Over the past 12 months, as of September 1, 2025, the accrued investment income of Kazakhstanis reached 2.74 trillion KZT. The return on pension assets of the UAPF at the expense of MPC, MPPC, VPC amounted to 12.60% with inflation of 12.20%. The yield on the MPCE for the last 12 months as of 01.09.2025 is 7.64%.
At the same time, the net investment income of Kazakhstanis for 8 months of this year amounted to 1,270.99 billion KZT. Of these, 1,265.72 billion KZT accounted for income from investing pension savings at the expense of mandatory pension contributions (MPC), mandatory professional pension contributions (MPPC), voluntary pension contributions (VPC), depositors and recipients credited to individual pension accounts (IPA). Net investment income from investing pension savings at the expense of mandatory pension contributions of the employer (MPCE) credited to conditional pension accounts (CPA) of Kazakhstanis amounted to 5.26 billion KZT.
The accumulated investment return in the long term exceeds inflation. Since the foundation of the funded pension system in 1998, as of September 1, 2025, the cumulative return amounted to 979.95%, with inflation for the entire period of 827.78%.
As a reminder, investment income is generated by remuneration on financial instruments (securities, deposits and other transactions), on assets under external management, as well as through market and currency revaluation of financial instruments. To ensure the safety of pension savings and stable profitability, the NBRK and private investment portfolio managers (IPM) carry out constant diversification of the investment portfolio – they place assets in various financial instruments and currencies, regularly adjusting its structure depending on market conditions.
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 www.enpf.kz website or in the mobile application.
Information on the investment management of pension assets of the UAPF and on the financial instruments in which the pension assets of the UAPF are placed is published on the www.enpf.kz website in the section “Statistics and Analytics/Investment Management of Pension Assets”.
You can also get a lot of interesting and useful information on the YouTube channel of UAPF.