The creation of a new single pension fund in Kazakhstan is officially aimed at improving the state pension system. However, such a reform, in addition to the nationalisation of private savings funds, will concentrate most of the mandatory and voluntary pension savings in the hands of the state. Experts fear negative consequences of the reform for both savers and investors.
Creation of a single pension fund
Read more at https://en.odfoundation.eu/a/1145,kazakhstan-nationalises-pension-funds
and https://azh.kz/en/news/view/1240
and http://christophgermann.blogspot.com/2014/04/the-new-great-game-round-up-48.html