Daily Headlinez Top News Updates
New Delhi: Pension Fund Regulatory and Development Authority (PFRDA) Tuesday launched the new ‘NPS Swasthya Pension Scheme’ to assist subscribers in covering both the outpatient and in-patient medical expenses through their pension savings. The scheme will be contributory in nature under the Multiple Scheme Framework (MSF) and will be offered to Indian citizens on a…
MUMBAI: Soon, banks will be able to independently sponsor funds for managing National Pension System (NPS) assets, as PFRDA on Thursday approved in principle a framework that seeks to remove regulatory constraints that had thus far limited banks’ participation in the pension fund management business. “PFRDA board has approved, in principle, a framework to permit…
India’s pension regulator has relaxed exit and withdrawal norms under the National Pension System (NPS), giving non-government subscribers greater flexibility over their retirement savings and extending the investment horizon to age 85, PTI reported.Under the revised rules, non-government NPS subscribers will now be allowed to withdraw up to 80% of their accumulated pension wealth at…
In a significant overhaul of retirement withdrawal norms, exiting the National Pension System (NPS) has become more flexible for non-government subscribers. Under amended rules notified by the Pension Fund Regulatory and Development Authority (PFRDA), eligible NPS members can now withdraw up to 80 per cent of their retirement corpus as a lump sum at the…
The Pension Fund Regulatory and Development Authority (PFRDA) will create a dedicated NPS fund-of-funds platform to route pension money into selected alternative investment funds (AIFs), chairman S Ramann said on Tuesday, outlining a broader push to position pension assets as a stable source of long-term capital for India’s private markets. Speaking at IVCA DII &…
Mumbai: Individuals with an NPS account will soon be able to spread their retirement savings across multiple schemes instead of sticking to a single option. The Pension Fund Regulatory and Development Authority (PFRDA) has rolled out a Multiple Scheme Framework (MSF) for non-government sector subscribers.The move is significant for corporate employees, professionals, self-employed individuals and…
The Pension Fund Regulatory and Development Authority (PFRDA) is aiming to bring 50 lakh beneficiaries of the PM SVANidhi scheme under the Atal Pension Yojana (APY), chairman S Ramann said on Monday.The PM SVANidhi micro-credit scheme, launched by the government on June 1, 2020, offers collateral-free loans of up to Rs 50,000 to eligible street…
