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Lok Sabha okays pension fund bill

Lok Sabha, Pension Fund Regulatory and Development Authority Bill, New Pension SystemThe Lok Sabha today passed the Pension Fund Regulatory and Development Authority Bill (PFRDA), 2011 to regulate the New Pension System (NPS).The bill was introduced in the lower house in March 2011 to provide for a statutory regulatory body. Currently the PFRDA has a non-statutory status.The NPS has been made mandatory...
Source : Headlinesindia |
Category : Headlines

Implementation of Pension Fund Regulatory & Development Authority Act major task: FM P Chidambaram

said.Implementation of Pension Fund Regulatory & Development Authority Act major task: FM P ChidambaramThe PFRDA Act would give statutory status to the pensions sector regulator, and in addition to other objectives, aims to address apprehensions regarding safety and yield under the National Pension System (NPS).has said the implementation of the Pension Fund Regulatory & Development Authority (PFRDA)...
Source : The Economic Times |
Category : Business

Deutsche Bank in Japan probe for 'entertaining' pension clients

Logos of Deutsche Bank AG are seen in Tokyo on Monday, Sept 9, 2013. Japan's securities market watchdog is investigating whether Deutsche Bank AG employees provided excessive entertainment to Japanese pension fund executives in breach of regulations, sources with knowledge of the matter said. -- PHOTO: REUTERSTOKYO (REUTERS) - Japan's securities market watchdog is investigating whether Deutsche Bank...
Source : Straits Times |
Category : Business

Govt changes norm for widows to get pension

has done away with the requirement for widows to present themselves before two gazetted officers to "verify" their status for getting family pension in certain cases.The Ministry of Personnel, Public Grievances and Pensions has received representations from various quarters to do away with the condition of applying for family pension through 'Form 14' as it was causing inconvenience to widows, who...
Source : Zeenews |
Category : National | City : New Delhi

Government relaxes norm for widows for getting family pension

Widows will no longer have to present themselves before gazetted officers to verify their status for getting family pension. The government has decided to do away with the requirement of submission of 'Form 14' for commencement of family pension where the pensioner and spouse hold a joint account.This was informed by Minister of State for Personnel, Public Grievances & Pensions V Narayanasamy to members...
Source : DNA |
Category : Others | City : Mumbai

Govt relaxes norm for widows for getting family pension

Widows will no longer have to present themselves before gazetted officers to verify their status for getting family pension.The government has decided to do away with the requirement of submission of 'Form 14' for commencement of family pension where the pensioner and spouse hold a joint account.This was informed by Minister of State for Personnel, Public Grievances & Pensions V Narayanasamy to members...
Source : Zeenews |
Category : National | City : New Delhi

Govt changes norm for widows' pension

done away with the requirement for widows to present themselves before two gazetted officers to ‘verify’ their status for getting family pension in certain cases.The Ministry of Personnel, Public Grievances and Pensions has received representations from various quarters to do away with the condition of applying for family pension through 'Form 14' as it was causing inconvenience to widows, who find...
Source : Rediff |
Category : Business

UK overtakes Japan as world's second-biggest pensions market

Years of sluggish growth in Japan have stripped it of its long-held status as the world's second-biggest pensions market and it has been overtaken by Britain where pension assets have hit an all-time high, according to research.A decade ago, Japan boasted a pensions market more than twice the size of Britain's and second only to the United States (US). But low bond yields and a weak economy have seen...
Source : Straits Times |
Category : Business

Pension Parishad urges PM to meet 100 elderly people

meet 100 elderly people who are part of an indefinite agitation here, after assurances given by the government to restructure the existing pensions scheme have not materialized.In its letter to the prime minister, the organisation stated that the targeted pension of Rs.200 per month, that forces senior citizens to live in penury and destitution is an unacceptable violation of fundamental rights, and...
Source : Prokerala |
Category : Others | City : National

AMF Rejects VW's Bid for Scania Stake

STOCKHOLM—Swedish pension fund AMF on Sunday officially rejected Volkswagen AG's offer to buy out minority shareholders in Scania AB, saying the deal didn't reflect long-term value.AMF owns a 0.83% stake in Scania and is the first significant investor in the truck maker to turn the deal down. The pension fund is one of many firms that is included in a group of minority shareholders Volkswagen is looking...
Source : WSJ |
Category : Others