• Pension Funds

    Garanti BBVA Asset Management

Pension Funds

The Private Pension System is a private pension system that enables individuals to obtain an income that allows them to maintain their living standards during their retirement by directing the savings they make during their active working life into long-term investments. By participating in this system voluntarily or through their employers, individuals create an additional income to the retirement income provided by the social security system.

 

As Garanti BBVA Asset Management, we provide our investors with a strong and sustainable performance in Pension Mutual Funds, enabling them to use professional management opportunities in their long-term savings.

 

Pension Mutual Funds enable you to evaluate your savings in the medium-long term according to your investment preferences and return expectations. Our funds, which direct your savings, are managed by a professional portfolio management staff with many years of experience in the sector.

 

Pension funds under management 

Garanti BBVA Emeklilik

GHA - Garanti Emeklilik Ve Hayat Gold Participation Pension Mutual Fund

GCV - Garanti Emeklilik Ve Hayat Initial Pension Mutual Fund

GDV - Garanti Emeklilik Ve Hayat Initial Participation Pension Mutual Fund

GEK - Garanti Emeklilik Ve Hayat Borrowing Instruments Pension Mutual Fund

GHF - Garanti Emeklilik Ve Hayat Borrowing Instruments Group Pension Mutual Fund

GEU - Garanti Emeklilik Ve Hayat Flexible Pension Mutual Fund

GHG - Garanti Emeklilik Ve Hayat External Debt Instruments Pension Mutual Fund

GHK - Garanti Emeklilik Ve Hayat External Debt Instruments Group Pension Mutual Fund

GHE - Garanti Emeklilik Ve Hayat Dynamic Flexible Pension Mutual Fund

GEF - Garanti Emeklilik Ve Hayat Dynamic Flexible Group Pension Mutual Fund

GEH - Garanti Emeklilik Ve Hayat Equity Pension Mutual Fund

GEA - Garanti Emeklilik Ve Hayat Participation Flexible Pension Mutual Fund

GHL - Garanti Emeklilik Ve Hayat Participation Contribution Pension Mutual Fund

GES - Garanti Emeklilik Ve Hayat Participation Standard Pension Mutual Fund

GHI - Garanti Emeklilik Ve Hayat Contribution Pension Mutual Fund

GHT - Garanti Emeklilik Ve Hayat Absolute Return Targeted Flexible Pension Mutual Fund

GHJ - Garanti Emeklilik Ve Hayat AES Aggressive Flexible Pension Mutual Fund

GHU - Garanti Emeklilik Ve Hayat AES Participation Aggressive Flexible Pension Mutual Fund

GHN - Garanti Emeklilik Ve Hayat AES Balanced Flexible Pension Mutual Fund

GHV - Garanti Emeklilik Ve Hayat AES Balanced Participation Flexible Pension Mutual Fund

GHM - Garanti Emeklilik Ve Hayat AES Dynamic Flexible Pension Mutual Fund

GHY - Garanti Emeklilik Ve Hayat AES Dynamic Participation Flexible Pension Mutual Fund

GCK - Garanti Emeklilik Ve Hayat AES Participation Standard Pension Mutual Fund

GCS - Garanti Emeklilik Ve Hayat AES Standard Pension Mutual Fund

GHP - Garanti Emeklilik Ve Hayat AES Conservative Flexible Pension Mutual Fund

GHZ - Garanti Emeklilik Ve Hayat AES Conservative Participation Flexible Pension Mutual Fund

GEL - Garanti Emeklilik Ve Hayat Money Market Pension Mutual Fund

GHD - Garanti Emeklilik Ve Hayat Standard Pension Mutual Fund

GHH - Garanti Emeklilik Ve Hayat Sustainability Equity Pension Mutual Fund

GED - Garanti Emeklilik Ve Hayat Dividend Paying Companies Equity Pension Mutual Fund

GHO - Garanti Emeklilik Ve Hayat Third Flexible Pension Mutual Fund

GEG - Garanti Emeklilik Ve Hayat Equity Group Pension Mutual Fund

GCN - Garanti Emeklilik ve Hayat Metaverse and New Technologies Equity Pension Mutual Fund

GCT - Garanti Emeklilik ve Hayat First Fund of Funds Pension Mutual Fund

GCY - Garanti Emeklilik ve Hayat Mixed Pension Mutual Fund

GKB - Garanti Emeklilik ve Hayat Lease Certificates Participation Pension Mutual Fund

Türkiye Hayat Emeklilik

VGT - Türkiye Hayat ve Emeklilik Pera 2 Variable Group Pension Mutual Fund

MetLife Emeklilik

MHS - MetLife Emeklilik ve Hayat Participation Standard Pension Mutual Fund

MHI - MetLife Emeklilik ve Hayat AES Participation Standard Pension Mutual Fund

MHU - MetLife Emeklilik ve Hayat AES Attack Participation Variable Pension Mutual Fund

MHV - MetLife Emeklilik ve Hayat AES Aggressive Participation Variable Pension Mutual Fund

Allianz Emeklilik

AMF - Allianz Yaşam ve Emeklilik Contribution Pension Fund

FYY - Allianz Yaşam ve Emeklilik Participation Contribution Pension Fund

Investor Guide

The Private Pension System (“BES”) is a private pension system that enables individuals to obtain an income that allows them to maintain their living standards during their retirement by directing their savings during their active working life into long-term investments. By participating in this system voluntarily, individuals create an additional income to the retirement income provided by the social security system. Click here for detailed information.

Anyone can join the Private Pension System. With the new regulation, the age limit for participation in retirement has been abolished, and children under the age of 18 can also join the Private Pension System with the approval of their parents. It does not matter whether you are a member of SGK or not.

The participant is entitled to retirement after completing the age of 56, provided that he/she has been in the system for at least ten years from the date of entry to the system. Click here for detailed information.

In the Private Pension System, the amount corresponding to 30% of the contributions you pay to your individual pension account is paid into your state contribution account as a government contribution. The amount of government contribution a participant can receive is 30% of the gross minimum wage for the relevant year. Those who stay in the system for at least 3 years receive 15% of the government contribution and returns, 35% of those who stay for at least 6 years, 60% who stay in the system for at least 10 years, and 100% of those who fulfill the age requirement of 56 after staying in the system for 10 years will qualify. Click here for detailed information.

Your pension company offers you a pension plan that fits your retirement expectations, income level and age. You decide in which funds your contributions will be evaluated. If you do not choose any funds, your contributions will be invested in funds defined in the legislation. Click here for detailed information.

You can change your fund distribution 12 times a year. Click here for detailed information.

The contributions you deposit to the BES for your retirement and the state contribution amounts up to 30% of the contribution amount are valued in separate funds. While the contributions you deposit are invested in the funds you choose, the state contribution amounts are managed in a fund that includes the state contributions of all participants.

As of 01.01.2017 with the Automatic BES period starting; public and private sector employees under the age of 45 are automatically included in the system by their employers, regardless of their existing private pension contracts. As of 22.01.2022; public and private sector employees over the age of 45 can be included in the Auto Enrollment System upon request. There is no employer contribution in Automatic BES; however, the 30% state contribution is also valid in this system. In the current private pension system, the highest state contribution a person can receive, regardless of the number of contracts, is limited to 30% of the annual minimum gross wage. In Automatic BES, the state contribution limit of the new contract is evaluated only within the scope of this contract. In other words, even if employees have existing individual pension contracts, the amount of state contribution they receive from their contracts in the new system is not affected by this. Thus, state subsidies are received separately from both the Automatic BES contract and the existing private pension contracts, and the state contribution advantage of the system is benefited more. Click here for detailed information.