"Last year, investment income from UNPF pension assets under the trust management of the National Bank reached T3.4 trillion. Without adjusting for inflation, this was 2.1 times more than in 2023," the FCB said in a message on its Telegram channel.
The return on USPF pension assets under the management of the NB in 2024 was 17.84% with inflation at 8.6%. One indicator exceeded the other by 2.1 times.
The return has been growing for the second year in a row. It is noted that the current level, not adjusted for price increases, is the highest in the last seven years.
The investment income structure was as follows: half came from securities remuneration – T1.6 trillion, another third or T1 trillion was brought in by external management, currency revaluation provided 17% or T578 billion, securities revaluation – 6% or T201 billion.
The tenge deflation had an important impact on the growth of the indicator: a year earlier, currency revaluation led to a loss of T38 billion. According to the information, external management also played a significant role in the overall dynamics – over the year, income from it jumped by T901.5 billion or 7.5 times.
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