I am a distributor of mutual funds in Nashik.UTI MF’s Index Select Fund announced a 110% dividend on 11 January 2008. I had personally submitted four applications of Rs one lakh for four clients. UTI took one month to clear the cheque and all four clients have still not received the dividend. For the past month and a half, I have been following up with UTI MF’s office at Nashik and Mumbai but...

The discussion revealed that legislation on reverse mortgages and wills is either inadequate or riddled with complexity—clear evidence that the government and its regulators are out of sync with reality and people’s needs

At a time when joint family structures are disintegrating and most people have created their own properties and nest-egg, two issues are uppermost in their mind.

First,...