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Minimum guaranteed-return pension products may have varied capital needs

Those having higher assets under management (AUM) may have greater requirements of minimum paid-up capital: Sources

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Indivjal Dhasmana New Delhi
Minimum assured-return schemes the pension regulator is planning to launch five-six months down the line may have varied capital requirements for sponsors of pension funds.

Those having higher assets under management (AUM) may have greater requirements of minimum paid-up capital, sources told Business Standard. The requirement may also change on the basis of the exposure of a scheme to debt and equity, they said. The Pension Fund Regulatory and Development Authority (PFRDA) has given the task of designing the minimum guaranteed-return pension sc­he­mes to E&Y Actuarial Services LLP.

At present, the sponsors, individually or jointly, must have a net worth of at

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First Published: Apr 27 2022 | 6:05 AM IST

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