Page 5 - Pfrda

PFRDA chief mulls separate trust to manage private sector pension funds

Many other pension schemes in the market currently are unregulated

PFRDA likely to add 10-12 lakh new subscribers by fiscal-end: Chairman

Total number of subscribers under the two schemes were around 3.38 crore as of February 22, 2020

One India, one stewardship

While the stewardship codes were first rolled out in 2017, India's experience with stewardship began earlier with Sebi's March 2010 circular.

Pramod Kumar Singh appointed wholetime member of pension fund regulator

He is at present Competition Commission of India (CCI) secretary

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

Regulatory transparency still a far cry from instilling public confidence

While RBI's recent move to make the minutes of its Central Board meeting public is welcome, regulators across sectors are generally loath to reveal cost-benefit analyses of their decisions

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

Reliance Capital Pension's registration under NPS cancelled: PFRDA

With this, the pension fund is no longer available for subscription under NPS, said the Pension Fund Regulatory and Development Authority of India

PFRDA considers issuing on-tap licences for pension fund managers

As of now, licences are to be renewed every five years

PFRDA working on minimum assured return scheme for NPS subscribers

NPS is a contributory retirement savings scheme and seeks to inculcate the habit of saving for old age among the citizens

PFRDA sees stock boost; govt employees may get to invest 50% savings

The equity culture in the country 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

Hiking of entry age into NPS creates one more retirement saving avenue for senior citizens

Senior citizens should invest at least Rs 50,000 to avail of the additional tax benefit that NPS provides

Government mulls PFRDA's soft compulsion pension plans

Employees of organisation are automatically included into pension schemes unless they opt out of it

Decision on higher exposure to equity shortly: PFRDA

PFRDA to appoint two more private fund managers to manage the non-government pension funds

PFRDA bars third party payments in Tier II accounts of NPS

NPS is structured into Tier-I (main pension account) and Tier-II (voluntary savings account)

PFRDA aims to train 1.2 lakh people on NPS schemes

PFRDA aims to train other stakeholder registered with it and involved with promotion

Pension fund body mulls varying withdrawal options

PFRDA is looking at combining other assets like house as source of income for subscribers

Private sector NPS subscribers can now invest in AIFs, REITs

PFRDA permits investment up to 100 per cent in both corporate bond and government debt

About 50% govt staff has avg financial literacy: PFRDA survey

Among the state government officials, 40-60 per cent of the participants fell under the 'average financial literacy' bracket