Page 7 - Turkinsurance Digital Magazine

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Katılım Emeklilik has increased its fund size by 85%

Katılım Emeklilik continues its stable our participants. Moreover, through
growth strategy in the final quarter of our field activities, we have the
the year. As of September, the total fund opportunity to listen to participants’
size in Katılım Emeklilik’s Individual needs firsthand and address them
Pension System (BES) has increased accordingly.”
by 85% compared to the beginning of
the year, reaching 30 billion TL. Ayhan Sincek, stating that they provide BES
Sincek, General Manager of Katılım participants with the opportunity to
Emeklilik, stated, “As we leave our earn returns above inflation through
10th year behind, thanks to the interest participation-based funds such as gold,
and trust of our participants, we foreign currency, and stocks, said,
continue to increase our fund size and “With our 17 individual pension funds,
market share.” Sincek also reminded we stand out as the company offering
that the opportunity to maximize the most fund options among pension
the 30% state contribution for BES companies providing interest-free
participants whose total contribution individual pension plans. Especially
payments are below the set limit will this year, our sustainability-themed
remain valid until the end of the year. interest-free pension fund, along with
our short-term investment perspective Katılım Emeklilik is also leading the
Ayhan Sincek, General Manager of pension fund, are of great importance digital transformation of the sector
Katılım Emeklilik, stated that the as the first funds in the interest-
company continues to maintain its free pension field. Additionally, our Sincek, emphasizing Katılım
leadership in its field with participation- dividend-paying stock fund and the Emeklilik’s significant contribution
based, interest-free fund options precious metals fund, which includes to the sector’s digital transformation,
and innovative products. He added, a certain share of silver, are receiving stated, “With our Mobile Fund
“Thanks to the interest and trust of our great interest from our participants.” Assistant project, we have introduced
participants, we continue to increase a remarkable innovation in the field of
our fund size and market share. As of In BES, there is an unbeatable state digital transformation. This AI-based
September, in the Individual Pension contribution opportunity smart assistant helps our participants
System, we have reached a fund size of manage their savings in the most
30 billion TL, with an 85% increase As the end of the year approaches, efficient way. Before making an
since the beginning of the year. As Ayhan Sincek made an important investment, users fill out a risk profile
we leave our 10th year in the sector reminder to BES participants, survey to gather information about
behind, we are the company offering emphasizing the need to reassess their their personal preferences. Based on
the most fund options among those contribution payments in order to fully this data, the Fund Assistant offers
providing interest-free individual benefit from the state contribution. personalized savings suggestions,
pension services, with 17 interest-free Sincek stated, “In the Individual helping participants increase their
fund options, making us a key player in Pension System (BES), the upper returns. This experience, tailored to
the BES. With our strong distribution limit for the 30% state contribution is participants’ risk preferences, allows
channels, integration infrastructure, determined according to the minimum them to make more informed and
innovative products, and customer wage. This limit cannot exceed 30% effective investment decisions. The
satisfaction-focused approach, we will of the total annual gross minimum Fund Assistant develops customized
continue to enhance our competitive wage. For participants whose total savings strategies for participants,
strength in the market.” contribution payment in 2024 is below providing regular updates. Through the
the specified limit, the opportunity app, users can view performance graphs
Ayhan Sincek, emphasizing that BES to fully benefit from the 30% state of funds over specific time periods and
has become one of the most preferred contribution remains valid until the risk analysis reports, allowing them to
savings instruments, stated, “We have end of the year.” The state contribution examine their investment portfolios
achieved strong growth in interest-free entitlement granted each year is limited in detail. Additionally, participants
funds, which have garnered significant to that year. Therefore, we recommend have the opportunity to track the
interest from citizens seeking to participants who have the opportunity current returns of their selected funds
generate income from different to deposit the remaining contribution in real time. This allows them to
savings options. As Katılım Emeklilik, difference by the end of the year. If make investment decisions based on a
we offer various participation-based individual pension payments reach data-driven approach, enabling more
pension plans both in voluntary BES at least 240,030 TL during 2024, informed and strategic steps. With
and automatic enrollment systems. participants will be able to benefit from our Fund Assistant app, we provide a
With our nationwide network of agents the maximum 30% state contribution, powerful tool that supports participants
and brokers, as well as our innovative which is up to 72,009 TL. in achieving their financial goals.”
product portfolio, we are by the side of