FSA described the accumulative pension system of Kazakhstan as of February 1, 2010

/IRBIS, February 25, 2010/ - Agency of the Republic of Kazakhstan on Regulation and Supervision of Financial Market and Financial Organizations (AFS), in its regular technical press release on the state of financial markets and financial institutions of the republic, described the accumulative pension system of Kazakhstan as of February 1, 2010. According to the FSA as of Feb.1, 2010 in the republic there are 14 pension funds, which have 77 branches and 49 representative offices in the regions of the republic. Licenses for the investment management of pension assets have 14 entities, of which 10 funds are licensed to independent management of pension assets. In January 2010 the license for independent management of pension assets of pension funds were not provided. Changing the basic parameters characterizing the state funded pension system of Kazakhstan (billion KZT, unless otherwise indicated ----------------------------------------------------------------------------------- Changes (in%) -------------------- Indicator On Feb. 2, 2010 In a month In a year ---------------------------------------------- --------------- ---------- --------- Number of accounts of depositors of mandatory pension contributions (items) 7,740,414 +0.1 -19.5 amount of pension savings 1,887.7 +1.8 +31.6 Number of accounts of depositors on voluntary pension contributions (items) 41,410 -0.7 -0.8 amount of pension savings, million tenge 1,200.0 0 +29.5 Number of accounts of depositors on voluntary occupational pension contributions (items) 4,060 -0.4 +0.8 amount of pension savings, million tenge 87.6 +2.6 +40.8 Retirement savings depositors 1,893.0 +1.7 +31.5 The total flow of pension contributions 1,512.5 +1.6 +25.5 The amount of "pure" investment income * 495.9 +2.9 +60.6 The amount of pension payments to recipients 5.5 +52.8 +37.5 Pension payments and transfers in insurance companies from NPF 137.7 +4.2 +43.3 Transfers of pension savings investors in other funds 733.4 +3.3 2.2 times ----------------------------------------------------------------------------------- * from the investment of pension assets allocated to individual pension accounts of depositors. In the total amount of pension savings depositors (receivers) share "pure" investment income amounted to 26,2% for January 2010 the proportion had increased by 0,3 percentage points. As of February 1, 2010, the weighted average nominal rates of return on pension assets, pension funds amounted to: - 5 year period (January 2005 - January 2010) - 46.51% (accumulated inflation over the same period - 61.78%). Adjusted weighted average rate of nominal income - 43.18% - for 3-year period (January 2007 - January 2010) - 19,30% (accumulated inflation over the same period - 38.45%); - 12 months (January 2009 - January 2010) - 11.99% (the rate of inflation over the same period - 7.3%). In January 2010, for failure of certain norms of current legislation of the Republic of Kazakhstan pension funds were sent 5 letters of commitment. As of February 1, 2010, in the process of forced liquidation by a court order is 1 Accumulation Pension Fund (JSC "NP" rates - Transit Fund "). In accordance with the Resolution of the Board of AFS on January 14, 2010 # 1 JSC NPF Kazakhmys granted permission to conduct a voluntary restructuring of the Fund in the form of change in the kind of enterprise in the open. [2010-02-25]