A billboard advertising Is Bank-Anadolu Hayat, private pension system. Turkey could see half a million new private pension contributors this year thanks to changes in regulation, boosting a nascent fund management industry and luring global portfolios. The country of 75 million has seen an unprecedented rise in prosperity over the past decade, with per capita income almost tripling in nominal terms, but its savings rate is low, with many Turks still scarred by the hyperinflation of the mid-1990s.