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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 февраля 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 ноября 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 октября 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 октября 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 октября 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 октября 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 сентября 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 сентября 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 сентября 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 сентября 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 августа 2013

Launch of the Single Pension Fund depends on negotiations between the Government with shareholders of major privately-owned pension funds: Central Bank Governor Completion of the talks was expected in May-June so that the actual merger could start from July 1. The National Banks expects the talks to be over in August.

29 июля 2013

Depositors to play no role in managing pension savings: Central Bank Governor The compound of the Single Pension Fund’s Managing Board is subject to Kazakhstan President’s approval. It is to include reps of the Government, Central Bank, financial market players as well as independent experts.

29 июля 2013

Nazarbayev signs pension reform law Kazakhstan President Nursultan Nazarbayev has signed the law reforming the pension system and gradually increasing women's pension age from 58 to 63.

22 июня 2013

Pension fund money may be spent on ConocoPhillips stake in Kashagan: MP I am asking the government to take decisive measures to purchase the share in Kashagan project from ConocoPhillips: Tursunbek Omurzakov.

07 июня 2013

Central Bank Governor on pension reforms According to Mr. Marchenko, 72% of the current retired people are females with the other 28% being males.

20 мая 2013

Senate approves pension draft law in first reading Kazakhstan Senate has approved the draft law amending the pension system in the first reading.

16 мая 2013

Private sector is in a better position to manage pension savings: EBRD Director for Kazakhstan The payback from the pension reform could be insignificant should the Single Pension Fund’s assets be invested in the same way the National Oil Fund’s assets are invested: Fitch Ratings.

14 мая 2013

Pension reforms will enable people working in hazardous environments to retire at 50: PM Pension deductions for those involved in hazardous industrial production will make up 15%.

06 мая 2013

Current pension funds have been slashing people’s savings by 26%: PM Given all that, the decision to launch a single pension fund [to replace all the current ones] was very reasonable on the part of the Government.

06 мая 2013

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