Open Doors Day in UAPF JSC - exploring the possibilities of investing our pension savings

As part of the information and outreach work among the population, on December 11 and 13, 2024, UAPF JSC will hold an Open Doors Day on the topic: “IPM Investment Strategies. Consideration of Current Issues of Contributors”.

 

During the Open Day, UAPF contributors will have a unique opportunity to receive information about pension asset management directly from representatives of investment portfolio managers (IPMs). Each IPM will present its investment strategy and answer questions from event participants. UAPF specialists will tell you where to find information about IPMs and how to transfer savings to them if the investor has made their choice.

 

As you know, since January 2021, UAPF contributors have been able to transfer their pension savings to private investment companies - IPMs. Initially, it was possible to transfer only savings that exceeded the minimum sufficiency threshold or remained in the pension account after concluding a pension annuity agreement with an insurance company. However, since July 1, 2023, investment opportunities have expanded: now UAPF contributors can transfer up to 50% of their savings through compulsory and compulsory occupational pension contributions, as well as 100% of voluntary contributions to trust management of private companies.

The meeting will be held online, which will allow everyone to take part. We hope that it will be useful to everyone - both contributors and journalists involved in covering topics related to the funded pension system of Kazakhstan.

Registration is required to participate in the event.

Please follow the link (https://enpf.webex.com/weblink/register/r86fb6c2042280dec440d2c7761d88d29).

 

Event meeting number: (2516 310 8464)

Event meeting password: (GZtqrp)     

 

UAPF was founded on August 22, 2013 on the basis of GNPF APF JSC. The founder and shareholder of the UAPF is the Government of the Republic of Kazakhstan represented by the State Institution Committee of State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan. Trust management of UAPF pension assets is carried out by the National Bank of the Republic of Kazakhstan. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, employer’s compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, as well as carries out enrollment and accounting of voluntary pension contributions formed at the expense of the unclaimed amount of guaranteed compensation for the guaranteed deposit, transferred by the organization carrying out mandatory guarantee of deposits, in accordance with the Law of the Republic of Kazakhstan "On mandatory guarantee of deposits placed in second-tier banks of the Republic of Kazakhstan", ensures the implementation of pension benefits. The Fund also carries out accounting of target assets and target requirements, accounting and crediting of target savings (TS) to target savings accounts, payments of TS to their recipients in bank accounts, accounting for returns of TS in the manner determined by the Government of the Republic of Kazakhstan within the framework of the National Fund for Children program (More details at www.enpf.kz)