AFS characterized the republic's accumulative pension system on October 1, 2009

/IRBIS, Dinara Mukasheva, September 22, 09/ - Agency of Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS) in its scheduled press-release dedicated to the republic's financial market and financial organizations has characterized Kazakhstan accumulative pension system as on October 1, 2009. According to AFS, as at October 1, 2009 a total of 14 accumulative pension funds were functioning in Kazakhstan, which have 76 branches and 48 representatives in the regions of republic. The license on investment management of pension assets of accumulative pension funds have 14 legal entities, 10 of them were accumulative pension funds, which had licenses for independent management of pension assets. In September 2009, on accumulative pension fund was given the license for independent management of pension assets. Changing of main indicators, characterizing the condition of accumulative pension system of Kazakhstan (in bn. KZT) ----------------------------------------------------------------------- Changing (in %) ---------------------- As on For a since For a Indicator Sept 1, 09 month 2009 year ------------------------------------- ---------- ------ ----- --------- The number of individual pension accounts on compulsory pension 7,662,528 +0.5 -20.3 -19.2 fees (items) total sum of pension accumulations 1,749.5 +1.9 +23.6 +27.1 Amount of accounts of depositors on voluntary pension fees (items) 40,085 -0.4 -3.4 -3.5 total sum of pension accumulations 942.2 +0.9 -1.8 +0.1 Amount of accounts of depositors on voluntary professional pension fees 4,071 -0.2 +1.0 +1.3 (items) total sum of pension accumulations 79.4 +3.3 +37.8 +34.3 (m. KZT) Pension savings of depositors 1,754.7 +1.9 +23.5 +27.0 Total income of pension fees 1,403.1 +1.9 +18.4 +26.6 (bn. KZT) Total net investment income* 452.4 +2.3 +47.4 +33.8 The sum of pension payments to 2.9 0 +11.5 +52.6 receivers (bn. KZT) Pension payments and transfers in insurance companies from the NPF, 122.2 +2.4 +32.7 +43.4 billion KZT Transfers of pension accumulations to other funds 611.8 +5.3 +88.2 2.1 times ----------------------------------------------------------------------- * from investment of pension assets, distributed for individual pension accounts of investors In the total amount of pension savings depositors (receivers) share "pure" investment income amounted to 25.8% in September 2009 the proportion increased by 0.1 percentage points. As of October 1, 2009, the weighted average nominal rates of return on pension assets, pension funds amounted to: - for 5 year period (September 2004 - September 2009) - 46.52% (accumulated inflation over the same period - 63,11%). Adjusted weighted average rate of nominal income - 42,68%; - for 3-year period (September 2006 - September 2009) - 21.58% (accumulated inflation over the same period - 39.32%); - 12 months (September 2008 - September 2009) - 6.58% (inflation over the same period - 6.00%). In September 2009, for failure of certain norms of current legislation of Kazakhstan pension funds were sent to 3 written prescriptions, 3 letters of commitment and 1 concluded a written agreement. As of October 1, in the process of forced liquidation by a court order is 1 Accumulation Pension Fund (JSC "NP" rates - Transit Fund "). [2009-10-22]