Page 44 - BES2016_ING

Individual Pension System 2016 Progress Report

Cumulative Change in Fees according to Fee Types

Administrative Expenses Fee Fund Management Fee Entrance Fee (Paid at Entrance) 60%
Entrance Fee (Paid at Termination) Administrative Expenses Fee
8%
6,750 18% 12%
6,500
6,250 58% 2%
6,000
5,750 20% 9%
5,500
5,250 2% 12%
5,000
4,750 56%
4,500
4,250 22% 9%
4,000
3,750 54% 1%12%
3,500
3,250 24% 9%
3,000
2,750 52% 1%12%
2,500
Amount (TL Million) 2,250 27% 8%
2,000
1,750 49% 0%13%
1,500
1,250 28% 9%
1,000
45% 1%13%
750
500 30% 11%
250
41% 1%13%
0
32% 12%

38% 1%14%

35% 14%

35% 1%12%

30% 38%
16%

1%
10%

41% 19%

1%
8%

G.66
30.04.2004
31.08.2004
31.12.2004
30.04.2005
31.08.2005
31.12.2005
30.04.2006
31.08.2006
31.12.2006
30.04.2007
31.08.2007
31.12.2007
30.04.2008
31.08.2008
31.12.2008
30.04.2009
31.08.2009
31.12.2009
30.04.2010
31.08.2010
31.12.2010
30.04.2011
31.08.2011
31.12.2011
30.04.2012
31.08.2012
31.12.2012
30.04.2013
31.08.2013
31.12.2013
30.04.2014
31.08.2014
31.12.2014
30.04.2015
31.08.2015
31.12.2015
30.04.2016
31.08.2016
31.12.2016
Distribution of fees (TL Million 6,543) deducted from the contracts are analyzed according to “Fee Type” as of 2016
year-end. The pie charts illustrate cumulative distribution of fee types as of year-ends.

*Additional administrative expenses fee in the case of contribution holiday

Change in Administrative Expenses Fee Ratio

Ratio of Administrative Expenses Fee in the Related Month Ratio of Cumulative Administrative Expenses Fee

Ratio of Cumulative Administrative Expenses Fee for the Related Year

6.0

5.0Administrative Expenses Fee (%)

4.0 31.12.2003
30.04.2004
31.08.2004
31.12.2004
30.04.2005
31.08.2005
31.12.2005
30.04.2006
31.08.2006
31.12.2006
30.04.2007
31.08.2007
31.12.2007
30.04.2008
31.08.2008
31.12.2008
30.04.2009
31.08.2009
31.12.2009
30.04.2010
31.08.2010
31.12.2010
30.04.2011
31.08.2011
31.12.2011
30.04.2012
31.08.2012
31.12.2012
30.04.2013
31.08.2013
31.12.2013
30.04.2014
31.08.2014
31.12.2014
30.04.2015
31.08.2015
31.12.2015
30.04.2016
31.08.2016
31.12.2016
3.0 2

2.0

1.0 1

0.0

G.67 The graph shows the administrative expenses fee for contracts, deducted off all the payments except the transferred
amounts as of 2016 year-end. Ratio of cumulative administrative expenses fee is calculated as 1.89% for whole, 2.26%
for individual pension contracts, 0.75% for group individual contracts and 0.20% for noncontributory group contracts
as of 2016 year-end.
1- “Regulations on Individual Pension System” that published on November 9, 2012, and through this regulation from 1
January 2013, the maximum rate of administrative expenses fee modified as 2%.
2- The administrative expenses fee for contracts can be deducted off the regular payments or accumulated fund
amount. In addition, additional administrative expenses fee can be deducted from the participants’ fund amount during
contribution holiday. But these additional administrative expenses fee amounts are not included in the graph.

Individual Pension System Data 42