Pension Fund Managers
Consistency should be key criterion when choosing NPS fund manager
Asset allocation to NPS should depend on age, risk appetite and asset mix in existing investments
 "Consistency should be key criterion when choosing NPS fund manager")
Fixed investment tenor of 10 years under guaranteed return scheme: PFRDA
Only those investors who remain invested for 10 years will get a guaranteed return and if the actual return falls below the assured amount, pension fund managers shall bridge the gap
 "Fixed investment tenor of 10 years under guaranteed return scheme: PFRDA")
Proposed minimum assured-return scheme may fetch 2-7% rate of return
Committee set up by pension regulator to consider suggestions made by consultant for scheme
 "Proposed minimum assured-return scheme may fetch 2-7% rate of return")
Max Life incorporates pension fund subsidiary, to infuse Rs 55 crore
Max Life Insurance Company Ltd has incorporated a wholly-owned subsidiary Max Life Pension Fund Management Ltd and will infuse Rs 55 crore into the firm by subscribing to 5.5 crore shares
 "Max Life incorporates pension fund subsidiary, to infuse Rs 55 crore")
Tata Asset and Max Life Insurance get approval to set up pension funds
Tata Asset Management and Max Life Insurance Co have recently received a nod from the pension sector regulator for setting up pension fund managers
 "Tata Asset and Max Life Insurance get approval to set up pension funds")
PFRDA can't allow investment in startups due to valuation process: Chairman
The key issue is to report NAV on a daily basis, which is not possible in the case of startups
 "PFRDA can't allow investment in startups due to valuation process: Chairman")
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
 "NPS fund managers have more choices as investment universe expands")
Top headlines: Govt considers tax ordinance; Microsoft seeks Telangana deal
Business Standard brings to you the top headlines on Wednesday
 "Top headlines: Govt considers tax ordinance; Microsoft seeks Telangana deal")
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
 "Hike in NPS investment management fee need not be a deterrent: Experts")
PFRDA raises cap on fund management charges as it floats RFPs
There would now be four slabs, each attracting charges based on the quantum of assets under management
 "PFRDA raises cap on fund management charges as it floats RFPs")
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 finalise guaranteed plan with minimum return by FY21 end")
CPPIB to put major chunk of emerging market funds in India, China
CPPIB plans to put 33 per cent of its funds in emerging markets by 2025
 "CPPIB to put major chunk of emerging market funds in India, China")
Ontario Teachers' Pension Plan bets on PE, infrastructure in India
After playing LP (investors in PE funds), the Canadian pension fund is keen to invest directly in India
 "Ontario Teachers' Pension Plan bets on PE, infrastructure in India")
Pension funds investment options to expand once InvITs become reality
PFRDA has created a separate asset class for investment under InvITs and REITs
 "Pension funds investment options to expand once InvITs become reality")
