Untitled Document
Staggered start to Automatic Enrollment
Demir Hayat now owned by EMF New Europe Insurance Fund
BES pension funds now as popular an investment as term bank deposits
Government's plans for our sector in 2017
Treasury reminds employers of their responsibilities under Automatic Enrollment
Takaful insurance trade association formed
Tourism crisis and coup attempt hit unemployment
Nothing's certain except death and taxes
Government rethinking their plans for mandatory private pensions
Translation of Sectoral Announcement no 2007/21
Untitled Document population premium waiver Aegon 2012 Katılım Hayat ve Emeklilik death 2023 health Islamic finance Asya Emeklilik
Untitled Document
Company news
Asya Emeklilik bullish about Islamic-finance PPP market


Asya Emeklilik was the first pensions company in the Turkish market to use Islamic-finance methods. With the launch of a second company, Katılım Hayat ve Emeklilik, in November 2013, they now have a rival. But General Manager Türker Gürsoy sees this as a benefit rather than a threat, as it will enable the interest-free finance sector in Turkey to grow further.

Asya Emeklilik markets 7 different participatory funds to its pensions customers. Later in 2014 they are planning to add a fund that invests in rental income denominated in foreign currency to their offering.

Asya Emeklilik’s continued growth has come from their bank partner.  They have certainly experienced great growth in the number of customers, for example they have the second highest number of participants in employer-sponsored schemes of any company in the market. This is as a result of a strong focus on corporate sales and supporting their bank partner’s corporate arm.

But the average contribution per participant is somewhat below market-average so they are lower in performance tables when measured on contribution amount or FUM.

Tags: bancassurance | Islamic finance | Asya Emeklilik | Katılım Hayat ve Emeklilik |
No comments have been made on this article yet..

www.turkeyinsurance.info © Marion James 2014 All rights reserved.