Head of National Bank speaks of losses of pension funds

ASTANA. March 19. KAZINFORM In the course of an online conference at forum.profinance.kz website with Internet users on Tuesday, head of the National Bank of Kazakhstan Grigory Marchenko was speaking about the future of losses of pension funds after they would be merged into the Single National Pension Fund.

"As for the losses of the local pension funds, they will not be redistributed until the actual moment of merger. After all pension funds are merged into the single one, the losses as well as profits will depend on the investment activity of the Single National Pension Fund," Mr. Marchenko noted.