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Individual Pension System 2016 Progress Report
1.61.6 Intermediaries and e-BEAS* *Individual Pension
Intermediaries’ Exam
(Electronic)
Intermediaries according to the Status of License
Intermediaries Licensed Intermediaries Licensed Terminated Licenses
and Authorized for Sale but not Authorized for Sale in the year
as of year-end as of year-end
40,000
35,000
30,000
Number 25,000
20,000
15,000
10,000
5,000
0
2011 2012 2013 2014 2015 2016
G.77 Cumulative change in number of intermediaries according to their license status and number of licenses cancelled
during the year analyzed. As of 2016 year-end, a total number of 39,680 intermediaries and 37,725 intermediaries
who authorized for sale. As of 2016 year-end, a total number of 12,571 intermediaries lost their license because
they do not take complementary training. 4.6% of these interemediaries relicensed. Individual (Personal) Pension
Intermediary who is licensed and working in a pension company shown on the graph.
Distribution of Intermediaries according to Regions
No Sale, in 2015 Annual Sales Less Than 120 Contracts
Annual Sales More Than 120 Contracts Number of Average Monthly New Contracts
18,000 18 Number of Average Monthly New Contracts
16,000 16
Number of Intermediaries 14,000 14
12,000 12
10,000 10
8,000 8
6,000 6
4,000 4
2,000 2
0 Central Aegean The The Southeast 0
Marmara Anatolia Mediterranean Black Sea Anatolia East
Region Anatolia
G.78 Number of intermediaries’ licensed and authorized for sale as of 2016 year-end analyzed according to “Regions”.
The data about “Regions” for the intermediaries are gathered according to the provinces where the intermediaries
reside. Number of average monthly new contract establishment in 2016 and intermediaries’ sales status also detailed
on the graph. Despite the fact that in the year of 2016 there were 12,787 intermediaries licensed, they did not sell
contracts at all.
Individual Pension System Data 48
