Recall that Kazakhstan has a unique guarantee of the safety of mandatory pension contributions, taking into account the level of inflation. In cases of a decrease in profitability in a separate period, which affected the accumulated return of the depositor For 7 months of 2024, the net investment income of Kazakhstanis exceeded 1.38 trillion tenge, which is more by 619.3 billion tenge or 81.4% of the indicator of the same period last year.
The profitability of the pension assets of the UAPF, formed at the expense of mandatory pension contributions (OPV), mandatory occupational pension contributions (OPV), voluntary pension contributions (DPV) for 7 months of 2024 amounted to 7.51% with inflation for this period of 4.7%.
If we consider the annual return on pension assets, it was 12.72% as of August 1, 2024, and inflation was 8.6%.
The profitability of the pension assets of the UAPF, formed at the expense of mandatory pension contributions from the employer (OPVR), as of August 1, 2024 from the beginning of the year is 2.53%.
Investment income consists of income in the form of remuneration for financial instruments (securities, deposits and other transactions), market and currency revaluation of financial instruments, income from assets under external management, etc. To preserve pension assets and generate profitability, the National Bank of the Republic of Kazakhstan (NBK) and investment portfolio managers (IPM) They are constantly diversifying their investment portfolio. That is, assets are invested in various financial instruments, currencies and are regularly redistributed taking into account the situation. Such diversification leads to positive results and ensures sustainable investment returns.
It should be noted that pension savings are long-term investments, and it is advisable to analyze the amount of investment income for a period of at least a year. So, for example, the investment yield since the foundation of the accumulative pension system in 1998, as of August 1, 2024, totaled 885.26% with inflation for the entire period of 794.46%. Thus, the accumulated investment income in the long term exceeds inflation.
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 ENPF.
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. In accordance with pension legislation, the UAPF attracts mandatory pension contributions, mandatory pension contributions from the employer, mandatory professional pension contributions, voluntary pension contributions, as well as crediting and accounting for voluntary pension contributions formed from the unclaimed amount of guaranteed compensation for a guaranteed deposit transferred by an organization engaged in mandatory deposit guarantee, in accordance with the Law of the Republic of Kazakhstan "On mandatory deposit guarantee, placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension payments. The Fund also carries out accounting of target assets and target requirements, accounting and crediting target savings (TSN) to target savings accounts, payments of TSN to their recipient to bank accounts, accounting for returns of TSN in accordance with the procedure determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program. (For more information on www.enpf.kz ).