Private pension plan from Fibaemeklilik for Galatasaray fans

Galatasaray fans can have the Galatasaray Pension Plan without paying an entrance fee with a contribution starting from 100 TL per month. Galatasaray Pension Plan not only brings income to the club, but also saves Galatasaray fans. With the regulation regarding the inclusion of under 18s in the PPS, young fans will also be included in the plan.

 

Fibaemeklilik and Galatasaray Sports Club joined forces for a private pension plan for Galatasaray fans. Galatasaray Emeklilik, the first private pension plan for a sports club, not only enables the fans to save money, but also brings them income to the club. For the Galatasaray Pension Plan, which is owned with a contribution starting from 100 TL per month, no advance entrance fee is charged from Galatasaray members. Fiba Emeklilik ve Hayat A.Ş., which was established by Fibaemeklilik specifically for the plan. Galatasaray Re-Pie Portfolio Variable Pension Investment Fund is managed by Re-Pie Portfolio Management.

 

Erol Öztürkoğlu, General Manager of Fibaemeklilik, emphasizing that they are proud to create a special plan for Galatasaray fans by breaking new ground in the private pension sector, said:

 

As Fibaemeklilik, we care about designing products that consider the needs and priorities of different groups. When it comes to fans, we know that individuals think about their club as much as themselves, and sometimes even more. In this context, we signed a very good cooperation with Galatasaray Sports Club, one of the biggest clubs in our country, and prepared the Galatasaray Pension Plan by establishing a special fund. PPS is very important in terms of increasing individual savings and being comfortable during retirement, but sometimes extra motivation may be needed to be included in the system. With the Galatasaray Pension Plan, we will provide this motivation to the people of Galatasaray. Galatasaray fans will both live like lions in retirement and support their club.

 

Mentioning that PPS is a very profitable system in the long run, Öztürkoğlu said: When we look at 2020, we see that it has been a very good year in terms of the return of pension funds. The average return of the funds reached 27 percent, in other words, it provided a return 12 percentage points above inflation. In addition to these benefits, our citizens in the system also benefited from the 25 percent state contribution. Fans, who are included in the Galatasaray Pension Plan, will also benefit from all these advantages.

 

Young fans will also benefit from PPS

 

Öztürkoğlu stated that young fans can also be included in the Galatasaray Pension Plan with the regulation regarding the entry of under 18s to the PPS.

 

The opening of the BES path under the age of 18 is a very important development for our sector. We aim to include as many participants as possible in the system. In this context, we believe that the children and youth of Galatasaray, who wholeheartedly support their team in matches by taking over the flag from their families, will continue this support with BES, with the guidance of their families. We invite supporters who make retirement plans for themselves to consider the future of their children. With the inclusion of young fans, we expect more fans to join the Galatasaray Pension Plan.

 

“We are carrying out a project that will set an example for many clubs in Turkey and around the world”

 

Galatasaray Sports Club Vice President Yusuf Günay emphasized that they are happy to design a special retirement plan for Galatasaray fans by joining forces with Fibaemeklilik and said:

 

Today, we are experiencing the justified pride and happiness of realizing a very important project for our country, the Turkish sports community and Galatasaray. As the team of the "firsts" and "the bests", our Club is putting its signature under a project that will set an example for many clubs in Turkey and the world by realizing Turkey's first "Fan Pension Plan" project, which we have been working on for almost 2 years. This important project, which we can define as a vision project; by combining capital markets, fan loyalty and retirement savings under one roof, it opens an alternative, long-term and sustainable income for our club. Considering the fact that the size of pension funds worldwide has reached 50 trillion dollars and the pension fund volume exceeding 170 billion TL and constantly growing, together with the 25% state contribution offered in our country since 2013, Galatasaray Pension Plan is a project that will have many benefits in the long run. When our fans are included in the Galatasaray Pension Plan, they will be able to use it in the fund specially set up for the plan, and while they win, our club will also make long-term profits. This project is a project where unity and solidarity, sharing economy and savings intersect. I wish that our fund, which will grow with the favor of all our managers, technical committees and athletes, especially our fans, will be beneficial to the Galatasaray community.

 

 

“Galatasaray Pension Plan is a carefully prepared project where we attach great importance””

 

Alim Telci, General Manager of Re-Pie Portfolio Management, undertaking the management of Fiba Emeklilik ve Hayat A.Ş. Galatasaray Re-Pie Portfolio Variable Pension Investment Fund, a special investment of Galatasaray Fan Pension Plan said:

 

We are very pleased to be one of the stakeholders of the Galatasaray Pension Plan, which is exclusive to Galatasaray fans. We prepared meticulously as it is the first pension fund we will manage. The investments we make in different areas and the funds we manage give us the flexibility to offer tailor-made solutions. We will ensure that the savings of Galatasaray people are managed by experts in their fields. Our company was established in 2015 to establish and manage real estate investment funds and venture capital investment funds. We increased our portfolio size, which was 464 million TL at the beginning of 2020, to 2.4 billion TL by the end of the first quarter of 2021, within 15 months. In the next 6 months, we will increase the number of active funds from 18 to 30. With these new investments, we aim to increase our assets and portfolio to 4 billion TL by the end of the year. Galatasaray Pension Plan is a project in this area that we attach great importance to and have prepared meticulously. I would like to thank all the officials of Galatasaray Sports Club and Fiba Emeklilik, especially Mr. Yusuf Günay and Erol Öztürkoğlu, and the employees who contributed.

 

Those who want to be a member of PPS with the Galatasaray Pension Plan can apply by filling out the form on galatasaray.fibaemeklilik.com.tr or by calling 444 82 88 Fibaemeklilik Call Center. Within the scope of this plan, entrance fee and administrative expense deductions are not taken from those who are included in the system, while the minimum monthly contribution amount is determined as 100 TL.

About Fiba Emeklilik ve Hayat

Established in 2012, Fiba Emeklilik ve Hayat operates in the fields of private pension, life insurance and health insurance as the inheritor of a deep-rooted culture under the umbrella of the Fiba Group. Continuing to grow through acquisitions and mergers, the company took over the entire portfolio of CIV Hayat Sigorta A.Ş in 2014 and all of its customers with the acquisition of all shares of Ergo Emeklilik ve Hayat in 2016. With the takeover of Groupama's Private Pension portfolio in 2018, it carried out its first portfolio transfer in the pension sector. Fiba Emeklilik ve Hayat, in the insurance and pension sector; "Fund Market" has taken a pioneering role by signing many firsts such as in-sector purchases, portfolio takeovers, online PPS sales, health insurance sales, and fund information for PPS customers.

 

About Re-Pie Portföy Yönetim Şirketi

Established in 2015 as Turkey's first alternative investment fund management company to have an operating license, Re-Pie Portföy Yönetim Şirketi has a portfolio size of 986 million 216 thousand 723 liras as of December 2020. It provides value-added services with a business model that reflects its strong experience in all the funds it manages and the investments it makes.