Untitled Document
Translation of Sectoral Announcement no 2007/21
Translation of Chain-Ladder Method Circular
Translation of General Conditions for Loan Insurance
There's no such thing as a free lunch or a free assistance rider!
Rent protection
Translation of Amendment to Life Regulations
Life Insurance Statistics - Haymer Guidelines for Completion of Tables
Islamic Finance Pension Product Launched
Whose fault? 2011 returns below inflation
Actuarial exam syllabus for 2012
Untitled Document population premium waiver 2012 Aegon Katılım Hayat ve Emeklilik death 2023 Islamic finance health Asya Emeklilik
Untitled Document
Pension Funds head towards 7 billion TL


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 |
No comments have been made on this article yet..

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