Investment fund crisis pushed savers to pensions as funds fell 74.4 billion lira

Published 30 Sept, 08:35 Photo: Yeniçağ

This story is from 30 September 2026.

Latest in the series İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe 8 Oct, 22:38

Amid the crisis in investment funds, the size of BEFAS-open private pension funds fell by 74.4 billion lira to 1.82 trillion lira on 11-29 September. Funds closed to BEFAS grew by 8.4 billion lira.

In this period, BEFAS-open funds saw 6.67 billion lira in net cash outflows, while closed funds drew 11.13 billion lira in inflows. The Capital Markets Board (SPK)'s liquidation decision for 131 funds directed investors toward private pensions.

Investment fund crisis pushed savers to pensions as funds fell 74.4 billion lira

Fund Investigation News Series

Where it began 16 Sept 2026 Tera Portföy declares default in two funds, payment periods extended in six funds

8 Oct 2026 22:38 İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe Istanbul's Chief Public Prosecutor's Office ordered journalists İsmail Saymaz, Murat Ağırel and Şaban Sevinç to give statements as suspects as part of its fund investigation.
8 Oct 2026 20:40 Fund crisis inquiry motions rejected by AK Party and MHP votes Yeni Yol, CHP, İYİ Party and DEM Party's Turkish Grand National Assembly (TBMM) inquiry motions on the fund crisis were rejected by votes from AK Party and MHP lawmakers.
8 Oct 2026 16:40 10-article bill on liquidation of 131 funds due in Turkish parliament next week A 10-article interim bill for the 131 funds placed under liquidation is planned to go to the Turkish Grand National Assembly (TBMM) next week. The funds total about 1 trillion lira (TL).
8 Oct 2026 16:40 YENİ Party's Ümit Özlale names two ministers in fund crisis YENİ Party İzmir deputy Ümit Özlale called on Turkish Trade Minister Ömer Bolat and Turkish Family and Social Services Minister Mahinur Özdemir Göktaş to disclose fund transactions.
30 Sept 2026 08:35 Investment fund crisis pushed savers to pensions as funds fell 74.4 billion lira Amid the crisis in investment funds, the size of BEFAS-open private pension funds fell by 74.4 billion lira to 1.82 trillion lira on 11-29 September. Funds closed to BEFAS grew by 8.4 billion lira.