site.news_by_theme pension fund

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
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 July 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 July 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 June 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 June 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 May 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 May 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 May 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 May 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 May 2013
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.
25 April 2013
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.
27 March 2013
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.
13 March 2013
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.
28 February 2013
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.
27 February 2013
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.
26 February 2013
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.
19 February 2013
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.
19 February 2013
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.
08 February 2013
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.
07 February 2013
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