AN OVERVIEW OF VOLUNTARY PRIVATE PENSION FUNDS IN TURKEY
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Date
2021
Authors
Kayhan, Fatih
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Abstract
We provide an overview of the voluntary pension fund market in Turkey by starting with recent develop- ments in the global pension markets and then focusing on the pension fund reform in Turkey and the following developments since 2003. Findings from the literature indicate that the reforms on the introduction of volun- tary pension funds in Turkey have positive implications for the overall national savings rates and capital market development. Voluntary pension funds create extra income for beneficiaries after their retirement. However, re- designing the system in a simplified structure is necessary in order to increase participation, inclusion and also to ensure persistency.
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0
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N/A
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Source
Finansal Araştırmalar ve Çalışmalar Dergisi
Volume
13
Issue
25
Start Page
586
End Page
607