Page 2 - National Pension System

'NPS' non-govt subscriber base crosses 3 mn-mark; corpus to hit Rs 1 trn'

The corporate and retail sector subscriber base under the NPS has crossed over 30 lakh as on date, and the corpus under these is about to reach a landmark Rs 1 lakh crore-mark, PFRDA Chairman said

NPS fund managers have more choices as investment universe expands

Investment advisors are not comfortable with the idea of a retirement product like NPS investing in IPOs

Proposed NPS tweaks will offer greater flexibility, say analysts

But systematic withdrawal plan carries risk that retirees may overdraw

NPS subscriber base increases in April despite second Covid-19 wave

NPS subscribers grew 23.33 per cent to about 42.7 million by the end of April, from 34.6 million a year ago, and 42.4 million in March this year, according to PFRDA

PFRDA set to provide a better option than annuities to NPS members

Mulls raising threshold to Rs 5 lakh from current Rs 2 lakh for exemption from annuity requirement, hiking maximum age to 70 yrs from 65 yrs for NPS entry, a minimum guaranteed product, on-tap license

Hike in NPS investment management fee need not be a deterrent: Experts

Invest if you want tax benefit and are okay with long lock-in and 40% annuitisation

If you want higher returns, and are prepared for volatility, opt for NPS

But be ready for lock-in till the age of 60, volatility, mandatory annuitisation

Don't withdraw from the NPS corpus unless you are facing an emergency

While new online facility will make part withdrawal convenient, subscribers must exercise restraint

Pension assets under management at Rs 5.49 trn as of Dec 2020: PFRDA

Total assets under management in government's flagship social security schemes -- National Pension System (NPS) and Atal Pension Yojana (APY) -- stood at Rs 5,48,913 crore at end-December 2020

Don't let past year's return guide you while deciding on asset allocation

Government and corporate bond schemes of NPS are unlikely to beat equity schemes over the long term

Make most of rupee-cost-averaging in NPS as well, with introduction of SIP

While this will help investors become more disciplined in saving for their retirement, the transaction charge could be a concern for those investing small amounts

CAG raises issue of viability of NPS schemes for govt employees

Without such evaluation, there is no guarantee of viability of these schemes, CAG said in its report on the NPS, presented to Parliament on Wednesday

National Pension System gradually gaining traction, says PFRDA chief

The National Pension System (NPS) is gradually gaining traction with many public sector enterprises transferring superannuation funds into it, a top official said on Thursday. Speaking at an ICC webinar Pension Fund Regulatory & Development Authority (PFRDA) Chairman S Bandopadyay said though the penetration levels of the pension scheme is low in India, many CPSEs are now transferring their own superannuation funds to NPS. He said decent returns to beneficiaries are being provided and the CAGR for central government funds is 9.95 per cent, with 15 per cent equity exposure only. "Nowadays, many corporations are placing importance on retiral benefits for its employees. Around 7,900 corporates have joined the NPS with a corpus of Rs 50,000 crore involving 10 lakh subscribers," he said. Bandopadyay said more awareness has to be created among the companies so that the joining number increases. Regarding the Atal Pension Yojana, he said during the last five-and-half months

PFRDA mulling launching minimum assured return-based pension scheme

The pension authority is in talks with pension funds and actuarial firms to work out the modalities of the proposed scheme, PFRDA chairman said

FinMin says NSDL will create awareness about National Pension System

The Finance Ministry on Tuesday said NSDL e-Governance Infrastructure Ltd will undertake an exercise to create awareness among people about the National Pension System (NPS)

PFRDA will give perpetual licences to fund managers: Supratim Bandyopadhyay

Licences for perpetuity means these would not be revoked unless a fund manager itself wants to exit or it violates some terms. The fund managers will only need to pay fee for renewing licences

Limit on employer's contribution to retirement plan: All questions answered

Contributions to NPS may need to be scaled down

PFRDA seeks systematic withdrawal in NPS, tax only on interest component

According to people in the know, the PFRDA is expecting some of these changes to be introduced by the Centre in the upcoming Budget itself

PFRDA likely to be sole pension regulator, seeks additional IT exemptions

At present, pensions products are sold by both insurance companies as well mutual funds, which makes Irdai and Sebi, as the regulators for those products

NPS' debt assets in AAA-rated papers up by 1.83 percentage point to 37.87%

According to experts, the increase in AAA-rated papers signifies risk aversion in the aftermath of the IL&FS crisis.