ANNOUNCEMENT
For two months, the net investment income of contributors (beneficiaries) of the UAPF exceeded KZT204.4 billion
The net investment income of contributors (beneficiaries) of the Unified Accumulative Pension Fund since the beginning of the year, as of March 1, 2023, exceeded KZT204.4 billion.
The amount of pension savings as of March 1, 2023, including pension contributions and investment return of contributors (beneficiaries), is about KZT15.13 trillion.
The net investment income provided by the National Bank since 2014 (completion of the process of merging all pension assets into the UAPF) amounted to more than KZT7.13 trillion.
The year 2023 is marked by instability in the financial markets against the backdrop of the ongoing instability of the geopolitical situation. Since the beginning of the year, there has been an increase in inflation and volatility in the indicators of return on pension assets, which depends on the market and currency revaluation of financial instruments and demonstrates both positive and negative indicators.
However, due to portfolio diversification by selected financial instruments, sectors of the economy and currencies, a positive investment income was earned within 2 months.
As you know, 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 (weekly, monthly, etc.) is not representative, because dependent on changes in market conditions.
UAPF was one of the first to use a QR code when providing its services
Now, when submitting an application for the appointment of pension payments and making changes and (or) additions to the details, the application can be signed using a QR code.
Recall that applications are submitted to the UAPF for receiving pension benefits due to disability of groups 1 or 2, established indefinitely, as well as benefit payments from voluntary pension contributions. Previously, this could be done at the UAPF offices or in a personal account on the enpf.kz website using an electronic digital signature. Now EDS can be replaced by signing with a QR code. Also, the QR code will help when making changes and (or) additions to your data in the Personal Account on the enpf.kz website.
To do this, you need to go to your Personal Account on the enpf.kz website, where, when choosing these services, the “Sign with QR” button has been added. This signing method is implemented on the basis of integration with eGov mobile, so the user must install this application on his mobile phone and log in to it. After clicking on the "Sign with QR" button, a QR code is generated that contains a link to the Fund's server. This QR code must be scanned using the eGov mobile application, in the upper right corner of which there is an icon for reading QR codes.
After scanning the QR code, a window opens showing the document being signed. Next, by clicking on the "Sign" button, the user needs to complete the signing of the document. As a result, the message “Signing completed successfully” should appear: the details will be changed, and the application for the appointment of a pension benefit can be viewed in the “My applications” section
So far, using a QR code, you can perform two requested operations in the Personal Account on the enpf.kz website. UAPF continues to work on expanding the range of digital services that can be obtained in this way.
The UAPF was established on August 22, 2013 on the basis of GNPF APF JSC. The UAPF founder and shareholder 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. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. From January 1, 2016, the functions for developing proposals to improve the management of pension assets were transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, pension benefits, individual accounting of pension accumulations and benefits, provides the contributor (beneficiary) with information on the status of his pension accumulations (for more information visit www.enpf.kz)
We emphasize that in the long term, a positive real (exceeding accumulated inflation) return on pension savings is ensured. The cumulative return since the foundation of the funded pension system (1998) as of March 1, 2023 has been cumulatively 740.12%, with inflation for the entire period of 695.96%.
Recall that in Kazakhstan there is a unique guarantee of the safety of compulsory types of pension contributions, taking into account the level of inflation. Even with a decrease in return in a particular period, which affected the accumulated return of the contributor upon the onset of the right to benefits, the compensation for the difference is guaranteed by the state.
The entire system of investment management and accounting of pension assets is transparent: each contributor has the opportunity to see his investment income in his personal account on the enpf.kz website or in a mobile application.
Information on investment management of UAPF pension assets and financial instruments in which UAPF pension assets are placed is published on the official website of UAPF (www.enpf.kz) in the section “Indicators/Investment activity”.
A lot of interesting and useful information, including interviews with experts from the accumulative pension system on investing pension assets, is on the YouTube channel БЖЗҚЕНПФ.
The UAPF was established on August 22, 2013 on the basis of GNPF APF JSC. The UAPF founder and shareholder 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. UAPF pension assets are managed by the National Bank of the Republic of Kazakhstan. From January 1, 2016, the functions for developing proposals to improve the management of pension assets were transferred to the National Fund Management Council. In accordance with the pension legislation, the UAPF attracts compulsory pension contributions, compulsory occupational pension contributions, voluntary pension contributions, pension benefits, individual accounting of pension accumulations and benefits, provides the contributor (beneficiary) with information on the status of his pension accumulations (for more information visit www.enpf.kz)