57-y.o. Pavlodar citizen skydives to support retirement reform
57-y.o. woman went skydiving in Pavlodar to support the retirement reform in Kazakhstan.
Samruk-Kazyna may purchase Halyk Bank Pension Fund through selling its stake in BTA Bank
February 4 Kazakhstan’s President Nursultan Nazarbayev commissioned the Fund to exit the earlier bailed-out banks within a year’s time.
Kazakhstan to gradually raise retirement age for women
The changes should be gradual. For women who will be retiring before 2018 the retirement age will be annually raised by half a year within the following 10 years: Labor Minister.
Australian government pension fund dumps tobacco
The Australian government's pension fund for public servants Thursday announced it would sell off its Aus$222 (US$228) million holdings in tobacco companies following the nation's move towards plain packaging.
To launch the single pension fund, amendments are to be introduced into 22 laws and 8 Codes: Central Bank Governor
Should the amendments be passed in the autumn only, no consolidation could take place.
Marchenko points at Kazakhstan private pension funds' mistakes
Kazakhstan private pension funds were over-investing in public securities inside Kazakhstan and under-investing abroad: Marchenko.
Merger of Kazakhstan’s pension funds planned since 2010
A foreign company interested in the local market suggestion to merge all the Kazakhstan pension funds into one and transfer it to foreigners for management was made in 2010: source.
Money of single pension fund not for EXPO-2017: Kelimbetov
Kazakhstan Vice-PM Kelimbetov deflated the rumors that the government was planning to use the funds of the coming single pension fund to finance the EXPO.
Pension savings in Kazakhstan grew 20 percent in 2012
Savings in Kazakhstan's pension funds grew 20.1 percent and made 3.2 trillion tenge ($20.7 billion) in 2012.
National Bank Governor warns against dominance of public bodies reps in the Single Pension Fund Board
According to him, in the long run the Government may need money to cover the budget deficit or finance some state-run projects and there might be a temptation to rely on pension savings.
National Bank Governor on ways current pension funds could take
They can be transformed into asset management companies; they can be transformed into pension funds working with voluntary savings schemes; or they can wind up and exit the market: Gregory Marchenko.
National Bank Governor on investing pension assets into infrastructure projects
Pension savings are to be consolidated into a single pension fund by July 1, 2013.
Pension savings of Kazakhstan citizens to be consolidated in single pension fund by July 1
Creation of the single pension fund does not mean nationalizing of pension savings: the savings will still be owned by the citizens: Vice-PM of Kazakhstan.
Kazakhstan Stock Exchange Director on the planned single pension fund
Although the number of issuers will decrease, there will be one powerful investor (…) the investment rules are expected to be liberalized: Kadyrzhan Damitov.
Current pension funds could be transformed into asset management companies: Central Bank Governor
According to him, 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.
Central Bank Governor on the upside and downside of the suggested single pension fund
According to him, if there is a single pension fund managed directly by the Government or by the National Fund, there will be no deals closed with affiliated companies.
National Bank shouldn’t act as both the owner and regulator of the single pension fund: Gregory Marchenko
President made the decision to the benefit of the nation (…) and it will be brought to life, Central Bank Governor pledged.
Labor Minister comments on suggested single pension fund
According to him, the Government suggests channeling the money to support S&MBs within the Business Development Roadmap – 2020 as well as to finance infrastructure projects.
Banker Zhomart Ertayev lists benefits of a single pension fund
According to him, the measure will provide finances for long-term infrastructure projects that are badly needed.
Minister of Economic Affairs commenting on single pension fund
I don’t think there will be literally a single pension fund. The point was to introduce a single system to manage pension accounts: Erbolat Dossayev.