site.news_by_theme pension fund
Kazakh deputies outraged at risky investments of Single Pension Fund
Kazakhstan MP of Ak Zhol faction voiced their serious concern over the investments the Single Pension Fund was practicing. In their opinion, these activities may lead to destabilization of the entire lending sector of Kazakhstan.
28 October 2014
Pension reform concept approved in Kazakhstan
The Concept of modernization of Kazakhstan’s pension system until 2030 has been approved.
16 July 2014
Kazakhstani pension savings amount to $21 billion
Kazakhstanis had over $21 billion in pension savings as of June 1, 2014.
16 June 2014
State-run Single Pension Fund to deposit money with Kazakhstan-based banks
“I commission the National Bank and the Government to work out a strategy to invest the assets of the Pension Fund, including depositing the money with Kazakhstan-based banks for a long term”, President Nazarbayev said earlier.
13 May 2014
President Nazarbayev instructs to develop strategy to invest assets of Single Pension Fund
President also stressed that the National Bank should develop extra incentives to reduce dollarization of the banking sector.
11 April 2014
Merger of pension funds to form a single entity complete in Kazakhstan
Altogether, there are 9.7 million accounts, with the overall savings amount standing at $21.3 billion.
31 March 2014
Will the pension funds be merged into the Single Pension Funds by April 2014?
Ular Umit pension fund is completing the merger to be followed by the pension fund owned by Halyk Bank, the last to be merged with the newly-formed Single Pension Fund: the Fund’s Press Service.
20 March 2014
Central Bank Governor to manage assets of Single Pension Fund
Kazakhstan’s President Nursultan Nazarbayev instructed the Government late January to merge all the pension funds into a single government-owned entity.
14 March 2014
Single Pension Fund ensures safety of pension savings
Deputy Chairman of the JSC GNPF Accumulative Pension Fund Ruslan Erdenayev guaranteed the safety of the pension savings.
17 February 2014
Kazakhstan’s President Nursultan Nazarbayev furious over People’s IPO delays
I commission the Central Bank and the Government to come up with a clear vision of the country’s pension system and the national securities market before June 1, 2014: President Nazarbayev.
14 February 2014
Pension assets to be fully consolidated in the Q1 2014: Central Bank Governor
Kazakhstan’s President Nursultan Nazarbayev instructed the Government late January to merge all the pension funds into a single government-owned entity.
13 November 2013
Marchenko names reasons behind insufficiency of pensions in Kazakhstan
The larger the pension savings pool is, the more investment tools are needed to secure a sufficiently high yield: Marchenko.
26 October 2013
Ex Chairman of the Central Bank on excessively protracted merger of pension funds
Shareholders of pension funds involved into the swapping deal are first of all interested in having their missed profit compensated for: Gregory Marchenko.
25 October 2013
Merger of Kazakhstan’s pension funds to be complete in H2 2014
Earlier Mr. Kelimbetov, the then Vice Prime Minister, said that all the pension savings should be consolidated into a single government-owned pension fund by July 1, 2013.
23 October 2013
National Bank approves schedule for transfer of pension assets to Single Pension Fund
Transfer of pension assets and obligations of Kazakhstan's pension funds to the Single Pension Fund will start on October 11 and finish on June 26, 2014.
04 October 2013
Almaty and Astana responsible for 30% of Kazakhstan’s pension deductions
Astana and Almaty residents transferred almost 100 billion tenge to pension funds in 7 months of 2013.
25 September 2013
20% of the Single Pension Fund’s assets to be invested abroad
I am not sure the pension reform is complete before the end of the year: Central Bank Governor.
06 September 2013
Poland overhauls pension system to keep public debt down
Poland on Wednesday said it will transfer government bonds held by private pension funds to the state pension sector in a move aimed at curbing public debt amid an economic slowdown.
05 September 2013
French Socialists under fire over pension 'non-reforms'
The Socialist government's plans to reform France's debt-ridden pension system , to be presented to ministers this month, fail to address the core problems and could spark fresh tensions with Brussels.
02 September 2013
Single Pension Fund to purchase other Kazakhstan pension funds' stock by year end
Purchase of the shares of Kazakhstan’s pension funds by the Single Pension Fund will be finalized by the end of 2013.
12 August 2013