Page 3 - Pension Fund

CDPQ buys add'l 10% in Mumbai-based Apraava Energy at Rs 660 cr deal value

With this, the Canadian pension fund's stake in the firm goes up to 50%

'PFRDA may look beyond annuities if Act's tweaked,' says chairman

New annuity products, however, will require no modifications to Act

Tata Asset and Max Life Insurance get approval to set up pension funds

Tata Asset Management and Max Life Insurance Co have recently received a nod from the pension sector regulator for setting up pension fund managers

US pension fund to vote against Aramco chair for Reliance board: Report

The California State Teachers' Retirement Fund has decided to vote against the appointment of Saudi Aramco's chairman as an independent director to the board of RIL, BloombergQuint reported

PFRDA pension subscriber base rises 24% to 4.53 crore till August

The Pension Fund Regulatory and Development Authority (PFRDA) on Friday said subscriber base under its flagship pension schemes rose by 24 per cent in August this year to over 4.53 crore.

CDPQ becomes 20% owner in Edelweiss ARC

Caisse de depôt et placement du Quebec (CDPQ) is one of North America's largest pension fund managers

Pension money to soon be allowed into IPOs, NSE-200 companies: PFRDA

Pension fund managers (PFMs) will soon be allowed to invest in initial public offerings, and also in a broader list of stocks, a top official from sector regulator PFRDA said on Tuesday.

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

PFRDA looking to introduce minimum assured return product: Chairman

PFRDA is working on plans to introduce innovative retirement benefit products, such as one providing minimum assured return, to attract more subscribers, its Chairman Supratim Bandyopadhyay said

Budget: Relief from double taxation for NRIs' earnings in pension account

So, if a person moves to India and becomes a resident Indian for tax purposes, they get taxed on any income they earn in these accounts

Pension regulator pitches for tax incentives in upcoming Budget 2021

The pension regulator also wants tax parity for employees of state governments and private companies with those of the central government in respect of contribution to the NPS

ESIC social security scheme sees around 821,000 enrolments in March

The NSO report is based on the payroll data of new subscribers of various social security schemes run by ESIC, retirement fund body EPFO and pension fund regulator PFRDA.

Pension market set for deep reforms; foreign funds to get more leeway

This could entail a thorough rewrite of the pension products that insurance companies and some mutual funds offer today

Latest victim of 2018's stock rout is Japan's Government Pension Fund

More than $10 trillion in equity value was wiped out from the global markets last quarter as an ongoing trade spat between the US and China raised concern over a slowdown in growth

Govt issues fresh guidelines to 12 major ports for pension fund investment

At present, pension, provident and surplus funds at major ports add up to around Rs 30 billion, yielding interest of around Rs 27 billion

Pension regulator PFRDA relaxes norms, allows partial withdrawal under NPS

NPS subscribers who have contributed for three years can now withdraw up to 25 per cent of the corpus for meeting specified expenses

World's biggest pension fund posts record $92-billion gain

Japanese shares returned 15 per cent over the three months