Pfrda

PFRDA allows scheduled commercial banks to set up pension funds for managing NPS

PFRDA has named three new trustees to the NPS Trust Board through a formal selection procedure.

India's $175 billion pension industry resists new bond valuation rules

The issue is how pension asset managers value government securities in their funds, which are currently accounted for at the latest market price

India's pension regulator widens investment options for funds

The PFRDA has also permitted investments in gold and silver ETFs, giving pension funds the option to diversify into commodity investments.

Two big banks seek pension fund licences amid rising growth potential, says PFRDA chairman

An additional 0.1 percent incentive has been offered if 80 percent of customers are new to the scheme. This threshold has not yet been achieved, but once business gains momentum, pension funds are expected to actively pursue this incentive, Ramann said.

PFRDA Revamps Corporate Model NPS Rules: Employers, employees to jointly decide pension fund choices

New circular gives firms flexibility to review funds annually, allows employees voluntary investment freedom.

PFRDA says planning inflation-linked NPS products to protect retirees’ returns

NPS to offer same tax benefits to new inflation-protected payouts; 100% equity option already available

Govt extends deadline to opt for Unified Pension Scheme till November 30

Extension comes after stakeholders sought more time in light of recent changes including switch option, retirement benefits, and tax exemptions

Facing trouble submitting UPS form online? PFRDA issues fresh guidelines | Unified Pension Scheme

According to the Ministry of Finance, even eligible past retirees under NPS can exercise this option. But they must do so by the September 30 deadline.

India mulls allowing bespoke pensions in $175 billion industry

PFRDA has held several rounds of discussions with fund managers on the potential change, which is aimed at boosting the growth of the pension industry in India

Govt viability gap funding for Atal Pension Yojana likely to reduce with higher equity returns: PFRDA chief

From April 1, the equity class division portion of APY has been increased from 15 percent to 25 percent

Sivasubramanian Ramann appointed PFRDA chairman

The term of PFRDA's current chairperson Deepak Mohanty ends in May

PFRDA notifies assured pension scheme for govt employees

Under the old pension scheme (OPS), effective before January 2004, employees got 50 per cent of their last drawn basic pay as pension

Association of NPS Intermediaries set up to enhance the pension ecosystem: Key objectives

The new NPS representative body will promote the pension scheme as a retirement product, ensure transparency and collaborate with policymakers.

Finance ministry invites applications for PFRDA chairperson post

PFRDA consists of a chairperson and not more than six members, of whom at least three shall be whole-time members, to be appointed by the government

PFRDA appoints Chitra Jayasimha as chief of National Pension System Trust

Jayasimha has been the Trustee of NPS Trust Board since December 2020.

Only 5% of population currently under pension net, need to save more during young age: CEA Nageswaran

Nageswaran further emphasized that any efficient pension system should be sustainable and scalable along with a balance Asset Liability framework

Pension funds' 1-year equity returns surge to 36% amid market rally

National Pension System assets touched Rs 12.65 lakh crore in August 2024, representing a 30 percent growth over the same month of the previous year.

New NPS scheme to be launched in July-Aug, says PFRDA chairman

In the NPS balance lifecycle scheme, the debt proportion will increase after 45 years of age. Existing NPS subscribers will also be allowed to move to the new scheme, he said.

PFRDA notifies changes to NPS Trust, pension fund regulations

The changes to the NPS Trust norms simplify provisions for the appointment of trustees, their terms and conditions, holding of meetings of Board of Trustees, and appointment of NPS Trust's chief executive officer

How your employer's contribution to your NPS can reduce your tax outgo

Your employer can contribute to your National Pension Scheme fund over and above the employees’ provident fund (EPF) contributions. Employees or employers need not to choose one over the other.

NPS vs OPS: Will Budget 2024 settle the debate in an election year?

Pension sector players expect the Finance Secretary-headed committee tasked with looking into government employees’ concerns about NPS to submit its report around budget time, which could pave the way for a final resolution of the thorny issue.

FinMin calls for high-level meet on central KYC on January 24

CKYC or central know your customer process enables investors to complete KYC only once before they interact with different financial services sector entities. The meeting will be attended by officials from RBI, Sebi, IRDAI, PFRDA, ED and pvt and public sector banks.