted that in addition to the National Bank, UAPF depositors can transfer part of their savings to investment portfolio management companies (UIP). At the moment, the UAPF has concluded an agreement 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".
Recall that after receiving pension assets from the UAPF, the UIP invests them in authorized financial instruments specified in the Rules for Managing the Investment Portfolio, 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.
In addition, 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 valid. When transferring pension savings to the management of the UIP, the state guarantee is replaced by the guarantee of the management company to ensure a minimum level of profitability of pension assets. The minimum level of profitability is calculated based on the weighted average yield of pension assets transferred to the management of a UIP operating on the market.