As already reported, on September 28, 2023, the high-level international round table “Mandatory Funded and Mixed Pension Schemes Development Prospects” was held in Almaty, in which leading foreign and Kazakh experts took part. This event was held as part of the celebration of the 25th anniversary of the funded pension system of the Republic of Kazakhstan. The organizers of the Round Table were the Unified Accumulative Pension Fund of Kazakhstan (UAPF) in cooperation with the International Social Security Association (ISSA), which is a leading international organization uniting government agencies, organizations and departments in the field of social security.
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The next link in the series of dialogues about the pension system of Kazakhstan for its 25th anniversary was a conversation with Kadyrzhan Kabdoshevich Damitov, an economist and political figure in Kazakhstan, ex-chairman of the National Bank of the Republic of Kazakhstan (1998-1999), ex-president of the Kazakhstan Stock Exchange: KASE (2009-2013), acting as a member of the Board of Directors, independent director of Unified Accumulative Pension Fund JSC (2017-2020).
The report on the investment of pension savings as of September 1, 2023 is posted on the enpf.kz website in the “Indicators - Investment Activity” section, where information on the management of pension assets by the National Bank of the Republic of Kazakhstan (NBRK) and investment portfolio managers (IPM) is provided monthly. The total volume of pension assets as of September 1, 2023 amounted to 16,772.89 billion tenge. At the same time, pension assets of the UAPF, which are in trust management of the National Bank of the Republic of Kazakhstan, amounted to KZT16,759.31 billion. Pension assets managed by IPM amounted to KZT10.28 billion.
As part of the first panel session of the high-level international round table “Mandatory Funded and Mixed Pension Schemes Development Prospects”, which took place on September 28, 2023, on the topic “Population aging and pension reform”, moderated by Grigory Marchenko, the President of the International Federation of Pension Fund Administrators (FIAP) Guillermo Arthur (Santiago, Chile) Spoke.
On September 28, 2023, within the framework of the high-level international round table “ Mandatory Funded and Mixed Pension Schemes Development Prospects ”, various panel sessions and discussions were held.
Net investment income accrued to the accounts of UAPF contributors for 8 months of 2023 amounted to more than KZT1.04 trillion and exceeded the same period last year by KZT340.4 billion or 49%.
Key indicators of the UAPF as of September 1, 2023
As of September 1, 2023, pension savings in the amount of KZT16.76 trillion were formed in individual accounts of UAPF contributors (beneficiaries). Since the beginning of the year, their increase as of September 1, 2023 amounted to KZT2.1 trillion (14.3%). Compared to the same date last year, the volume of pension savings increased by KZT2.8 trillion (20%).