Page 6 - Pfrda

PFRDA aims to strengthen its bases

Pension regulator hopes to select a maximum of 10 new pension fund managers whose licences will be valid for five years

PFRDA may issue foreign investment guidelines for pension sector

Rules to cover downstream investments & clarify to foreign investors how much additional money they can bring in

PFRDA allows up to 75% in equity for private NPS

Regulator also presses govt for allowing state employees to put up to 50% in equity, among other steps

Govt forms panel to discuss bringing pension products under PFRDA

Currently, pension products floated by fund houses and insurance firms are regulated by Sebi and Irdai, respectively

PFRDA launches new features for NPS subscribers

Now, NPS subscribers can view his/her NPS account, latest details of scheme wise units along with latest NAV and the total value of the schemes

PFRDA lists norms to protect pensioners' NAV from market turmoil

In a circular PFRDA, also said the interest accrued will be credited to the subscriber accounts on annual basis

PFRDA may regulate unregulated pension funds

There is a proposal to have a single regulator for all superannuation funds

Equity savings cap on pension of govt staff might be raised

PFRDA likely to make it 50% and allow employees to pick private fund managers

PFRDA to train 75,000 people to drive NPS

The pension fund regulator proposes to cover 600 district head quarters across the country