Current pension funds could be transformed into asset management companies: Central Bank Governor

ПОДЕЛИТЬСЯ

Current pension funds could be transformed into asset management companies: Central Bank Governor Gregory Marchenko. By Vladimir Dmitriev ©

“The National Bank’s position is that the current pension funds as they are now should be transformed into assets management companies”, Profinance.kz reports, citing Central Bank Governor Gregory Marchenko as announcing January 25. “Nobody suggests taking away all the assets from the current pension funds (…) The Government is to hire an assessment company to fairly and independently evaluate the assets so that they could be bought out later on at a fair market value”, Mr. Marchenko believes. “I believe neither the National Bank nor the Government should be responsible for valuation (…) there should be an unbiased valuation (…) it’s a delicate issue”, Mr. Marchenko emphasized. “Objective valuation is badly needed so that there would be no allegations that the Government has taken over the funds (…) the point is not to close down the current pension funds. The National Bank’s suggestion is to enable them to keep on working in the newly created environment”, Mr. Marchenko said. The issue of voluntary and corporate savings remains open. “It’s clear all the pension funds will be merged when it comes to obligatory pension savings (…) however, if someone has deposited voluntary savings and wants to keep them with a private fund, maybe such a feature of pension funds should be retained”.

ПОДЕЛИТЬСЯ
“The National Bank’s position is that the current pension funds as they are now should be transformed into assets management companies”, Profinance.kz reports, citing Central Bank Governor Gregory Marchenko as announcing January 25. “Nobody suggests taking away all the assets from the current pension funds (…) The Government is to hire an assessment company to fairly and independently evaluate the assets so that they could be bought out later on at a fair market value”, Mr. Marchenko believes. “I believe neither the National Bank nor the Government should be responsible for valuation (…) there should be an unbiased valuation (…) it’s a delicate issue”, Mr. Marchenko emphasized. “Objective valuation is badly needed so that there would be no allegations that the Government has taken over the funds (…) the point is not to close down the current pension funds. The National Bank’s suggestion is to enable them to keep on working in the newly created environment”, Mr. Marchenko said. The issue of voluntary and corporate savings remains open. “It’s clear all the pension funds will be merged when it comes to obligatory pension savings (…) however, if someone has deposited voluntary savings and wants to keep them with a private fund, maybe such a feature of pension funds should be retained”.
Tengrinews
Читайте также
Join Telegram
Earthquake felt by residents of Almaty
Kazakhstan to be hit by snowfall
Flights delayed at Aktobe airport
US dollar drops sharply in Kazakhstan
Kazakhstan to raise living wage in 2026
Tenge continues to strengthen steadily
CSTO meeting has begun in Bishkek

Exchange Rates

 504.61  course up  587.93  course up  6.63  course up

 

Weather

location-current
Алматы

 

Редакция Advertising
Социальные сети