Pension fund regulator Pfrda is looking at nearly doubling the Atal Pension Yojana (APY) this fiscal year by opening 5 million accounts, a top official said today.
As government looks to widen social security cover in India, pension regulator PFRDA is readying a media blitzkrieg and has decided to rope in a PR agency to increase visibility and public awareness of such products.
Pension Fund Regulatory and Development Authority of India (PFRDA) wants government employees to be given freedom to choose their fund managers and investment pattern for money invested in Atal Pension Yojana.
The Aadhaar-based online NPS account facility was started on a pilot basis, but following a Supreme Court judgment on usage of Aadhaar, it had to be discontinued.
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
Finance Ministry will go through the proposal seeking a hike in the investment limit of pension funds by up to 50 per cent and then refer the matter to an expert committee, PFRDA has said.
PFRDA head Hemant Contractor said he is pushing for state pension funds to be allowed to invest up to half of their funds in stocks, up from the current 15 per cent.
The Pension Fund Regulatory & Development Authority (PFRDA) has sought the government’s clarification on the issue of regulating the pension products being run by mutual fund houses and life insurers.
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.
Pension regulator PFRDA has asked banks, Indian embassies and high commissions and the ministry of overseas Indian affairs to try to extend the coverage of the National Pension System (NPS) to the over 1.1 crore NRIs in aroun
For those who wish to open a retirement savings account with the National Pension System but don’t know how to go about it, the Pension Fund Regulatory and Development Authority is set to launch an online portal soon.
Breaking away from the traditional pension fund management system for government employees, the PFRDA is planning to provide them with a variety of investment options.