Karagusova Gulzhan Biography

Photo: Parlam. The National Bank, together with the government, is studying the possibility of introducing a “hybrid system” of pension assets management, which provides for the possibility of granting the investor the right to participate in the management of his pension assets. This was stated by Deputy Chairman of the National Bank Oleg Smolyakov. The question of pension savings rose in the Mazhilis when discussing amendments to the legislation aimed at creating a new agency for regulating and developing financial markets.

The chairman of the Mazhilis Committee on Finance and the Budget Gulzhan Karagusova said that she had “big questions” for pension savings. The famous Kazakhstani financier spoke about this and much more in the course of from but there is the accumulation of my children.

And if the national fund is the money of taxpayers, and only one sector is raw materials, then here we are dealing with personal savings of citizens. Where the state acts as a guarantor not just to save, but to increase these savings in order to receive all his savings at the time of retirement and, at least, that the investment income is not lower than the total inflation for all years of accumulation.

I have a fear, ”Karagusova admitted. These fears are due to the fact that decisions on management in relation to both the National Fund and the pension funds of citizens are made by the same structure. Whereas the functional tasks of these funds are different. The deputy suggested that in a certain period, “mixing” of tasks and funds of pension funds may be invested in some areas without proper risk assessment.

But you know that for several years there has been a discussion on the possibility of introducing a certain hybrid system, with elements that existed earlier - when there is the opportunity to independently choose a fund and take part in the management of funds. At the moment, the details of this design are discussed with the government, and as soon as they are developed, obviously legislative amendments will follow.

I think that together with the government we will answer this question a little later, ”said Smolyakov. Later, in an interview with journalists, he specified that various options are being discussed, but the final decisions have not yet been made. According to him, the introduction of the relevant bill to consideration of parliament is possible no earlier than the fall of the year.