India announces pension reforms

clock

INDIA - The Pension Fund Regulatory and Development Authority (PFRDA) has announced sweeping changes to the government New Pension Scheme (NPS).

The changes include annual reviews of fund managers and the setting up of portable, individual member accounts. The PFRDA appointed three pension fund sponsors through an open competitive bid; S...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on India

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.

Bibhudatta Pradhan at Bloomberg News
clock 24 March 2011 •

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.

clock 16 March 2011 •

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.

clock 06 October 2010 •
Trustpilot