Page 5 - National Pension System
CAG raises issue of viability of NPS schemes for govt employees
Without such evaluation, there is no guarantee of viability of these schemes, CAG said in its report on the NPS, presented to Parliament on Wednesday
 "CAG raises issue of viability of NPS schemes for govt employees")
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
 "National Pension System gradually gaining traction, says PFRDA chief")
PFRDA mulling launching minimum assured return-based pension scheme
The pension authority is in talks with pension funds and actuarial firms to work out the modalities of the proposed scheme, PFRDA chairman said
 "PFRDA mulling launching minimum assured return-based pension scheme")
FinMin says NSDL will create awareness about National Pension System
The Finance Ministry on Tuesday said NSDL e-Governance Infrastructure Ltd will undertake an exercise to create awareness among people about the National Pension System (NPS)
PFRDA will give perpetual licences to fund managers: Supratim Bandyopadhyay
Licences for perpetuity means these would not be revoked unless a fund manager itself wants to exit or it violates some terms. The fund managers will only need to pay fee for renewing licences
 "PFRDA will give perpetual licences to fund managers: Supratim Bandyopadhyay")
Limit on employer's contribution to retirement plan: All questions answered
Contributions to NPS may need to be scaled down
 "Limit on employer's contribution to retirement plan: All questions answered")
PFRDA seeks systematic withdrawal in NPS, tax only on interest component
According to people in the know, the PFRDA is expecting some of these changes to be introduced by the Centre in the upcoming Budget itself
PFRDA likely to be sole pension regulator, seeks additional IT exemptions
At present, pensions products are sold by both insurance companies as well mutual funds, which makes Irdai and Sebi, as the regulators for those products
 "PFRDA likely to be sole pension regulator, seeks additional IT exemptions")
NPS' debt assets in AAA-rated papers up by 1.83 percentage point to 37.87%
According to experts, the increase in AAA-rated papers signifies risk aversion in the aftermath of the IL&FS crisis.
 "NPS' debt assets in AAA-rated papers up by 1.83 percentage point to 37.87%")
Investors should not allow recent returns to influence asset allocation
Reducing exposure to equities and raising it to debt within NPS could prove disastrous in the long run
 "Investors should not allow recent returns to influence asset allocation")
New tax norm likely to make National Pension System more attractive
Only those who can invest in more liquid instruments and will not need the money before 60 should opt for it
 "New tax norm likely to make National Pension System more attractive")
How the National Pension System works to see you through your sunset years
The PFRDA has increased the maximum age limit for joining NPS from 60 to 65 years
 "How the National Pension System works to see you through your sunset years")
NPS equity cap for govt staff may be raised to 50%
Private sector employees can invest up to 75%
 "NPS equity cap for govt staff may be raised to 50%")
Maximum age for joining NPS raised to 65 years
The increase in joining age will provide the options to the subscribers who are at the fag-end of the employment
 "Maximum age for joining NPS raised to 65 years")
PFRDA's e-learning programme for 0.5 mn people to promote NPS
In all, the Pension Fund Regulatory and Development Authority (PFRDA) aims to impart training to as many as 497,185 officers and stakeholders.
 "PFRDA's e-learning programme for 0.5 mn people to promote NPS")
Bet on a consistent performer as fund manager for NPS
With returns of funds diverging in the current active fund management regime of NPS, opt for a fund manager whose performance has been steady over the long term
 "Bet on a consistent performer as fund manager for NPS")
Senior citizens can earn good returns from NPS
The raising of the entry age in NPS has opened up an attractive new investment avenue for them
 "Senior citizens can earn good returns from NPS")
National Pension System joining age limit to be raised to 65 years
NPS is currently open for people between 18 and 60
 "National Pension System joining age limit to be raised to 65 years")
What ails National Pension System?
Over 90 per cent of subscribers in NPS are government employees. The rest invest to get tax benefits
 "What ails National Pension System?")
Pension watchdog for tax parity between NPS and EPF
FSDC holds first meeting after demonetisation; Jaitley says economy robust in fundamentals
 "Pension watchdog for tax parity between NPS and EPF")