5 January 2017
Client Alert | Turkey | Insurance
As the date of the entry into force of new pension auto-enrolment system approaches, three amending regulations and two sector announcements were published by the Undersecretariat of Treasury ("Treasury") last week:
According to the above secondary legislation focusing on the auto-enrolment system, clarifications have been made as to the requirements regarding the pension agreements, state contribution amounts and allowance times, nature of the pension investment funds and the requirements for the operations concerning the pension investment funds.
Please click on the PDF below to find out more about the notable changes brought about by these new pieces of legislation.