Turkey Archives - Page 2 of 2 - Pension Policy International

23FebFebruary 23, 2019

Pension Funds with Automatic Enrollment Schemes: Lessons for Emerging Economies

By Heinz P. Rudolph (The World Bank) Since the introduction of the KiwiSaver scheme in New Zealand in 2006, several countries have implemented, or are in the process of implementing, voluntary funded pension systems with automatic enrollment features. Since most of the literature has focused on countries with the common law tradition, including the United Kingdom and the United States, this note analyzes cases of countries with the civil code tradition, including Turkey, Poland, the Russian Federation, Chile, Brazil, and...

February 23, 2019

Articles, Pension design, System Sustainability2019, Brazil, Canada, Chile, Coverage, Management, New Zealand, Poland, Russia, Turkey

28SepSeptember 28, 2018

Diversification Power of Real Estate Market Securities: The Role of Financial Crisis and Dividend Policy

By Metin Ilbasmis (University of Aberdeen) Marc Gronwald (University of Aberdeen; CESifo (Center for Economic Studies and Ifo Institute)) Zhao Yuan Jun (Donghua University) This paper investigates dynamic conditional correlations between stock and REIT markets in both Turkey and the U.S. We use an Asymmetric DCC - GJR - GARCH model to estimate the dynamic conditional correlation at daily, weekly, and monthly frequencies. Our contribution is threefold. First, we find a that downward trend in the daily conditional correlation in...

September 28, 2018

Articles, Investing2018, Investing, Turkey, US

06SepSeptember 6, 2018

What are the retirement ages around the world?

Retirement ages, or the age when some sort of government pension can be received, varies around the world. The OECD average for a normal pension age is currently 64.3 years for men and 63.7 years for women. While life expectancy has risen in many countries and governments grapple with ageing populations, any attempts to make people wait longer to collect benefits are usually met with fierce opposition, as Russia and Australia found out recently. Read more sbs

September 6, 2018

News, Slider2018, Australia, China, Iceland, India, Libya, Norway, Russia, Turkey, UAE, UK, US

22JanJanuary 22, 2018

Macroeconomic Implications of Changes in Social Security Rules

By Bilal Bagis (Bingol University; Istanbul 29 Mayis University Department of Economics) The Turkish social insurance system has been feverishly debated for years, particularly through its burden on the economy. The most recent reform is an attempt to neutralize the deterioration within the social security system and its effects on the economy. After the recent reform, ‘the way that retirement benefits are calculated’ is changed unfavorably for workers and the minimum age for retirement is increased. In particular, for an...

January 22, 2018

Articles, Slider-Left, System Sustainability2018, Political economy, Public Policy, Regulation, Turkey

16NovNovember 16, 2017

There’s A Big Shake Up Coming to Turkey’s Pension Industry

A looming shake up of Turkey’s pension savings industry that the government says is aimed at increasing competition and improving returns has some money managers fretting the steps will backfire as reduced fees erode service levels. Starting Jan. 1, Turkey’s 50 asset managers, which are permitted to oversee 100 percent of any pension fund company’s portfolio, will see that proportion slashed to 40 percent. Allianz AG and Aviva Plc are among 18 private pension companies who as of Nov. 3...

November 16, 2017

News, SliderTurkey

14JunJune 14, 2017

Turkey. Automatic enrolment in private pension plans system

Introduction A long-awaited legal arrangement on employees' automatic enrollment in private pension plans by their employers was introduced into Turkish law by way of an amendment law published on August 25 2016. The amendment law adds new provisions to the Private Pension Savings and Investment System Act 2001. Accordingly, employees (including public officials) under the age of 45 will be enrolled in a private pension plan with a pension agreement between the employer and a pension company, which is executed under...

June 14, 2017

NewsTurkey

February 2019

Pension Funds with Automatic Enrollment Schemes: Lessons for Emerging Economies

September 2018

Diversification Power of Real Estate Market Securities: The Role of Financial Crisis and Dividend Policy

What are the retirement ages around the world?

January 2018

Macroeconomic Implications of Changes in Social Security Rules

November 2017

There’s A Big Shake Up Coming to Turkey’s Pension Industry

June 2017

Turkey. Automatic enrolment in private pension plans system