Abstract:

Private  pension  systems  which  are  one  of  the  important  and  essential  parts  of  the  social   security   system   provide   subsistence   level   to   individuals   and   make   oneself  comfortable   in   situations   such   as   sickness,   old   age   and   accident.   Private   pension  systems,   one   the   one   hand   satisfy   social   security   needs,   one   the   other   hand  constitute   private   pension   funds   gathering   individuals’   contributions   in   a   pool.  Private   pension   funds   are   funds   managed   by   professional   portfolio   management  companies   in   order   to   benefit   to   participants   during   the   retirement   period,  gathering   in   a   pool   contributions   paid   participants   within   private   pension  companies.   Private   pension   funds   invest   portfolio   which   consists   of   cash,   bank  deposit,   participation   account,   public   bond,   corporate   bond,   treasury   bill,  commercial  bill,  repo,  reverse  repo,  stocks,  derivative  products,  warrants  and  lease  certificates.   Taxation   incentives   play   an   important   role   transferring   long   term  savings   to   economy   by   means   of   private   pension   funds.   Private   pension   funds  which  exist  in  world  for  a  long  time,  in  today  consists  of  large  part  of  savings  and  satisfies   long   term   resource   requirement   especially   in   emerging   countries.   In   our  country,  private  pension  fund  practices  have  started  from  2003  and  increased  asset  values  and  number  of  fund  growing  in  a  short  span  of  time.  Long  term  fund  flow  is  raised  to  economy  and  financial  markets  by  means  of  private  pension  funds.  In  this  way,  resource  requirement  of  public  sector,  private  sector  and  financial  markets  is  satisfied,  increase  country’s  savings,  improve  capital  markets,  increase  employment  and  as  a  result  of  all  these  the  level  of  country’s  development  increases.       Year:  2014      Volume:  1      Issue:  3     BİREYSEL  EMEKLİLİK  YATIRIM  FONLARININ  YAPISAL  BİR  ANALİZİ

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