Kazakhstan’s Agency for Regulation and Development of the Financial Market has adopted a resolution allowing investment portfolio managers to offer contributors conservative, moderate, and aggressive portfolios based on their time horizon to retirement.
The conservative portfolio is available to all contributors. The moderate portfolio is designed for citizens who are more than three years away from retirement, while the aggressive one is for those with more than 13 years until retirement.
Contributors will be able to split their savings across multiple asset managers or among different portfolios with a single manager.