A panel meeting under the title of “Future of Finance: Retirement Savings” were arranged by collaboration of Insurance Association of Turkey and CFA Society of Istanbul at İstanbul Sabancı Center on 28 January 2014. Professor of Finance at the Leavey School of Business, Santa Clara University, Meir Statman, who consults about behavioral finance to the financial advisors and Executive Sponsor Future of Finance Project of CFA Institute, Ashvin Vibhakar were the panelists. After the opening speech made by President of CFA Society Istanbul, Member of the Board of Insurance Association of Turkey, Meral Eredenk, discussed the development of private pension system and saving gaps in Turkey. Mentioning the lack of gualified financial advisors and product range, Eredenk said private pension system has a promising future as long as the mutual trust will continue. Eredenk, added, “Through new regulations and improvements in finance, the total amount of paticipant’s funds will reach to 250 billion TL in the future.”
Eredenk: The success of Private Pension System in Turkey is driven by trust
