Pension Fund Regulatory And Development Authority

PFRDA-TRACE constitutes the second phase of the TARCH project, and the regulatory authority is specifically selecting a System Integrator (SI) vendor for this module, further stated the PFRDA

National Pension System AUM set to touch Rs 12 lakh crore by March 2024: PFRDA Chairman

NPS crossed Rs 10 lakh crore in assets under management in August 2023.

Now sponsor, trustee bank can become custodian: PFRDA Amendment Regulations, 2021

As per the conditions, the sponsor, associates or the holding company should have net worth of at least Rs.50,000 crore.

NPS adds 1.03 lakh subscribers in April-June quarter

During the period, nearly 1.03 lakh individual subscribers from the private sector and 206 corporates were enrolled, Pension Fund Regulatory and Development Authority (PFRDA) said in a release.

Coronavirus impact | NPS subscribers can now make partial withdrawals for COVID-19 treatment

PFRDA has allowed subscribers under the NPS to make partial withdrawals for the treatment of COVID-19.

12.66 lakh new jobs created in May: ESIC payroll data

The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, retirement fund body EPFO and Pension Fund Regulatory and Development Authority (PFRDA).

Want to shift your PF to NPS? Here are steps to transfer funds

As per provisions in the Income Tax Act, the amount transferred from recognised PF/superannuation fund to NPS will not be treated as income of the current year and is hence not taxable.

NPS subscribers get more flexibility on investment choice

Providing greater flexibility to NPS subscribers both in the individual and corporate segments, PFRDA has allowed them to alter their investment scheme choice and asset allocation twice in a financial year instead of once at present.

Pension regulator moots proposal for systematic withdrawals

Pension Fund Regulatory and Development Authority (PFRDA) said that they are looking to have a systematic withdrawal plan for National Pension System (NPS) wherein individuals will have an option to have between 15-20 years where they can withdraw a fixed sum from their pension fund.

New CRA makes NPS a more attractive investment option

The entry of the second CRA has led to a lowering of the fees. NPS also has low fund management charges and offers the option of investing in schemes that have high equity component to generate good returns.

Pension regulator pitches for easier switching from EPF to NPS

If you are a member of an Employees‘ Provident Fund (EPF) wanting to switch to the National Pension System (NPS), the government may ease the process in the forthcoming Union budget for 2017-18.

National Pension subscribers may get housing loans at affordable rates

To provide housing finance options to National Pension System (NPS) subscribers, the pension fund regulator has set up a committee to look into the proposal, a senior executive announced. “We are looking at possibility &#82

PFRDA to soon allow subscribers to invest up to 75% in equity

The overall return on investment for PFRDA was 11.5 percent. The rate of return for non-government subscribers is slightly higher at 13 percent compared to 9.5 percent of government employees subscribing to the scheme.

PFRDA lists norms to protect pensioners' NAV from mkt turmoil

Investments of NPS subscribers that have not been withdrawn upon superannuation will be monitised automatically and parked in separate accounts to safeguard the pensioners' corpus from market fluctuations.

RBI allows NRIs to subscribe to National Pension System

NRIs may subscribe to the NPS governed and administered by the Pension Fund Regulatory and Development Authority (PFRDA), provided such subscriptions are made through normal banking channels and the person is eligible to invest as per the provisions of the PFRDA Act, it said.

PFRDA seeks govt support to widen subscriber base

After achieving a new milestone in AUM and subscriber base early this month, the Pension Fund Regulatory and Development Authority (PFRDA) is looking for some fiscal support from the government for its ongoing move to expand subscriber base further.

PFRDA pitches for investing 50% pension funds in stock mkt

Currently, the proposal is lying with the government for consideration and PRFDA is actively following it, he said. Contractor said it is one of the recommendations of the G N Bajpai committee stating the investment of pension funds into stocks market should be enhanced.

Govt may let state pension funds invest more in stocks

Hemant Contractor, head of the Pension Fund Regulatory and Development Authority (PFRDA), told Reuters he was pushing for state pension funds to be allowed to invest up to half of their funds in stocks, up from the current 15 percent.

PFRDA may allow fund managers to invest 3% of corpus in PE

Sector regulator PFRDA is looking at allowing pension fund managers to invest up to 3 per cent of corpus in private equity (PE) to maximise return, and a decision in this regard is likely to be taken in 3-4 months.

NRIs can invest in NPS: PFRDA

"There was some ambiguity about whether to add NPS as eligible investment by NRI. So, we took up the matter with RBI and very recently they have given this clarification that NPS like insurance and mutual fund could also be eligible investment for NRIs, Hemant Contractor said at an event organised by PFRDA here.

Pension watchdog eyes APY to boost NPS corpus by Rs 50K cr

Pension fund regulator PFRDA is hopeful of increasing the corpus of New Pension System (NPS) by Rs 40,000-50,000 crore by the fiscal-end, driven by subscription to a newly launched social security scheme.

Benefits of 49% FDI cap will be seen in 3 yrs: PFRDA chief

The higher FDI limit will not have a huge impact on the pension industry, says Hemant Contractor, Chairman of the Pension Fund Regulatory and Development Authority (PFRDA).

PFRDA tightens investment guidelines for pvt sector NPS

Tightening its norms for the private sector New Pension System (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) has disallowed fresh investments in equity mutual funds and ETFs from the corpus.

PFRDA disallows private cos to invest in equity MFs, ETF

Tightening its norms for the private sector NPS, the Pension Fund Regulatory and Development Authority (PFRDA) has disallowed fresh investments in equity mutual funds and ETFs from the corpus.

Stay alert & be careful- Check regulations before investing

"Return on investment" is important, but "Return of investment" is critical. Investors easily fall in to prey because of lack of knowledge on regulation. Financial advisor Amit Trivedi advices investors to check regulation before investing their hard earned money in any financial instrument.