Page 12 - BES2016_ING

Individual Pension System 2016 Progress Report

1.1 General Overview

Participants 2016 Year-End As of the end of 2016, 7,789,431
Pension Mutual Funds (TL) contracts are in force.
State Contribution Funds (TL) 6,627,025 The number of participants has grown
Intermediaries 53,409,391,715 around 10% and exceeded 6.6 million
Pension Companies when compared to the end of the last
7,438,179,620 year. At the same period the total net
39,680 asset value of the funds have been
18 increased 24% and closing TL 53.4
billion.
As compared to last year the state
contribution funds increased at a
great rate of 48%.

Distribution of Contributions according to Contracts’ Establishment Reason (TL)

G.1 New Entry to Transfer of As of 2016 year-end, distribution of
the System Accumulations in Life total amount of contributions for the
TL 43,710,842,957 contracts in force is analyzed according
98.5% Insurance to the to establishment reason of the contracts.
Individual Pension
*These include funds from associations,
System foundations, provident funds and other
TL 127,726,192 organizations with retirement provisions.

0.3%

Transfer of
Accumulations in
Provident Funds to the
Individual Pension System *

TL 525,386,442
1.2%

Development of “Number of Contracts” and “Amount of Contributions”, in 2016

Number of Contracts Total Amount of Contributions (TL Million)

8,000 45,000

Number (Thousand) 7,750 42,500

7,500 40,000 TL Million

7,250 37,500

7,000 31.01.2016 35,000
29.02.2016
G.2 31.03.2016
30.04.2016
31.05.2016
30.06.2016
31.07.2016
31.08.2016
30.09.2016
31.10.2016
30.11.2016
31.12.2016

Development of “Number of Contracts” and “Amount of Contributions”, in 2016.

Individual Pension System Data 10