Kazakhstan Sees Record Pension Fund Transfers to Private Managers

In September, Kazakhstan citizens transferred a record 58.3 billion tenge of pension savings from the UAPF to private investment companies. This represents a fivefold increase from August, with over 39,000 transactions. The surge follows rule changes allowing depositors to transfer up to 100% of their mandatory contributions to investment portfolio managers since early September.

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Headline and summary written by daryo. The full report belongs to Kursiv.