Pfrda

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.

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.

PFRDA to allow funds to invest in sovereign green bonds, says Chairman Deepak Mohanty

The government is expected to issue sovereign green bonds in the second half of the current financial year as part of the overall market borrowing programme.

PFRDA aims to add 13 lakh individual subscribers in FY24: Chairman

"The overall corpus under NPS stood at Rs 9.8 lakh crore as of end-June," Mohanty noted.

New scheme with minimum assured returns will have high premium cost: PFRDA

The total NPS and Atal Pension Yojana assets under management currently stand at Rs 9.4 trillion which is 14% of GDP.

Minimum assured return on the cards, rollout in the near future: PFRDA chief

The scheme is required as per the PFRDA Act and is in the works, but the cost, too, will go up due to the element of guarantee, says PFRDA chairman Deepak Mohanty

MC Exclusive: Govt-appointed panel will explore how NPS can be improved for its employees: PFRDA Chairman Deepak Mohanty

Enhancing pension literacy and awareness, growing the corporate sector, individual National Pension System (NPS) and Atal Pension Yojana (APY) subscriber base will be among the key objectives of the PFRDA chairman this year.

Govt appoints Deepak Mohanty as PFRDA chairman

Prior to this, Deepak Mohanty, a former executive director of the Reserve Bank of India (RBI), served as a member of PFRDA.