Business Standard

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

pension
Premium

A committee set up by PFRDA will discuss the consultant’s suggestions sometime next month and give its report to the regulator

Indivjal Dhasmana New Delhi
A consultant has advised the pension regulator to offer a rate of return in the range of two to seven per cent for a proposed minimum guaranteed return scheme planned for launch later this year.

The scheme’s rates of return will depend on the kind of products offered, government sources told 'Business Standard'. E&Y Actuarial Services LLP, the consultant to the Pension Fund Regulatory and Development Authority (PFRDA), gave a few scenarios to the regulator on the minimum-assured return scheme.

The scenarios include whether there is single premium or regular premium, whether there is fixed guarantee or variable guarantee, whether

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 29 2022 | 1:04 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com