India
Monday Movers
Norges Bank, New York City, HSBC, Lockheed Martin, RAM, SPAA
India proposal to regulate pensions omits foreign investment
INDIA - India's government has presented proposals in parliament that seek to give statutory power to the country's pension regulator, while omitting any mention of allowing foreign investment in the provision of old-age income.
Week on the Web 11 March - 17 March 2011: What stories have you missed out on this week?
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
GSAM boosts Indian footprint with ETF acquisition
INDIA - Goldman Sachs Asset Management has acquired India's largest ETF provider Benchmark Asset Management and announced plans to bring actively managed funds onshore.
AGI plans further Asia expansion
ASIA - Allianz Global Investors has signaled further expansion into Asia's pension market as a key medium-term objective.
Indian fund turns to micro-finance for first deposits
INDIA - A new scheme catering for workers in India's unorganised sector is looking for micro-finance loan providers to help members make their first contributions.
Canada, Europe pension funds may fund Indian roads, Nath says
INDIA - Canadian, European pension funds may invest in road projects in India attracted by the higher yields than the U.S. after the nation lifted the cap on foreign investment in bonds to lure capital for infrastructure projects.
CPPIB invests US$100m in India fund
INDIA/CANADA - The Canada Pension Plan Investment Board (CPPIB) has made its first investment in an India-focused private equity fund.
Religare will invest US$1bn in asset management firms
INDIA/US - Indian investment bank Religare Enterprises has announced a US$1bn commitment to make "strategic investments" in asset management businesses worldwide and has started by acquiring a stake in a US private equity firm.
India's new pension scheme
Joseph Mariathasan explains how following a series of delays, India is set to launch its National Pension Scheme
IASB drops plan to alter discount rate calculation
GLOBAL - The International Accounting Standards Board (IASB) today voted to not move forward with plans to eliminate the use of government bonds to determine discount rates.
Indian pension regulator to manage company pensions
INDIA - The board of the Pension Regulatory Fund Development Authority (PFRDA) yesterday approved a proposal to manage companies' pension pots, said executive director Rani Nair.
India's pension market to soar
INDIA - India's pension market is poised to grow 39% year over year to 2013, according the Indian Pension Fund Market Forecast 2013.
NPS launch rescheduled for May
INDIA - The launch of the Indian national New Pension Scheme (NPS) has been set for May 1 following concerns about the ability to inform prospective members in time.
India delays roll out of NPS to public
India - The public launch of the New Pension Scheme has been delayed because of impending elections.
Franklin Templeton announces restructure
INDIA- Franklin Templeton Investments has restructured its management team in its Central and Eastern Europe, Middle East and Africa (CEEMEA) and India divisions.
Indian NPS reveals investment policy
INDIA - India's New Pension System (NPS), to be opened to the public on 1 April 2009, has set out its proposed investment policy and member options for the first time.
RBI employees to strike over reduced pensions
INDIA - Employees of the Reserve Bank of India (RBI) are to stage a mass casual leave at the beginning of December, calling for restoration of pension arrangements for retired employees.
India's central bank workers plan strike
INDIA - As many as 25,000 employees of India's central bank plan to strike for a day on 21 October for a higher pension, the United Forum of Reserve Bank Officers and Employees' Association said.
Building a pensions powerhouse
Hui-chen Chou looks at the impact India's New Pension System, which may soon announce it will open the door to foreign managers, will have on the country's economy and retirement landscape
Survey shows inadequacy of Indian pensions
INDIA - Most Indian companies do not offer adequate corporate retirement programmes for their workforce, a study by Mercer has revealed.
Indian summer for investments
INDIA - Pension funds from around the world are now eyeing up investments in India due to fading interest in Europe and the US, according to industry experts.
Top pension funds invest in India
INDIA - More than 15 of the world's top 20 global pension funds are making investments in India, according to Watson Wyatt.
India NPS restricts investment options
INDIA - India's New Pension Scheme (NPS) will initially allow members just two investment options - government securities alone or a 15/85% split between equities and fixed income.
