As of August 11, 2021, the UAPF has executed 386,375 applications of depositors (recipients) for the use of pension savings to improve housing conditions. The UAPF transferred 1.7 trillion tenge to special accounts of Kazakhstanis opened in authorized banks. The average amount of one-time pension payments amounted to 4.4 million tenge.
Most of the executed applications were sent by residents of Almaty (16.7%), Mangistau region (14.8%), Nur-Sultan (12.9%). 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, the 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 "(95.3% of the total number of executed applications), followed by JSC "Halyk Bank of Kazakhstan" (3.8%), JSC "Bank CenterCredit" (0.9%), JSC "Altyn Bank" (0.03%) and JSC "Bank Freedom Finance Kazakhstan" (0.01%).
The most popular sub-goal for one-time payments for housing is the purchase of housing in 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 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 mortgage debt under the housing construction savings system - 45,213 applications or 11.7% of the total number of fulfilled applications.
We remind you that after receiving a one-time 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 one-time pension payments within 45 working days from the date of their receipt (according to paragraph 13 of the Rules for using one-time 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) working 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 (IPS) of depositors (recipients) from authorized operators due to the fact that one-time pension payments by Kazakhstanis were not used within the established time, according to the applicant's application and other reasons.
The 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 (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. 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 - "One-time 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 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 4.8 billion tenge - 43.89% or 2.1 billion tenge was transferred to JSC "Jusan Invest", 27.76% or 1.3 billion tenge to JSC "Halyk Global Markets", 18.65% or 0.9 billion tenge to JSC "BCC Invest", 9.70% or 0.5 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 amount of the UIP remuneration may not exceed 7.5% of the received investment income. The actual amount of the commission fee is approved annually by the management body of the UIP and can 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 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 the 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.