Page 8 - Pfrda

PFRDA pension subscribers' base jumps to over 43.5 million at end of June

PFRDA has registered a 24 per cent jump in its subscribers' base under two flagship pension schemes to more than 43.5 millions at the end of June.

PFRDA AUM crosses Rs 6 trillion-mark, last trillion coming in seven months

NPS subscriber numbers have swelled over the years with 7.41 mn govt employees and 2.84 mn joining from non-govt

NPS subscriber base increases in April despite second Covid-19 wave

NPS subscribers grew 23.33 per cent to about 42.7 million by the end of April, from 34.6 million a year ago, and 42.4 million in March this year, according to PFRDA

PFRDA subscriber base jumps over 23% to 42.7 million by April 2021

The Pension Fund Regulatory and Development Authority has registered over 23% jump in the subscriber base under its two flagship pension schemes at 42.7 mn by the end of April 2021

Hike in NPS investment management fee need not be a deterrent: Experts

Invest if you want tax benefit and are okay with long lock-in and 40% annuitisation

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

Subscriber base of NPS, APY up 22% to 4.05 cr at Jan-end 2021: PFRDA

The number of subscribers under government-run pension schemes NPS and APY rose nearly 22 per cent to 4.05 crore at January-end this year, according to data from PFRDA.

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

Pension assets under management at Rs 5.49 trn as of Dec 2020: PFRDA

Total assets under management in government's flagship social security schemes -- National Pension System (NPS) and Atal Pension Yojana (APY) -- stood at Rs 5,48,913 crore at end-December 2020

PFRDA raises cap on fund management charges as it floats RFPs

There would now be four slabs, each attracting charges based on the quantum of assets under management

Allow insurance, pension funds to invest in lower-rated debt: SBI chief

Dinesh Kumar Khara says this is needed to ensure money flows into infrastructure, as is the case across the globe

Will ask govt to make employers' contribution tax-free in Budget: PFRDA

Pension fund regulator PFRDA will propose to the government to make employers' contribution of 14% under NPS tax free for all categories of subscribers in the next Budget

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 likely to finalise guaranteed return product under NPS by fiscal end

Pension Fund Regulatory and Development Authority (PFRDA) on Thursday said it expects to finalise the assured return product under the National Pension System (NPS) by the end of this fiscal

AUM under NPS, Atal Pension Yojana crosses Rs 5 trillion, says PFRDA

The total assets under management of the National Pension System and Atal Pension Yojana have crossed Rs 5 trillion, regulator PFRDA said on Thursday

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

Make most of rupee-cost-averaging in NPS as well, with introduction of SIP

While this will help investors become more disciplined in saving for their retirement, the transaction charge could be a concern for those investing small amounts

What makes the NPS so crucial to retirement planning in an ageing India

India still does not have a "one retirement account" concept, with the intended money distributed across various schemes. Pension fund managers are underlining NPS as the preferred way ahead

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

Salaried class pours, informal workers pare pension money: PFRDA data

Contributions towards pension rose as new subscriber growth fell in April-July