Let govt staff's pension funds to invest 50% in equities: PFRDA
The pensions fund regulator PFRDA wants government to more than treble investment levels in equity markets by government subscribers under the National Pension System (NPS) up to 50 percent from 15 percent now.
Mar 09, 2017, 18:18 PM IST
No tax on fund transfer from PF to NPS: All you need to know
The Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday said funds transferred from Provident Fund account to National Pension System (NPS) account will not attract any tax.
Mar 07, 2017, 21:08 PM IST
NPS subscribers can shuffle fund allocation twice a year
Pension fund regulator PFRDA has tweaked investment norms to allow subscribers of National Pension System to change their asset allocation twice in a financial year.
Mar 02, 2017, 18:06 PM IST
NPS private subscriptions grew 60% till January: PFRDA
The Pension Fund Regulatory and Development Authority (PFRDA) on Wednesday said the number of private sector subscribers of New Pension Scheme (NPS) saw a 60 percent increase during the April 2016 to January 2017 period due to exemptions provided in the earlier Budget.
Feb 15, 2017, 19:30 PM IST
To check misuse of NPS, PFRDA bars third party payments in Tier II accounts
In order to arrest the misuse of NPS, pension fund regulator PFRDA has said contribution to savings account (also called Tier-II account), which is attached to pension funds, can only be made by the subscriber and not by any third party.
Jan 15, 2017, 18:17 PM IST
No need to submit form for NPS account if opened via Aadhaar
Simplifying the process, pension fund regulator PFRDA has dispensed with the requirement of submission of physical application form for NPS account opening if done through Aadhaar verification and e-Signature.
Jan 01, 2017, 12:00 PM IST
PFRDA mulls various withdrawal options to optimise pension
In its bid to optimise the retirement income of the New Pension System (NPS) members, PFRDA is exploring alternative mechanisms for introducing different variants of the withdrawal options, a senior official said.
Dec 25, 2016, 20:37 PM IST
PFRDA plans 10-time hike in commission for fund managers
Pension fund regulator PFRDA is planning to increase the commission for pension fund managers by 10 times to 0.1 per cent from the present 0.01 per cent, a top official said on Monday.
Nov 21, 2016, 22:40 PM IST
NPS subscribers to pay for advisory services: Pension regulator
National Pension System (NPS) subscribers will now have to pay for seeking the services of retirement advisers as pension regulator PFRDA has permitted them to charge a fee ranging between Rs 100 and Rs 1,000.
Sep 23, 2016, 19:34 PM IST
NPS: PFRDA lowers minimum contribution to Rs 1,000 per year
To encourage more people to join the National Pension System, regulator PFRDA has substantially lowered the minimum annual contribution to Rs 1,000 to keep the account active.
Aug 15, 2016, 10:46 AM IST
NRIs can now join NPS online through eNPS: Finance Ministry
The Finance Ministry today said non resident indians (NRIs) can now open National Pension Savings (NPS) accounts online if they have Aadhaar Card or PAN card.
Jun 17, 2016, 18:25 PM IST
Give govt employees freedom to choose fund managers: PFRDA
Insurance regulator PFRDA wants government employees to be given freedom to choose their fund managers and investment pattern for money invested in Atal Pension Yojana.
Apr 12, 2016, 20:35 PM IST
PFRDA to train 75,000 people to drive NPS
Pension fund regulator PFRDA proposes to train 75,000 people who will form a "totally committed" workforce for the implementation of government's National Pension System
Mar 27, 2016, 17:04 PM IST
PFRDA chief hails NPS tax exemption, bats for parity
Tax exemption of up to 40 percent of the retirement corpus at the time of withdrawal under NPS is a big step by the government and going forward, there may be more parity between existing pension schemes, PFRDA Chairman Hemant G Contractor said on Wednesday.
Mar 16, 2016, 19:37 PM IST
Good news for NPS subscribers: Online payment facility launched
Subscribers of New Pension System can now make their contributions online through net banking, credit or debit cards with pension fund regulator PFRDA launching a platform for the same.
Jan 07, 2016, 21:07 PM IST
PFRDA switches to PAN for online enrolment under NPS
Pension fund regulatory body PFRDA has started using PAN instead of Aadhaar for validation of new customers who can now be registered online under the National Pension System (NPS) scheme.
Dec 20, 2015, 17:02 PM IST
Finance Ministry mulls allowing more pension funds in equities
The Finance Ministry is considering a proposal to raise investment limit of pension funds in stock markets to 50 per cent and a decision is expected in a short time, PFRDA Chairman Hemant G Contractor has said.
Nov 22, 2015, 17:45 PM IST
Only online withdrawals of pensions from April 2016: Pension regulator
Pension fund regulator PFRDA has made it mandatory for the subscribers of New Pension System (NPS) to submit applications online for settlement of withdrawal claims from April 1 next year.
Nov 22, 2015, 17:17 PM IST
Finance Ministry to look into raising equity investment proposal: Pension fund regulator
Pension funds regulator has said that finance ministry will look into the proposal of increasing the investment of pension funds in the equity market up to 50 percent of the corpus from the current 15 percent.
Oct 11, 2015, 11:21 AM IST
PFRDA to invite bids for pension fund managers
Regulator PFRDA Friday said it will invite fresh bids for appointing Pension Fund Managers (PFMs) for the Rs 90,000 crore corpus.
Aug 07, 2015, 17:05 PM IST