Managing companies in Kazakhstan will soon be able to invest up to 80% of Kazakhstanis’ pension savings in foreign-currency assets.
Starting Jan. 1, 2026, the Agency for Regulation and Development of the Financial Market (ARDFM) will introduce new limits on pension investments in instruments denominated in foreign currency. Currently, such investments are capped at 60% of total asset value.
The new limits are as follows:
- Up to 30% of pension assets for all contributors, regardless of retirement age, with a minimum return calculated over one year.
- Up to 60% of pension assets for contributors who are more than three years away from retirement, with a minimum return measured over 36 months.
- Up to 80% of pension assets for contributors more than 13 years from retirement, with returns calculated over 60 months.
Notably, as of Nov. 1, pension savings in Kazakhstan totaled more than 25.8 trillion tenge (about $50.3 billion), a 19.8% increase year-on-year.
