INFORMATION NOTICE
Most often, investors intend to use lump-sum pension payments for the full purchase of housing
As of August 11, 2021, UAPF completed 386,375 applications from contributors (beneficiaries) to use pension savings to improve housing conditions. UAPF transferred 1.7 trillion tenge to special accounts of Kazakhstanis opened in banks-authorized operators. The average amount of lump-sum pension payments amounted to 4.4 million tenge.
Most of the executed applications were sent by residents of Almaty (16.7%), Mangystau region (14.8%), Nur-Sultan (12.9%). Detailed information is available on the website www.enpf.kz in the “Indicators” section - for what purposes do Kazakhstanis plan to use lump-sum pension payments and by regions (subsections “Lump-sum pension payments for improving housing conditions by goals” and “Lump-sum pension payments for improving housing conditions”, respectively).
To date, the authorized operators accepting applications for the use of a part of pension savings are Housing Construction Savings Bank Otbasy Bank JSC, Halyk Bank of Kazakhstan JSC, Altyn Bank JSC, Bank CenterCredit JSC and Freedom Finance Bank JSC Kazakhstan". A significant part of the executed applications was submitted through the Housing Construction Savings Bank Otbasy Bank JSC (95.3% of the total number of executed applications), followed by Halyk Bank of Kazakhstan JSC (3.8%), Bank CenterCredit JSC (0.9%), Altyn Bank JSC (0.03%) and Bank Freedom Finance Kazakhstan JSC (0.01%).
The most popular subgoal for lump-sum payments for housing is the acquisition of housing in the property under civil law transactions (full settlement). They make up more than half of the executed applications (51.2% or 197,978 applications). The second line is occupied by partial repayment of debt on a mortgage housing loan (including within the framework of financing by an Islamic bank) - 54,804 applications or 14.2% of the total number of executed applications. The third most popular sub-goal is the partial repayment of debt on a mortgage loan under the housing construction savings system - 45,213 applications or 11.7% of the total number of executed applications.
We remind you that after receipt of a lump sum pension payment to a special account opened with an authorized operator (Housing Construction Savings Bank Otbasy Bank JSC), the recipient provides the authorized operator with documents confirming the intended purpose of lump sum pension payments within 45 working days from the date of their receipt ( in accordance with paragraph 13 of the Rules for the use of lump-sum pension payments to improve housing conditions in accordance with the legislation of the Republic of Kazakhstan). 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. In addition, when using pension savings, citizens have the right to change the purpose specified in the application during the registration of real estate through authorized operators.
The depositor can also return the transferred amount to the UAPF without waiting for the specified period by submitting a corresponding application to the Housing Construction Savings Bank Otbasy Bank JSC, which the bank must execute within 3 (three) business days from the date of receipt of the application for a refund from the recipient.
It should be noted that about 210.3 billion tenge was returned to the individual pension accounts (IPA) of contributors (beneficiaries) from authorized operators due to the fact that lump-sum pension payments by Kazakhstanis were not used within the established time frame, according to the applicant's application and for other reasons.
UAPF also executed 29,487 applications for treatment for a total amount of 27.5 billion tenge. At the same time, the average withdrawal amount is 0.9 million tenge. At the same time, 4.4 billion tenge was returned to the IPS of depositors (beneficiaries) in the UAPF from the authorized operator (Housing Construction Savings Bank Otbasy Bank JSC), these funds were not used within the established time limits, according to the applicant's application and other reasons. You can get acquainted with the current statistics on the use of pension savings for treatment on the website www.enpf.kz in the section "Indicators" - "Lump-sum pension payments for treatment".
As of August 11 of this year, the investment portfolio manager (IPM) transferred 4.8 billion tenge, the UAPF executed 2,395 applications. The average transfer amount is 2.0 million tenge. Detailed statistics on the transfer of pension savings to trust management is also available on the website enpf.kz in the section "Indicators" - "Transfer of pension savings to management companies".
At the moment, UAPF has concluded agreements on trust management of pension assets with four IPMs. You can get acquainted with information about them and study their investment declarations on the website enpf.kz in the section "Services" - "Register of Investment Portfolio Managers". Note that from 4.8 billion tenge - 43.89% or 2.1 billion tenge was transferred to Jusan Invest JSC, 27.76% or 1.3 billion tenge to Halyk Global Markets JSC, 18.65% or 0.9 billion tenge in BCC Invest JSC, 9.70% or 0.5 billion tenge in Centras Securities JSC.
Recall that after receiving pension assets from the UAPF, the IPM invests them in permitted financial instruments specified in the Rules for the implementation of investment portfolio management activities, approved by the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated February 3, 2014 No. 10, and provided for in the Investment Declaration of the UIP.
Under the Pensions Law, IPMs are entitled to charge an investment management fee. The maximum amount of remuneration of the IPM cannot exceed 7.5% of the received investment income. The actual amount of the commission is annually approved by the governing body of the PISIPM
During the period when pension savings are under the management of the National Bank until the depositor reaches retirement age, there is a guarantee of the safety of pension savings, taking into account the level of inflation. When transferring pension savings to the management of the IPM, the guarantee of the state is replaced by the guarantee of the management company to ensure the minimum level of profitability of pension assets. The minimum level of return is calculated on the basis of the weighted average return on pension assets transferred to the management of a IPM operating on the market.
UAPF was established on August 22, 2013 on the basis of SAPF APF JSC. The founder and shareholder of UAPF is the Government of the Republic of Kazakhstan represented by the State Institution "Committee of State Property and Privatization" of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets 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 professional pension contributions, voluntary pension contributions, pension payments, individual accounting of pension savings and payments, provides the contributor (recipient) with information on the state of his pension savings (for more details, visit www.enpf.kz)