Page 2 - Nps Scheme

PFRDA kick-starts pension awareness campaign; observes NPS Diwas on Oct 1

Ahead of NPS Diwas next month, pension regulator PFRDA has kick-started a campaign to create awareness about the need for a pensioned society in the country.

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

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

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

PFRDA to finalise guaranteed plan with minimum return by FY21 end

Regulator to raise cap on fee of fund managers; AUM of pension funds increases by 35% to Rs 5.5 trillion

PFRDA to engage consultancy for separating NPS Trust, structuring

In the Union Budget for 2019-20, the government had proposed to separate the NPS Trust from the pension regulator in order to address issues over conflict of interest

Govt mulls to amend PFRDA Act; to separate it from NPS Trust: FM Sitharaman

FM Sitharaman also said that the government will help ease in mobility while in jobs

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.

Govt employees to enjoy greater say in how their NPS corpus is invested

Younger employees should raise their allocation to equities in this very long-term investment instrument

With higher equity cap in NPS, young investors should increase exposure

In active choice, the investor decides how much allocation he would like to have to different asset classes

Relief for pensioners under NPS as govt allows partial withdrawal

The NPS and the Atal Pension Yojana (APY) have a cumulative subscriber base of over 21.3 million with total Asset Under Management (AUM) of more than Rs. 2.38 trillion

India's $35 billion government pension fund plans equities boost

India's equity culture may also get a boost from a stewardship code to be rolled out for the country's fund managers to push for corporate-governance best practices

NPS catches investors' fancy

Sound returns and additional tax benefit of Rs 50,000 have led to doubling of subscribers

NPS needs level playing field to become popular: PFRDA

Pension body says coverage under the corporate and all citizen model has not been encouraging

Retail NPS more than doubles in one year

Total assets under management of NPS has reached Rs 1.38 trillion, out of which Rs 3,000 crore are of retail assets

Agents can charge up to Rs 5,000 from people joining NPS online

Service charges collected through eNPS platform to be paid to agents on quarterly basis after reconciliation of account

Industry hails proposal for 40% tax benefit on NPS scheme

Earlier, the entire amount was taxable, but for the first time NPS has been given tax benefit in budgetary proposals