Only those investors who remain invested for 10 years will get a guaranteed return and if the actual return falls below the assured amount, pension fund managers shall bridge the gap
Reverting to OPS is being considered an easier option from a political standpoint, but could financially stress the states
Reverting to OPS is being considered an easier option from a political standpoint, but could financially stress the states
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
Committee set up by pension regulator to consider suggestions made by consultant for scheme
Besides senior government officials, private sector employees who have worked at the level of CEO, CFO, COO or equivalent are also eligible to apply for post
Atal Pension Yojana (APY) -- the highest contributor to the subscriber base -- registered a growth of 31.6 per cent to 37.2 million by end of May this fiscal year.
The Atal Pension Yojana scheme saw an increase in subscribers by 31.60 per cent to 37.2 million in May 2022
Regulator looks to give three pension fund choices for each asset class in non-govt sector
The total number of subscribers for National Pension Scheme (NPS) and Atal Pension Yojana (APY) stood at 5.33 crore as of June 4, PFRDA chairperson Supratim Bandyopadhyay said. As of June 4, 2022, the Asset Under Management (AUM) under NPS and APY was at Rs 7,39,393 crore. The number of subscribers in the category of central government employees of NPS was 22.98 lakh and AUM at Rs 21,876 crore. Total subscribers in state government employee category of NPS was 56.46 lakh and AUM at Rs 3,69,837 crore in the period. The subscriber base in corporate and pension categories was 14.79 lakh and 23.61 lakh, respectively. "Of late, (subscribers in) corporate and private segments are increasing at a much larger pace than in the government sector," Bandyopadhyay said. The Atal Pension Yojana subscriber base increased to 3.739 crore as of June 4.
The government issued a notification saying that the old pension scheme will be effective from April 1, 2022
The number of subscribers under the two flagship pension schemes of PFRDA increased nearly 23 per cent to over 5.23 crore by April-end 2022. The subscriber base of the two schemes combined was 4.26 crore in April last year, Pension Fund Regulatory and Development Authority (PFRDA) data showed. The flagship schemes -- National Pension System (NPS) and Atal Pension Yojana (APY) -- had total asset under management of Rs 7,38,765 crore at April-end 2022, rising by 25.25 per cent from the year-ago period. "The number of subscribers in various schemes under NPS rose to 523.87 lakh by end-April 2022 from 426.75 lakh in April 2021 showing a year-on-year increase of 22.76 per cent," it said. The number of subscribers under APY grew nearly 30 per cent to 3.65 crore by April this year. The rest 1.58 crore subscribers belonged to various categories under NPS -- the pension scheme which mainly caters to the government sector and corporate sector employees. APY is mainly targeted towards provi
The private sector is expected to drive growth of the NPS, which has witnessed exponential rise over the last five years, in terms of number of subscribers as well as assets under management
The number of subscribers under two flagship pension schemes by PFRDA jumped 22 per cent year-on-year to more than 5.07 crore by the end of February
The NPS has offered higher returns so far than other schemes
NPS is within reach of becoming a compelling choice for every Indian investor
The equity exposure for the NPS subscribers from other than the government sector was increased to 75 per cent three years ago
While PFRDA will now allow investors to alter their investment choices four times in a financial year, tinkering too frequently may not be advisable except in volatile market conditions
The subscribers in the category of central and state government employees of the National Pension System (NPS) rose by 4.71 per cent and 9.74 per cent, respectively
New annuity products, however, will require no modifications to Act