I know that all investors of the UAPF receive investment income. How did quarantine affect him?
Despite the quarantine, most of the enterprises work, some of them remotely, and accordingly, the individual pension accounts of contributors continue to replenish. The amount of pension savings of the UAPF is currently close to 12 trillion tenge. As you know, it includes pension contributions and investment income from investing the funds received.
Pension contributions received to individual pension accounts (IPA), which are kept by the UAPF, are invested by the trustee of pension assets - the National Bank of the Republic of Kazakhstan - in various financial instruments.
In order to minimize risks, the investment portfolio is diversified by types, areas of investment, including currencies. At present, about 2/3 of investments are denominated in tenge and about 1/3 - in foreign currency, most of the latter - in US dollars.
The amount of pension savings of contributors (recipients) is recalculated and revalued on a daily basis in accordance with the results of investment of pension assets.
Investment income includes income in the form of remuneration on securities (deposits and other operations), income in the form of market revaluation of financial instruments, income in the form of foreign exchange revaluation, income on assets under external management, etc.
Investment income is volatile and can be both positive and negative in the short term.
For example, consider the accrual of investment income to the accounts of depositors and recipients in 2020.
For the first half of this year, from January 1 to July 1, 2020, a net investment income of 543.3 billion tenge was credited to depositors' accounts.
In January, net investment income amounted to +28.15 billion tenge, in February +111.7 billion tenge, in March +521.8 billion tenge, in April - 125.6 billion tenge, in May - 36.8, June + 44.05 billion tenge.
Starting from March 2020, the change in the exchange rate of the tenge against the US dollar had a great impact on the investment profitability of pension assets.
During the period from March to June, the US dollar strengthened against the tenge from 381 to 403 tenge per 1 US dollar. The positive foreign exchange revaluation of pension assets placed in foreign currency instruments influenced a significant increase in net investment income on pension assets.
At the same time, we draw your attention to the fact that pension savings are long-term investments and it is advisable to analyze the amount of investment income for a period of at least 1 (one) year. Short-term data (daily, monthly, etc.) are not indicative because depend on daily market conditions.
Investment income secured by the National Bank for the period of pension assets management from September 2013 to June 2020 amounted to more than 30% of the total amount of pension savings, or 3.8 trillion tenge.
The entire system of investment management and accounting of pension assets is transparent: each investor has the opportunity to see his investment income in his personal account on the enpf.kz website or in a mobile application and, at the same time, receive information on the investment management of UAPF pension assets and on financial instruments in which 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".
At this time, I, like many of our citizens, were left without work. Accordingly, I have nothing to pay child support. However, my ex-wife is threatening to sue for debt collection at the expense of my pension savings. Is it possible?
In accordance with the provisions of paragraph 3 of Article 50 of the Law, it is not allowed to seize or levy claims on compulsory pension contributions, compulsory professional pension contributions, penalties, pension assets and pension accumulations for debts of the contributor (recipient), NJSC State Corporation "Government for Citizens", UAPF, custodian bank and investment portfolio manager, including in cases of liquidation and (or) bankruptcy of the listed entities.
In addition, in accordance with subparagraph 14) of Article 98 of the Law of the Republic of Kazakhstan "On Enforcement Proceedings and the Status of Bailiffs", collection cannot be levied on pension savings for the debts of the depositor (recipient).
Thus, based on the provisions of the above regulatory legal acts, it is not allowed to seize or levy claims on the contributor's (recipient's) pension savings formed from compulsory pension contributions and compulsory professional pension contributions held in the UAPF.