Voluntary Participation (IPS) Auto Enrollment System (AES) Funds Legislation Data Center

Fund Performance Assessment System

The Fund Performance Assessment Committee (FPAC) is made up of seven members, i.e. one from the Pension Monitoring Center (PMC), and three from each of the Insurance, Reinsurance, and Pension Companies of Turkey (IAT), and the Turkish Capital Markets Association (TCMA). FPAC decisions are made by majority of votes, and presided over by the PMC representative.

Name & Last Name

Representing

Position in the Commitee

Period

Affiliated Organization

Position in the Organization

Mustafa AKMAZ

PMC

Chairman

June, 2019 – Continues

Pension Monitoring Center /PMC)

CEO

Burak SEZERCAN

TCMA

Member

September, 2021 – Continues

İş Portföy Yönetimi A.Ş.

CEO

Gökçen Yaman AKGÜN

TCMA

Member

March, 2021 – Continues

Ziraat Portföy Yönetimi A.Ş.

CEO

Alim TELCİ

TCMA

Member

March, 2022 – Continues

RE-PIE Portföy Yönetimi A.Ş.

Board Member

Ahmet KARAMAN

IAT

Member

June, 2019 – Continues

Garanti Emeklilik ve Hayat A.Ş.

Assistant General Manager

Burcu UZUNOĞLU

IAT

Member

June, 2019 – Continues

Allianz Yaşam ve Emeklilik A.Ş. Allianz Hayat ve Emeklilik A.Ş.

Cheif Investment Officer/CIO

Tuğrul GEMİCİ

IAT

Member

August, 2024 – Continues

Agesa Hayat ve Emeklilik AŞ

Director of Treasury and Fund Management

Tankut Taner ÇELİK

TCMA

Member

June, 2019 – March, 2021

Ziraat Portföy Yönetimi A.Ş.

CEO

Tevfik ERASLAN

TCMA

Member

June, 2019 – August 2021

İş Portföy Yönetimi A.Ş.

CEO

Oktay Okan ALPAY

TCMA

Member

June, 2019 – March 2022

Tacirler Portföy Yönetimi A.Ş.

CEO

Fatih BOZKURT

IAT

Member

June, 2019 – August 2024

Katılım Emeklilik ve Hayat A.Ş.

Direktor of Fund Operations, Wealth Manager and Economic Research


Click for former FPAC members.

The duties of the FPAC are summarized below:

  • Assessing and determining the comparison groups submitted by the PMC,
  • Determining the minimum number of funds to be included in each comparison group,
  • Defining a new grouping methodology for the funds that cannot be included in the comparison group, or in the event of failure to create a group due to the number of funds, or deciding on considering such funds individually without including them in a group,
  • Processing and resolving the objections of the founders of funds to decisions of the FPAC.