Page 2 - Pfrda

PFRDA proposes tweaks in NPS subscribers rule: Here's what could change

The Pension Fund Regulatory and Development Authority (PFRDA) is in talks with the Insurance Regulatory and Development Authority of India (IRDAI) to let NPS subscribers port their annuity plans

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

Finance ministry invites application for post of PFRDA chairperson

Besides senior government officials, private sector employees who have worked at the level of CEO, CFO, COO or equivalent are also eligible to apply for post

PFRDA pension scheme subscribers up 24% to 53.2 million by May end

Atal Pension Yojana (APY) -- the highest contributor to the subscriber base -- registered a growth of 31.6 per cent to 37.2 million by end of May this fiscal year.

NPS subscribers up 24 per cent YoY to 53.17 million in May: PFRDA

The Atal Pension Yojana scheme saw an increase in subscribers by 31.60 per cent to 37.2 million in May 2022

PFRDA plans to launch a guaranteed-return scheme in September 2022

Regulator looks to give three pension fund choices for each asset class in non-govt sector

Subscriber base of NPS, Atal Pension Yojana reaches 5.33 cr, says PFRDA

The total number of subscribers for National Pension Scheme (NPS) and Atal Pension Yojana (APY) stood at 5.33 crore as of June 4, PFRDA chairperson Supratim Bandyopadhyay said. As of June 4, 2022, the Asset Under Management (AUM) under NPS and APY was at Rs 7,39,393 crore. The number of subscribers in the category of central government employees of NPS was 22.98 lakh and AUM at Rs 21,876 crore. Total subscribers in state government employee category of NPS was 56.46 lakh and AUM at Rs 3,69,837 crore in the period. The subscriber base in corporate and pension categories was 14.79 lakh and 23.61 lakh, respectively. "Of late, (subscribers in) corporate and private segments are increasing at a much larger pace than in the government sector," Bandyopadhyay said. The Atal Pension Yojana subscriber base increased to 3.739 crore as of June 4.

Chhattisgarh becomes first state to restore old pension scheme: Report

The government issued a notification saying that the old pension scheme will be effective from April 1, 2022

Number of subscribers under PFRDA pension schemes up 23% to 52.3 mn

The number of subscribers under the two flagship pension schemes of PFRDA increased nearly 23 per cent to over 5.23 crore by April-end 2022. The subscriber base of the two schemes combined was 4.26 crore in April last year, Pension Fund Regulatory and Development Authority (PFRDA) data showed. The flagship schemes -- National Pension System (NPS) and Atal Pension Yojana (APY) -- had total asset under management of Rs 7,38,765 crore at April-end 2022, rising by 25.25 per cent from the year-ago period. "The number of subscribers in various schemes under NPS rose to 523.87 lakh by end-April 2022 from 426.75 lakh in April 2021 showing a year-on-year increase of 22.76 per cent," it said. The number of subscribers under APY grew nearly 30 per cent to 3.65 crore by April this year. The rest 1.58 crore subscribers belonged to various categories under NPS -- the pension scheme which mainly caters to the government sector and corporate sector employees. APY is mainly targeted towards provi

Private sector to drive growth of PFRDA pension schemes: Study paper

The private sector is expected to drive growth of the NPS, which has witnessed exponential rise over the last five years, in terms of number of subscribers as well as assets under management

Subscribers under PFRDA schemes increase 22% to 5.07 cr in Feb

The number of subscribers under two flagship pension schemes by PFRDA jumped 22 per cent year-on-year to more than 5.07 crore by the end of February

NPS to include assured returns; new products likely to come in August

The NPS has offered higher returns so far than other schemes

Fund management that you buy

NPS is within reach of becoming a compelling choice for every Indian investor

PFRDA to 'discuss' plan to raise equity exposure in NPS to 75%

The equity exposure for the NPS subscribers from other than the government sector was increased to 75 per cent three years ago

Make judicious investment choices when entering NPS and stick to them

While PFRDA will now allow investors to alter their investment choices four times in a financial year, tinkering too frequently may not be advisable except in volatile market conditions

PFRDA subscriber base rises over 22% to 47.5 million in November

The subscribers in the category of central and state government employees of the National Pension System (NPS) rose by 4.71 per cent and 9.74 per cent, respectively

'PFRDA may look beyond annuities if Act's tweaked,' says chairman

New annuity products, however, will require no modifications to Act

NPS generated good returns for subscribers, says PFRDA Chairman

PFRDA Chairman Supratim Bandyopadhyay on Monday said pension product NPS has generated good returns for the subscribers over the last 12 years, and one must start early to reap the benefits of the product, which is very flexible in nature. "Over a period of 12 years, the returns under equity schemes are more than 12 per cent, and in government securities, it was close to 9.9 per cent, and in corporate bonds, despite some credit events that we have seen, we have seen a CAGR of more than 9.59 per cent. Fortunately, our pension fund assets were, to a great extent, protected from post-credit events. "Currently, we are sitting on a total corpus of about Rs 6.85 trillion. The returns have been quite good," Bandyopadhyay said while speaking at CII Insurance & Pensions Summit on 'Indian Insurance Sector Riding the Wave of Change'. NPS gives a lot of flexibility, but the only thing is that a person has to start early, said the chairman of the Pension Fund Regulatory and Development ...

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

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.