Stating that they will complete 2024 with the innovative products they have brought to the sector and the sustainable growth performance, Katılım Emeklilik General Manager Ayhan Sincek stated that the under-18 BES has become a milestone in the sector with the interest and trust of families. Emphasizing that the highest number of contracts in Early BES is in the zero age group, Ayhan Sincek said, “The under-1,5 BES, which has reached over 18 million contracts throughout Turkey, has started to be given to babies as a birth gift. Saving habits from an early age provide young people with great advantages in their life journeys. As Katılım Emeklilik, we will continue to grow Early BES with newborns and increase the dynamism of the sector.”
Emphasizing that they have left behind their 2024th year in the sector with 10 as Katılım Emeklilik, the pioneer company of interest-free BES and insurance, General Manager of Katılım Emeklilik Ayhan Sincek said, “As of November, the fund size of participants under the age of 18 in the sector has exceeded 25 billion liras. While over 18 million contracts were included in the system under the age of 1,5, we saw that the highest participation was at the age of zero with 140 thousand contracts. As the pioneer of the sector, we have reached over 152 thousand contracts with Early BES. In recent years, we have observed that the interest of young people and families in BES has increased. With the encouragement of families, the idea of securing the future and saving is becoming more widespread. The growth performance of BES under the age of 18 shows that BES is getting younger day by day. Growing with the energy of young people and the trust of families is also a great source of pride for us.”
Sincek, who underlined that interest-free funds have shown a strong performance in 2024, said, “When we examine the amount of participant funds within the total fund size exceeding 1,1 trillion TL in BES, we see that 306 billion TL is evaluated in interest-free funds. Especially in participation-based fund returns, the good performance compared to the conventional side makes a significant positive contribution to the increase in participation market share. We can also understand this increase from the increasing market share of participation-based funds from year to year. For example; we see that the market share of participation-based funds exceeds 26 percent.”
Interest-free and high-yield funds increased interest in early BES
Ayhan Sincek, who stated that they offer a wide range of funds for participants with different risk profiles as Katılım Emeklilik, said, “We ensure that each individual finds the most suitable solution for their investment goals. In this way, BES participants have the opportunity to earn returns above inflation. In addition, our 17 high-performance interest-free fund options are an important factor that increases families' interest in Early BES. Families can evaluate their savings in participation-based retirement funds, such as gold, foreign exchange or stocks, to secure their children's future.”
Sincek, who stated that they offered two new BES funds to their participants this year, said, “We brought together the Short-Term Lease Certificates Participation Pension Investment Fund (EYF) and Sustainability Participation EYF Fund with BES participants. As Katılım Emeklilik, we established the Sustainability Fund and signed the first participation-based sustainability fund established in the Individual Pension System (BES). Acting with a sustainable future approach, we combine our high performance targets with Environmental, Social and Corporate Governance Principles (ESG). We mainly form our fund strategy with the focus on partnership shares of companies selected in accordance with ESG criteria and domestic and foreign sustainability stock exchange investment funds. With this strategy, we aim to both provide a reasonable return to our investors and contribute to the promotion of companies that adopt sustainability principles.”
Sincek, who stated that they focused on meeting the participants’ safe and stable return targets, said, “Short-Term Lease Certificates Participation Pension Investment Fund primarily consists of public and private sector lease certificates within the framework of its investment strategy. With this fund, we aim for participants to provide a stable return with a medium risk profile. Our fund aims for long-term sustainable success with a transparent and disciplined investment approach.”
Sincek, who underlined the privileges and advantages they offer to Early BES members in addition to high-yield interest-free funds, said, “Our Early BES participants can also benefit from a 30 percent state contribution that is not available in any other investment vehicle. They can have the opportunity to start saving without paying an entrance fee at the beginning. If they wish, they can save more with interim payments. We also offer many additional services specific to different age groups in Early BES. We ensure that our Early BES children can easily access many services such as dental and eye health check-ups, play therapy, psychological and educational consultancy with packages prepared according to their ages. As Katılım Emeklilik, we also stand out by revealing our difference in the field of Under 18 BES.”
