Page 23 - Turkinsurance Digital Magazine

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At the end of the fourth quarter,

BES gains nearly 5 million

participants via Auto-Enrollment

At the end of the last quarter of 2018, total number of Individual
Pension System reached 6 million 875 thousand. 4 million
990 thousand of those participants joined the system via auto-
enrollment. During 2018, total fund size of Individual Pension

System reached 14 million 504 million USD, 871 million
210 thousand USD of which was gained from auto-enrollment
participants

According to the statistics by the Pension Mon- tracts at the end of 2018. Total invested amount
itoring Center (E.G.M) as of 28.12.2018, total reflected in the results as 10 billion 873 million
number of participants in BES decreased by USD. (USD/TL parity 28.12.2018=5.2783;
0.68 percent over the same period of last year, 31.12.2017=3.7843)
standing at 6 million 875 thousand people at the
end of the last quarter. On the other hand, num- “Ziraat Hayat ve Emeklilik maintained its
ber of people who joined the system via auto-en- leadership position with 912 thousand 197
rollment increased by 46.1 percent; reaching 4 auto-enrollment participants”
million 990 thousand people.
At the end of the final quarter of 2018, Garanti
At the end of the final quarter, total fund size Emeklilik ve Hayat closed the term as the lead-
of BES grew by 13.12 percent, up to 14 billion er company with 1 million 150 thousand par-
504 million USD; while fund size of participants ticipants in total and a market share of 16.73
gained via auto-enrollment increased by 156 percent. Anadolu Hayat Emeklilik followed very
percent and reached 339 million 705 thousand closely with 1 million 113 thousand participants
USD. and a market share of 16.20 percent. AvivaSa
Emeklilik ve Hayat ranked third with market
Total amount of contributions obtained from all share of 12.14 percent and 834 thousand 701
participants in BES stood at 11 billion 43 million participants.
USD, with 8 million 155 thousand pension con-