How to use the funds of Single Accumulative Pension Fund?

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Prime Minister of Kazakhstan Karim Masimov suggested joint search of options for investing pension savings

We need consolidated proposals on the use of the funds of the Single Accumulative Pension Fund. This proposal was made today during the III Congress of the National Chamber of entrepreneurs "Atameken" by the Prime Minister of Kazakhstan Karim Masimov.

"You have expressed your points of views on the use of pension fund money, there is such a possibility. Perhaps we can approach this issue from the different angle, I personally think that the market use is always better than the administrative. Unfortunately, we are now applying an administrative, although it is not our money, it's the money of depositors, our pensioners", - said Karim Massimov.

"I also would like to hear your point of view, how it will work. We want to listen to the point of view of the head of the pension fund, to understand how the money is used, as it was before, and how it will be and with a consolidated opinion we could approach the Head of the State, and he could make a decision", - added the Prime Minister.

Zhanar Serdalina