INFORMATIONAL MESSAGE
In the long term, a positive
the real profitability of pension savings.
The amount of pension savings of depositors of the Unified Accumulative Pension Fund as of January 1, 2023 amounted to about 14.7 trillion tenge.
At the end of the year, the investment income earned by the National Bank of the Republic of Kazakhstan and investment portfolio managers amounted to about 914.4 billion tenge. By the end of 2022, the profitability of the pension assets of the UAPF, which are in the trust management of the National Bank, amounted to 6.55%.
Against the background of the fact that in 2022 many international institutional investors, including pension funds, received negative asset management results and suffered significant losses as a result of the negative macroeconomic situation in the world, the National Bank of Kazakhstan showed a positive return on pension assets in nominal terms.
As has been repeatedly noted, pension assets are characterized by a long investment horizon and, accordingly, one of the main goals of their investment is the preservation of pension savings and obtaining real profitability in the long term. Therefore, it is advisable to consider the indicators of profitability and inflation over a long time horizon.
In the long term, a positive real (exceeding accumulated inflation) return on pension savings is ensured. The investment yield since the foundation of the accumulative pension system (1998) on January 1, 2023, with an increasing total, amounted to 732.29% with inflation for the entire period of 678.06%.
The income earned by the National Bank of the Republic of Kazakhstan since 2014, the period of completion of consolidation of all pension assets in the UAPF, exceeded 6.9 trillion tenge.
Recall that in the Republic of Kazakhstan there is a unique guarantee of the safety of mandatory types of pension contributions, taking into account the level of inflation. Even if a decrease in profitability in a separate period affects the accumulated profitability of the depositor upon the onset of the right to payments, the difference will be compensated by the state.
The entire system of investment management and accounting of pension assets is transparent: each depositor has the opportunity to see his investment income in his personal account on the enpf website.kz or in the mobile app.
Information on the investment management of the pension assets of the UAPF and on the financial instruments in which the pension assets of the UAPF are placed is published on the official website of the UAPF (www.enpf.kz ) in the section "Indicators/Investment activity".
There is a lot of interesting and useful information, including interviews with experts of the accumulative pension system about investing pension assets, on the YouTube channel BZHZKENPF.
UAPF was established on August 22, 2013 on the basis of JSC "NPF "GNPF". The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Property and Privatization Committee of the Ministry of Finance of the Republic of Kazakhstan. The trust management of pension assets of the UAPF is carried out by the National Bank of the Republic of Kazakhstan. Since January 1, 2016, the functions of developing proposals to improve the efficiency of pension assets management have been transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts mandatory pension contributions, mandatory occupational pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, provides the depositor (recipient) with information on the status of his pension savings (more on www.enpf.kz ).