Page 4 - National Pension Scheme

Pension fund authority woos corporates to become NPS subscribers

The Pension Fund Regulatory Development Authority (PFRDA) is urging corporates to become its subscribers for the benefit of employees, its chairman Suprotim Bandopadyay said on Thursday.

National Pension System gradually gaining traction, says PFRDA chief

The National Pension System (NPS) is gradually gaining traction with many public sector enterprises transferring superannuation funds into it, a top official said on Thursday. Speaking at an ICC webinar Pension Fund Regulatory & Development Authority (PFRDA) Chairman S Bandopadyay said though the penetration levels of the pension scheme is low in India, many CPSEs are now transferring their own superannuation funds to NPS. He said decent returns to beneficiaries are being provided and the CAGR for central government funds is 9.95 per cent, with 15 per cent equity exposure only. "Nowadays, many corporations are placing importance on retiral benefits for its employees. Around 7,900 corporates have joined the NPS with a corpus of Rs 50,000 crore involving 10 lakh subscribers," he said. Bandopadyay said more awareness has to be created among the companies so that the joining number increases. Regarding the Atal Pension Yojana, he said during the last five-and-half months

Can't fill Section 80C limit? Use NPS Tier-II tax saver scheme

Only central government staff looking for debt-oriented schemes should go for it

Modifications in National Pension Scheme untenable: Finance Ministry

The response comes following a petition to the Prime Minister's Office (PMO) by Manjeet Singh Patel, president of Delhi unit of the NMOPS, seeking revival of old pension scheme

Covid-19 outbreak: Update insurance, tax and KYCs amid lockdown 4.0

Utilise the relaxed phase to complete unfinished tasks on personal finance agenda

NPS subscribers can make partial withdrawal to cover coronavirus expenses

PFRDA declared Covid-19 as a critical illness which is life threatening in nature

Coronavirus: Elderly, differently-abled to get 3 months' pension in advance

For the differently-abled, the pension is fixed at Rs 300 per month up to 79 years of age and Rs 500 for 80 years and above

How partial withdrawal from EPF, NPS during financial emergency can hurt

Stringent rules have been put to ensure that this practice is discouraged

People complain about getting low returns on annuity: PFRDA chairman

He tells Indivjal Dhasmana there is no turf war between PFRDA and the Insurance Regulatory and Development Authority (Irdai)

Tipping Point: Should you allocate more to corporate, govt bond schemes?

If you are tempted to increase your allocation to schemes C and G based on past year's returns, avoid doing so

Corporate debt, govt bonds improve returns of National Pension Scheme

Double-digit returns from these instruments boost tier-1 plans

Budget wishlist: PFRDA wants to double tax benefit under NPS to Rs 1 lakh

The tax deduction under the NPS is Rs 50,000 at present

Purchase an annuity, but go for the right variant at the right age: Expert

Retirees may consider a few other products as well to generate a regular income after retirement

Govt reviewing proposal to allow workers to switch between EPS and NPS

Option for workers being reconsidered after reactions from employees and employers in recent meetings

NPS equity schemes deliver scanty returns, debt makes up for the losses

Five of the seven NPS schemes have underperformed the flagship multi-cap mutual fund (MF) schemes managed by their sister firms

Reliance Pension Fund exits NPS after Nippon Life increases stake in RNam

Reliance Capital Pension Fund has voluntarily offered back the license

Bigger retirement kitty for central govt employees along with tax benefits

Central government employees will now have the freedom to choose their pension fund managers

Cabinet clears tax incentives for govt employees, hikes NPS contribution

Currently, the minimum employee contribution in NPS is 10 per cent of basic pay and an equal contribution is made by the government

Govt contribution to National Pension Scheme raised to 14% of basic salary

Minimum employee contribution will, however, remain at 10 per cent

Planning to buy an annuity plan? Here's how you can choose the right one

It makes sense to have more aggressive instruments in your portfolio for improving income