Untitled Document
Staggered start to Automatic Enrollment
Demir Hayat now owned by EMF New Europe Insurance Fund
Government's plans for our sector in 2017
BES pension funds now as popular an investment as term bank deposits
Treasury reminds employers of their responsibilities under Automatic Enrollment
Tourism crisis and coup attempt hit unemployment
Takaful insurance trade association formed
Nothing's certain except death and taxes
Government rethinking their plans for mandatory private pensions
Translation of Sectoral Announcement no 2007/21
Untitled Document population premium waiver Aegon 2012 Katılım Hayat ve Emeklilik death 2023 health Islamic finance Asya Emeklilik
Untitled Document
Statistics
 
Pension Funds head towards 7 billion TL

14/04/2009

Statistics published by the EGM (Pensions Monitoring Centre) show that in the BES pensions system in Turkey is heading towards another psychological barrier.

The number of participants broke through the 1.75 million limit in January 2009, and now total Funds Under Management are rapidly approaching 7 billion TL.

At 3 April 2009 total FUM in the BES system amounted to 6,949 million TL.

Progress since the start of the calendar year shows that the BES system is bucking the current crisis:

 

  02.01.09 30.01.09 27.02.09 31.03.09
Participants in the system 1.747.086 1.754.778 1.761.998 1.784.260
Retirees 374 421 511 611
Funds under management '000 TL 6.405.294 6.552.129 6.619.290 6.878.378

 

Click here for some commentary on the performance of individual companies.

 

Tags: BES | FUM |
Comments
No comments have been made on this article yet..
 

www.turkeyinsurance.info © Marion James 2014 All rights reserved.