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AddVICE

Automated retirement planning and pension fund analysis for Turkey's Individual Pension System

Data & Analytics Established Bootstrapped
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Overview

AddVICE is a retirement analytics and pension fund comparison platform serving individual and corporate participants in Turkey's Individual Pension System (BES -- Bireysel Emeklilik Sistemi). Developed by Adendum Aktuerya, an Istanbul-based actuarial consulting firm founded in 2007, the platform targets both BES participants and institutional clients including life insurance carriers and pension fund operators.

The platform's core engine reads historical premium data via integration with E-Devlet (Turkey's e-government portal), calculates Social Security Institution (SGK) retirement benefits using official methodology, and models future BES fund accumulations. Proprietary performance indices -- the BGX Return Index and BBX Accumulation Index -- underpin fund comparison tools. A dedicated technology division, Adendum Teknoloji, was established in 2016 to maintain the platform's digital infrastructure. The parent firm, Adendum, also offers actuarial consulting services including IAS 19 severance indemnity calculations, leasing standards compliance, and M&A advisory for the insurance and pension sector.

Adendum serves clients representing approximately 90% of Turkey's private pension market by participant funds, with notable enterprise customers including Koc Holding and Pfizer Turkey. The firm received two World Finance Markets awards for Most Preferred Insurance Consulting Firm in 2018.

Products & Services

AddVICE Retirement Analysis Platform

An automated analysis engine for BES participants that imports premium history from E-Devlet, calculates expected SGK retirement benefits, and models future accumulations in individual pension accounts.

Key Features

  • E-Devlet PDF integration for premium history import
  • SGK retirement benefit calculation using official methodology
  • Personalized retirement income projections
  • BES fund comparison using proprietary BGX and BBX indices

Target Users: Individual BES participants, financial planners

Corporate BES Solutions

Employer-focused pension program management covering automatic enrollment, tax optimization for employer contributions, and group retirement agreement administration.

Key Features

  • Employer Group Retirement Agreement (IGES) management
  • Automatic enrollment compliance
  • Tax advantage optimization for employer contributions
  • Employee retirement planning support

Target Users: Employers, HR departments

BESYonet Platform

An online portal for BES participants to manage their pension accounts and monitor fund performance.

Key Features

  • Account management for BES participants
  • Fund performance monitoring
  • Withdrawal scenario modeling

Target Users: BES participants

Actuarial Consulting Services (Adendum)

Full-range actuarial and management consulting services for the insurance and pension sector.

Key Features

  • IAS 19 / TAS 19 severance indemnity calculations
  • IAS 16 / TFRS 16 leasing standards compliance
  • Loss of support compensation calculations
  • Insurance product development and M&A advisory

Target Users: Insurance carriers, pension funds, corporations

At a Glance

Founded
2007
Headquarters
Kadikoy, Istanbul, Turkey
Employees
11-50
Funding
Bootstrapped

Category & Focus

Category
Data & Analytics
Subcategories
Actuarial Tools Retirement Planning Pension Fund Analytics
Insurance Verticals
Life & Annuity
Target Customers
Carriers, Consumers, Employers

Customers

  • Koc Holding
  • Pfizer Turkey

Links

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Last updated: 2026-06-11