According to the results of 2024, the investment income of Kazakhstanis exceeded the volume of pension contributions and amounted to 3.4 trln
According to the results of 2024, investment income from investing pension assets under trust management of the National Bank of the Republic of Kazakhstan (hereinafter referred to as the NBRK) amounted to KZT3.4 trln, which exceeds the total volume of pension contributions, which is about KZT2.8 trln. Investment income for 2024 showed growth compared to the previous year: KZT1.8 trln or 114.5%.
Due to compulsory pension contributions (CPC), compulsory occupational pension contributions (COPC), voluntary pension contributions (VPC), contributors and beneficiaries received investment income of more than KZT3.3 trln, which exceeds the volume of these contributions, which is about KZT2.6 trln.
Investment income from employer compulsory pension contributions (ECPC) in 2024 amounted to more than KZT26.4 bln with contributions amounting to KZT231.2 bln.
The return on pension assets of the UAPF, formed at the expense of CPC, COPC, VPC, under the management of the National Bank for 2024 amounted to 17.84% with inflation of 8.6% in 2024. The return on pension assets of the UAPF, formed at the expense of ECPC, according to the results year – 17.96%.
Investment income consists of income in the form of remuneration on financial instruments (securities, deposits and other transactions), market and currency revaluation of financial instruments, income on assets under external management, etc. To preserve pension assets and generate income, the NBRK and investment portfolio managers (IPM) constantly diversify the investment portfolio. That is, assets are invested in different financial instruments, currencies and are regularly redistributed taking into account the market situation. The NBRK investment activity reviews, posted monthly on the enpf.kz website, reflect that as of January 1, 2025, income was received on all types of instruments. Information on investment income and IPM pension asset management is also posted monthly on the enpf.kz website. Each contributor has the opportunity to see their investment income in their personal account on the enpf.kz website or in the mobile application.
The accumulated investment return since the foundation of the funded pension system in 1998 as of January 1, 2025, with a cumulative total, amounted to 979.95% with inflation for the entire period of 827.78%.