The open-ended pension fund “Master Pension Fund” is a separate group of assets, without legal personality, created for the purpose of collecting cash contributions in the personal accounts of the fund members and investing these funds to increase the value of the pension fund assets. The open-ended pension fund is jointly owned by its members, where individual ownership is represented by the number of shares in the pension fund. Any individual, including employees and employers, who chooses to contribute to the fund created by the management company, without creating a closed-ended pension fund, can be a member of this fund.
The mission of the company is to responsibly and professionally manage pension funds, aiming to maintain and improve the standard of living during retirement. Through careful investment management and ensuring long-term financial stability, the company aims to provide security and economic stability for each member of the pension funds.
Contribution payments made to the member’s personal account, as well as assets transferred to the fund, will be converted into pension shares on the day the payment is received in the fund account at the price of the share on the day the payment is received. The management company is responsible for converting contributions into pension shares. For valuation purposes, each pension share represents a proportional ownership share in the assets of the pension fund. The total value of the shares in the pension fund is always equal to the total net value of the assets of the pension fund.
