Net investment income accrued to individual pension accounts of UAPF depositors for the first month of this year amounted to more than 109.6 billion tenge. This figure is 45.7 billion tenge or 72% higher than in the same period last year.
As of February 1, 2024, the return on pension assets of the UAPF over the past 12 months, distributed to the accounts of depositors (recipients), amounted to 10.3% with inflation of 9.5%.
Investment income consists of income in the form of remuneration on securities (deposits and other transactions), market and currency revaluation of financial instruments, income on assets under external management, etc. In order to obtain investment income, the NBK and investment portfolio managers place pension assets in reliable financial instruments of different sectors of the economy in various currencies in Kazakhstan and abroad on a long-term basis. Diversification (a variety of investment instruments and markets) of the investment portfolio ensures the safety and stable profitability of pension savings.
The investment income since the foundation of the most accumulative pension system in 1998 amounted to about 9.5 trillion tenge on February 1, 2024. The accumulated investment yield for the entire specified period with an increasing total amounted to 822.03% with inflation for the entire period of 761.15%. Thus, the accumulated investment income in the long term exceeds inflation.
Recall that Kazakhstan has a unique guarantee of the safety of mandatory pension contributions, taking into account the level of inflation. Even with a decrease in profitability in a separate period, which affected the accumulated profitability of the depositor upon the onset of the right to payments, compensation for the difference is guaranteed 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 on investing pension assets, on the YouTube channel of the BZHZK EPF.
The 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 asset 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 (for more information on www.enpf.kz )