Kazakhstan National Bank confirms the fact of Pension Fund's activity check

Kazakhstan National Bank confirms the fact of Pension Fund's activity check

23 December, 11:54 135
Kazakhstan National Bank confirms the fact of Pension Fund's activity check

Since December 21, 2016 the check of activities of Unified National Pension Fund Joint-stock company with participation of National Bank of the Republic of Kazakhstan is performed. It is stated in the widespread message of the press service of NB, BNews.kz reported.

"The check is performed on the transactions made by the UNPF joint-stock company concerning investment of own assets. Own assets of JSC UNPF are created at the expense of its equity and results of economic activity. Control of own assets is exercised of JSC UNPF independently.

Pension accruals of citizens are separated balance of JSC UNPF and are considered separately. Investment of pension accruals is performed by National Bank only in the directions approved by Council for management of National fund of the Republic of Kazakhstan for 2016. At the same time in 2016 investment of pension assets into financial instruments of private companies of real production sector isn't provided.

The national bank has no right to comment on actions of law enforcement agencies. The legal treatment of a situation will be given upon termination of the check and pronouncement of the relevant proceeding decisions," the press release is said.

Following the results of 11 months of 2016 profitability of pension assets made 8.15% at the level of inflations during this period in the amount of 7.5% that provides complete protection of pension accruals against inflation.

Let's remind, earlier in one of media there was information that law enforcement agencies carry out a search to UNPF, and for this purpose the fact of plunder of the billion amount of participants of pension accumulating was the cause.

However, representatives of fund confuted the fact of plunder of pension money in the amount of 5 billion tenge. This message was published on the UNPF official website.

 

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