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Insurance shares fall in Istanbul as Turkiye cuts private pension support rate to 20%
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Insurance shares fall in Istanbul as Turkiye cuts private pension support rate to 20%
Insurance shares listed on Türkiye’s stock exchange, Borsa Istanbul, fell on Wednesday as the overall market extended its record-breaking run, following the decision to set the state contribution rate for Turkish lira payments into individual private pension accounts at 20%. While the benchmark BIST 100 index reached a new all-time high above the 12,100 level, insurance stocks were among the biggest losers in early trading. The insurance sub-ind…
The government contribution to the Private Pension System (BES) has been reduced. The change, signed by President Recep Tayyip Erdoğan, came into effect on January 1, 2026. So, what is the government contribution percentage in BES in 2026?
·Beyoğlu, Türkiye
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