
Over the past 12 months, as of September 1, 2025, Kazakhstani residents' accrued investment income reached 2.74 trillion tenge. The return on UAPF pension assets from mandatory pension contributions (MPCs), mandatory professional pension contributions (MPPCs), and voluntary pension contributions (VPCs) amounted to 12.60%, with inflation at 12.20%. The return on the voluntary pension contribution (OPPC) over the past 12 months, as of September 1, 2025, was 7.64%.
Meanwhile, Kazakhstani residents' net investment income for the first eight months of this year amounted to 1,270.99 billion tenge. Of this, 1,265.72 billion tenge came from income from investing pension savings through mandatory pension contributions (MPCs), mandatory occupational pension contributions (MOPCs), and voluntary pension contributions (VPCs) credited to individual pension accounts (IPAs) of contributors and recipients. Net investment income from investing pension savings through mandatory employer pension contributions (MEPCs) credited to notional pension accounts (NPAs) of Kazakhstani citizens amounted to 5.26 billion tenge.
The accumulated investment return exceeds inflation over the long term. Since the inception of the funded pension system in 1998, as of September 1, 2025, the cumulative accumulated return was 979.95%, with inflation for the entire period at 827.78%.
As a reminder, investment income is generated from interest on financial instruments (securities, deposits, and other transactions), assets under external management, and the market and currency revaluation of financial instruments. To ensure the safety of pension savings and stable returns, the National Bank of the Republic of Kazakhstan and private investment portfolio managers (PIMs) continuously diversify their investment portfolios by investing in various financial instruments and currencies, regularly adjusting their structure based on market conditions.
The entire investment management and pension asset accounting system is transparent: each investor can view their investment income in their personal account on the website www.enpf.kz or in the mobile app.
Information on the investment management of UAPF pension assets and the financial instruments in which UAPF pension assets are invested is published on the website www.enpf.kz in the "Statistics and Analytics/Investment Management of Pension Assets" section.
You can also find a wealth of interesting and useful information on the UAPF YouTube channel.