Page 4 - Nps Scheme

PFRDA appoints Suraj Bhan as chairman of NPS Trust with effect from Nov 12

Pension Fund Regulatory & Development Authority has appointed Suraj Bhan as the chairman of the National Pension System Trust (NPS Trust), responsible for managing funds under the National Pension System (NPS). Consequent upon the tenure of the present chairman of the trust coming to an end on November 11, 2022, the authority has designated Suraj Bhan as chairperson of the board of the Trustee with effect from November 12, 2022, Pension Fund Regulatory & Development Authority (PFRDA) said in a circular. Bhan has been a Trustee on the Board of NPS Trust since 2018. He joined the Indian Economic Service in 1983 and retired as Director General of Labour Bureau, Chandigarh, in January 2018. He has varied experience across several sectors with the government and public sector undertakings in the areas of economic policy, business, industry and finance.

Govt employees' pension: 'Old versus new' debate gathers momentum

Reverting to OPS is being considered an easier option from a political standpoint, but could financially stress the states

PFRDA proposes tweaks in NPS subscribers rule: Here's what could change

The Pension Fund Regulatory and Development Authority (PFRDA) is in talks with the Insurance Regulatory and Development Authority of India (IRDAI) to let NPS subscribers port their annuity plans

NPS exit form to be treated as proposal to purchase annuity products: Irdai

Regulator eases rule for senior citizens taking annuity products from proceeds of National Pension Scheme

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

Fresh urgency on pension reforms

The Union government needs to step in and lead the next round of pension reforms, which are now in danger of unravelling

NPS subscribers up 24 per cent YoY to 53.17 million in May: PFRDA

The Atal Pension Yojana scheme saw an increase in subscribers by 31.60 per cent to 37.2 million in May 2022

Department of Posts starts providing NPS services through online mode

Department of Posts is now pleased to start providing NPS (All Citizen Model) through online mode with effect from April 26, 2022," the statement said

NPS assured return scheme likely to offer modest return, go equity-heavy

For a long-term goal like retirement, NPS subscribers should ideally opt for an equity-heavy portfolio

NPS to include assured returns; new products likely to come in August

The NPS has offered higher returns so far than other schemes

NPS subscribers can soon switch asset allocation 4 times in a year

Currently, the subscribers under the NPS scheme are allowed to change the investment pattern twice in a financial year

PFRDA kick-starts pension awareness campaign; observes NPS Diwas on Oct 1

Ahead of NPS Diwas next month, pension regulator PFRDA has kick-started a campaign to create awareness about the need for a pensioned society in the country.

NPS fund managers have more choices as investment universe expands

Investment advisors are not comfortable with the idea of a retirement product like NPS investing in IPOs

PFRDA set to provide a better option than annuities to NPS members

Mulls raising threshold to Rs 5 lakh from current Rs 2 lakh for exemption from annuity requirement, hiking maximum age to 70 yrs from 65 yrs for NPS entry, a minimum guaranteed product, on-tap license

Don't withdraw from the NPS corpus unless you are facing an emergency

While new online facility will make part withdrawal convenient, subscribers must exercise restraint

PFRDA to finalise guaranteed plan with minimum return by FY21 end

Regulator to raise cap on fee of fund managers; AUM of pension funds increases by 35% to Rs 5.5 trillion

PFRDA to engage consultancy for separating NPS Trust, structuring

In the Union Budget for 2019-20, the government had proposed to separate the NPS Trust from the pension regulator in order to address issues over conflict of interest

Govt mulls to amend PFRDA Act; to separate it from NPS Trust: FM Sitharaman

FM Sitharaman also said that the government will help ease in mobility while in jobs

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.

Govt employees to enjoy greater say in how their NPS corpus is invested

Younger employees should raise their allocation to equities in this very long-term investment instrument