The Government develops an implementation mechanism for state guarantee and protection of mandatory pension contributions of Kazakhstan citizens. At the moment, the Ministry of Labor and Social Protection in cooperation with pension funds works on compensations on mandatory contributions with inflation rate cover for retiring citizens. /Proprietary info/.

How to retain investment income of pension fund in market conditions?
(writte by Ivetta Shutova)

K1 unsubdued height/Irina Galkina/

 In searching of a lost/Tatyana Batisheva/

On a CONSOLIDATION WAY /Zhuldyz Telagisova/

High inflation – is the risk factor for shareholders of pension funds. By operating rules they are obliged to compensate to the contributors a difference between a level of profitableness of fund and rise in prices due to own capital./coll.inf./

It is half empty or is half full. The Kazakhstan financiers differently estimate realities of the financial market.
Fatima KUZUBAEVA, Almaty

Banks foundation & pension money usage theme became central in expert discussion

Financial future on  2008. Pension sector.

АО "Казкоммерцбанк" сообщило об увеличении своей доли в уставных капиталах АО "НПФ "ҰларҮміт" и КБ "Москоммерцбанк" /KASE/

“UlarUmit” pension fund has taken second place amongst domestic accumulative pension funds on pension assets; the assets are equal to 224 billion tenge. During the last year it has developed a new strategy which helps balancing within market fluctuations. In the future, the Fund is aiming on service quality increase and provision with updated products. The new development programme for 2015 is under development at the present time. /Natalya Kunina/

Money and bowls to spare love good care…
On May 1, 2007 there was a bowling contest between representatives of business mass media and financial institutions of the Republic.

Guarantee of warm existence in old age

“Tenge” TV programme (in Kazakh).

“Territory in dispute” TV Programme with Matvey Ganapolskiy.

Figures only and nothing personal!  /Nurakhmet Kenzheev/

“Broadcast listener’s hour” radio programme

Pension business. Answers provided by Mrs. Olga Rezinkina, the Director of Northern Kazakhstan branch of the JSC APF “UlarUmit”.

Unwanted arithmetic /Gulmira Kunapia/

Version /proprietary info/

“UlarUmit” pension fund has the lowest coefficient of market risks of the portfolio according to the rating of the Agency of Financial Regulation /N. D./

Finalizing results… /by Olesya Malinovskih/

“UlarUmit” casts the totals /by Zhuldyz Telagisova/

Accumulative pension fund “UlarUmit” has reviewed results of its activity during 2006. As of January, 1st total amount of the pension assets has increased 160 billion tenge; accretion of pension assets is 36%. /by Altai Sandybaev/

ACCUMULATIVE PENSION FUNDS-RESULTS-2006-PLANS

There is nothing to be worried about for contributors of “UlarUmit” pension fund. Stable investment policy is a guarantee for reliability. In 2006, efficient and circumspect activity on the security market allowed increasing of investment income of the company on 17,5 million tenge. In general, as of January, 1st of the current year, total amount of pension assets of the Fund has increased 160 billion tenge. /by Dmitriy Krivitskiy/

Leaders are awarded

Pension assets of the “UlarUmit” fund increased 117 billion 600 million tenge.

“Responsibility to be the first”

”Financial future: pension sector”

Faster and easier /Alexander Kim/

The Fund aiming for the future  /proprietary info/

YOU SHOULD INFORM AND THEN YOU WILL BE INFORMED AS WELL

Answers provided by Ms. Olga REZINKINA, Director of the Northern Kazakhstan branch of “UlarUmit” pension fund.

Mr. Dabyr Medetbekov, President of the JSC “APF “UlarUmit”

Pension expertise /proprietary info/

”UlarUmit” is in trend /proprietary info/

About the financial tools deficiency problem /Mr. M. Amankosov, Head of the Financial and Analytical Department of JSC “Organization Implementing Pension Assets Investment Management “Zhetysu”/

System of pension investment is on stage of reform /proprietary info/

Pension business

Portfolios that we choose /proprietary info/

Science to send  /Anna Pavlova/

Barriers and opportunities: liberalization of investment portfolios of APF /Fatima Kuzbaeva/

Либерализация инвестирования пенсионных активов поставит перед вкладчиками проблему выбора /Н. Д./

Towards liberalization of investments /Zhuldyz Telagisova/

Here are the conditions, here is the environment /by Nikolai Limov/

“INFORM-BUREAU” TV Programme, “31 Channel”, 13.10.2006, 21:00

Today, the Agency of Financial Regulation and Monitoring of financial market has presented in Almaty new rules of functioning for pension funds. If they are adopted then responsibility for benefit and losses of contributors will be taken not by only pension funds and asset management companies, but contributors themselves as well.  /Irina Evgen’eva/

Financiers, businessmen and officials discussed topic of making profit from pension accruals of Kazakhstan citizens in Almaty. Agency of Financial Regulations proposed that it is required to transfer from listing evaluzation of securities to rating one. According to opinion of analysts, it will allow increasing efficiency of pension assets management. /A. Agibaeva/

There will be a talk about future pensions on the programme. We will speak with Mr. Dabyr Medetbekov, the president of the JSC “APF “UlarUmut” /Evgeniy Grunberg/

Answers to your questions provided by Ms. Olga Rezinkina, Director of the Northern Kazakhstan representative branch of the JSC “APF “UlarUmit”.

Second place on the pension market  /proprietary info/

According to the results of seven months of current year, calculated investment income of the accumulated pension fund “UlarUmit” is equal to 9 billion 112 million tenge /proprietary info/

CONTRIBUTIONS ARE THERE, BUT THERE IS NO PENSION

“UlarUmit” has outlined results /proprietary info/

Точка возврата  /Светлана Грибанова/

Досрочная выплата пенсии

Что в слогане твоем? /Жанна Умирзак

Строительство железной дороги идет двумя лучами /Вера Кропачева/

В первом полугодии 2006 года пенсионные активы АО «Накопительный Пенсионный Фонд «Улар Умiт» превысили сумму 138 млрд. 124 млн. тенге /Соб. инф./

Низкая средневзвешенная доходность пенсионных фондов должна вызывать озабоченность властей и стимулировать преодоление инструментального голода НПФ /Николай Дрозд/

Семипалатинский филиал «УларУмит» /Перизат Асылжан/

Курс на расширение /Айгерим Кумашева/

CLOSER TO CONTRIBUTORS “UlarUmit”

Наш капитал – доверие вкладчиков

At the last day of the first month took place opening Almatins -which regional branch JC "National pension fund "Ular-took place in Taldykorgan".

Pension assets of accumulative pension fund "ULARUMIT" increased 134 billion US dollars /proprietary info/

Пенсионный фонд “ҰларҮміт” по величине активов вышел на второе место в стране /Николай Дрозд/

Pension assets "UlarUmit" grow /proprietary info/

Accumulative pension fund "UlarUmit" took stock of the year on special press-conference. The pension assets pension of accumulative fund "UlarUmit" have increased 134 billion tenge. This had allowed the fund to leave on the second position, having outstripped its nearest rival on 1 billion 325 mln. tenge. /Tatiana Kim/

Accumulative pension fund (NPF) "UlarUmit" plans conquer 20% pension market of the republic until 2009.

Accumulative pension fund "UlarUmit" already during three years is intending to occupy 20% market on pension assets. Today in the Republic acts 14 pension funds. However, "UlarUmit" already reached border in one milliard dollars in size of pension asset.

Фонд «ҰларҮміт» вышел на вторую позицию в накопительной пенсионной системе РК /Константин Бородинов/

Competitive plays with strict rule /Svetlana Gribanova/

Auditor check to financial reporting NPF "UlarUmit" /proprietary info/

«Дальнейшее реформирование пенсионной системы требует законодательных решений»

Pension expert operation to minimize risks and maximize incomes.

Пенсионная экспертиза

Pension assets of APF reached 129 billion tenge /proprietary info/

HORIZONS of PENSION INVESTMENT MARKET

APF "ULARUMIT" reached mark of billion dollars /proprietary info/

Pension assets of "UlarUmit" reached 1 billion US dollars /proprietary info/

ВЫБОР ФОНДА - ДЕЛО ВКЛАДЧИКА

Pension assets of the fund "UlarUmit" reached 1 billion US dollars

APF "UlarUmit" has took stock of year

Totals "UlarUmit" /proprietary info/

Четверка самых доходных пенсионных фондов

Merril Lynch u JP Morgan выпустит казахстанские бумаги

Пенсионный фонд «ҰларYмiт» презентовал новую версию Интернет-сайта

Сундук старости не дремлет

Сюжет в выпуске новостей

Accumulative pension fund (NPF) "ULARUMIT" plans by the end of 2006 bring its share on Kazakhstan market pension asset short of 19%

Today undoubted remains that fact that pension accumulations - a powerful investment resource.

For one, values its labour!

Since moment of the origin of the funded pension system in Kazakhstan, the pension funds developed in condition constant competition.