For 4 months of 2023, the accounts of UAPF contributors received a net investment income in the amount of KZT469.04 billion, which exceeds the same period last year by KZT340.32 billion or 3.6 times.
Key indicators of UAPF as of May 1, 2023.
As of May 1, 2023, pension savings in the amount of KZT15.68 trln were formed on the individual accounts of contributors (beneficiaries) of the Unified Accumulative Pension Fund. Since the beginning of the year, their growth as of May 1, 2023 amounted to KZT1 trln (6.9%). Compared to the same date last year, the volume of pension savings increased by KZT2.74 trln (or 21.1%).
The increase is formed taking into account incoming flows in the form of contributions and investment income, as well as outgoing - in the form of pension benefit payments, including according to the schedule and lump sums - for housing and medical treatment, for the purposes of inheritance, burial, departure for permanent residence, etc.
The site enpf.kz provides a report on the management of pension assets of NB RK and IPM as of May 1, 2023. A detailed report on the investment of pension savings is posted on the website enpf.kz in the section “Indicators - Investment activity”, which monthly provides information on the management of pension assets by the National Bank of the Republic of Kazakhstan (NB RK) and investment portfolio managers (IPM). The total amount of pension assets as of May 1, 2023 amounted to about KZT15,677.57 bln. At the same time, UAPF pension assets held in trust by the National Bank of the Republic of Kazakhstan amounted to KZT15,668.2 bln. Pension assets managed by IPM amounted to KZT9.37 bln
The pension system in Kazakhstan provides contributors (beneficiaries) with more and more opportunities to participate in the planning of pension capital and their material security after the end of employment. A competitive environment is being formed in the field of asset management with the possibility of their transfer to an investment portfolio manager (IPM) and the choice of different investment strategies. Subject to the sufficiency of pension savings, before the retirement age, they can be used to improve housing conditions or pay for medical treatment. The most far-sighted contributors (beneficiaries) when forming their future pension, in addition to the compulsory types of contributions, add voluntary.
The world leader among insurance companies and asset managers Allianz has released a new edition of its Global Pensions Report (API), according to which Kazakhstan's pension system has been assigned an API rating of 3.5 points as a result of an analysis of 75 pension systems around the world. Kazakhstan is ahead of its neighbors in the CIS, as well as Spain, Chile, Singapore, the United Arab Emirates and other countries. These results imply that Kazakhstan's pension system is slightly above average in terms of pension sustainability and adequacy compared to other countries analyzed by Allianz.
The UAPF annually, together with the Government for Citizens State Corporation (State Corporation), conducts a reconciliation to identify persons who have reached retirement age and have pension savings in the UAPF, while receiving pension benefits by age at the expense of budgetary funds, but who have not applied for benefit to UAPF.
The UAPF informs its contributors (recipients) that individuals who have pension savings in the UAPF, formed from:
mandatory pension contributions and/or mandatory professional pension contributions, and have a first or second group disability status established indefinitely, or
voluntary pension contributions, and have a disability status regardless of group and duration of disability,
have the right to receive pension payments according to the established schedule until the general retirement age is reached.
The UAPF informs its contributors and recipients about the increasing cases of scammers spreading unreliable information on social networks.
By using social networks and WhatsАpр messaging, scammers are writing about the possibility of withdrawing pension savings without taking into account the minimum pension savings threshold (MPST) during the period from June to September of this year. This message is fake and does not correspond to reality.
The 23rd meeting of the Public Council under the UAPF was held on April 25 this year.
The agenda included a report on the investment of pension assets, presented by the National Bank of the Republic of Kazakhstan as a trustee.
Electronic services that do not require a personal appeal of citizens to the UAPF branches remain popular in Kazakhstan. They are accessible and convenient, many contributors prefer to use them 24/7 in the Personal Account on the enpf.kz website, in the mobile application.
The enpf.kz website provides a report on the management of pension assets of the NBRK and the PIP as of April 1, 2023. A detailed report on the investment of pension savings is posted on the website enpf.kz in the section "Indicators - Investment activity", which monthly provides information on the management of pension assets by the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPM). The total volume of pension assets as of April 1, 2023 amounted to about KZT15,401.08 billion. At the same time, UAPF pension assets held in trust by the National Bank of the Republic of Kazakhstan amounted to KZT15,391.36 billion. Pension assets managed by the IPM amounted to KZT9.72 billion.
The net investment income accrued to the accounts of UAPF contributors for the period from January to March 2023 amounted to KZT336.3 billion, which exceeds the figures for the same period last year by KZT44.6 billion or 13%. The yield on UAPF pension assets managed by the National Bank of Kazakhstan over the past 12 months amounted to 6.63%.
Key indicators of UAPF as of April 1, 2023.
Increasing every year, pension contributions and the investment income accrued on them form a financial safety cushion, demonstrating the stability and reliability of the pension system of Kazakhstanis.