From 7 September 2026, contributors to the Unified Accumulative Pension Fund (UAPF) will be able to transfer up to 100% of their mandatory pension savings to private investment portfolio managers for trust management. The change applies to funds accumulated through mandatory pension contributions and mandatory occupational pension contributions.
What will change
Until 7 September, the existing limit remains in place: up to 50% of mandatory pension savings can be transferred for management, while voluntary contributions may be transferred in full.
From 7 September, the limit will increase to 100%, giving contributors greater flexibility to choose an investment strategy and a management company.
How to transfer pension savings
To transfer the funds, contributors need to:
- Select a management company from the UAPF register.
- Submit an application through their personal account using an electronic digital signature (EDS) or at any UAPF branch.
Information on the returns, assets under management and investment portfolio structure of management companies is published monthly on the pension asset investment management platform.
After submitting the application, its status can be tracked through the personal account or the UAPF mobile application.
What to consider
Before making a decision, contributors should keep several points in mind:
- returns depend on the management company’s investment strategy and are not guaranteed, as is the level of risk associated with different strategies;
- the management company’s fee may not exceed 7.5% of the investment income earned;
- pension savings can be transferred back to the management of the National Bank no earlier than two years later.
At the same time, transferring savings does not mean leaving the UAPF. The fund continues to keep records of pension savings and maintain individual pension accounts regardless of who manages the assets. If a management company is removed from the register, the savings will be returned to the management of the National Bank.
