RETIREMENT


Moneylife Digital Team 21 April 2015
One is a guaranteed return product and another is market-linked. Even well-educated people who attend Moneylife Foundation seminars don’t understand the distinction between the two    Employees may soon have an option to choose between the employee provident fund (EPF) scheme run by...

Read More



There is a proposal to increase allowance under the old age pension scheme to Rs300 from Rs200 per month. How will this princely amount help anyone over a period of one month, is a question that the sarkari babus and ministers should answer   Exactly one week prior to the presentation...

Read More



Sailesh Mishra 28 February 2015
The Finance Minister has announced a slew of low-cost pension and insurance schemes, including Atal Pension Yojana and Universal Social Security scheme that would help to tackle issues faced by senior citizens   Union Budget 2015, presented by Finance Minister Arun Jaitley, was a...

Read More



Moneylife Digital Team 17 February 2015
According to Principal Financial Well Being Index 2014, while 70% people say they are financially prepared for retirement, just 49% know how much money they would require post-retirement   The Principal Financial Well Being Index, which touches upon the perceptions and attitude of...

Read More



Moneylife Digital Team 19 November 2014
The Modi government launched Jeevan Praman, an Aadhaar-based digital life certificate for pensioners. But who will bear the cost of biometric reading device required to submit pensioner’s data?   Last week, Indian Prime Minister Narendra Modi launched Jeevan Praman, a digital life...

Read More



Moneylife Digital Team 18 September 2014
PFRDA chairman Verma said the government aims to cover 80 lakh under the Swavalamban pension scheme by FY15   The Indian government is targeting about 80 lakh subscribers under its Swavalambam pension scheme, a part of the ambitious financial inclusion Jan-Dhan Yojana, by the end of...

Read More



Moneylife Digital Team 26 August 2014
Despite some protest by the trade union members of the CBT, The board decided to retain interest rate on the PF deposits at last year's level of 8.75% for FY2015   The Employees' Provident Fund Organisation (EPFO) on Tuesday decided to retain interest payment on provident fund...

Read More



The Union Budget 2014-15 has talked about retirement saving products and in the process created confusions   The maiden budget of Narendra Modi-led National Democratic Alliance (NDA) government mentions on page 12 that that there would be a “uniform tax treatment for pension and...

Read More



Retirement homes offer tremendous opportunity and scope for real estate business to take professional care for the elderly citizens who are now left to fend for themselves! The house of Tatas is known for their charitable disposition. And, when during the press conference in Delhi,...

Read More



Moneylife Digital Team 13 January 2014
The EPFO had surplus funds, which enabled it to raise interest rate to 8.75% for 2013-14 from 8.5% in the previous financial year Retirement fund body Employees' Provident Fund Organisation (EPFO) on Monday decided to increase the rate of interest on provident fund (PF) deposits to 8.75%...

Read More



Moneylife Digital Team 27 December 2013
Central Board of Trustees, the apex decision making body of EPFO, in its meeting on 14th January is likely to approve proposal to appoint a consultant to start process for selection of new fund managers The Employees’ Provident Fund Organisation’s (EPFO) is planning to decide next month...

Read More



Nagesh Kini Nagesh Kini 02 December 2013
Elderly population in India is turning into the new customer segment that is large and distinctive with significant purchasing power Today there is an urgent need to address the wellness of present day Elders, officially designated Senior Citizens, that encompass their physical,...

Read More



Sucheta Dalal Sucheta Dalal 26 November 2013
Will the next PFRDA chairman be another bureaucrat on a sinecure after exodus of PFRDA chairman Yogesh Agarwal? The process of appointing and supervising the many independent regulators in the financial sector is clearly breaking down. Over the past few years, Moneylife has repeatedly...

Read More



Sucheta Dalal Sucheta Dalal 29 October 2013
The collective voices of senior citizen through Moneylife Foundation and many others has finally been heard. The government has announced that reverse mortgage annuity would be tax-free. However, there is lot more that needs to be done, including regulation, to make senior citizens live a...

Read More



Moneylife Digital Team 02 October 2013
Unlike mutual funds, where a fund house allots units at the NAV on the same day or next business day, depending on the cut-off time for payments received, contributions to accounts in New Pension System –NPS units allotted, at least, four days and up to 10 days after, for non-cash...

Read More



Moneylife Digital Team 04 September 2013
The newest addition to the Pension Bill allows subscribers to invest in stock market with a cap of 26% FDI and also provides old age income security for government employees The Pension Fund Regulatory and Development Authority Bill (PFRDA), 2011 was passed by the Lok Sabha today in the...

Read More



Moneylife Digital Team 03 September 2013
Subscribers to Employees Provident Fund Organisation (EPFO) who have a complaint can now directly dial the EPFO office—not just in their region but the head office in Delhi—and the aggrieved member may end up sharing his woes with none other than the Chief Provident Fund Commissioner (CPFO)...

Read More



Moneylife Digital Team 19 June 2013
EPFO is also introducing a facility where claimants would be able to apply online for transfer and withdrawal of their PF from 1st July   Employees’ Provident Fund Organisation (EPFO) is planning to claims like transfer and withdrawal of provident fund within three days. The move from...

Read More



Moneylife Digital Team 23 April 2013
The central bank decided to delink the penal interest levied for delayed credit of pension, revised pension and arrears from the bank rate plus 2% and charge a fixed interest rate of 8% on such delays The Reserve Bank of India (RBI) has asked all agency banks to compensate all...

Read More



Moneylife Digital Team 03 April 2013
Especially in the Face of Economic Turmoil Arecent research by Thomas Bridges and Frank P Stafford, of the University of Michigan Retirement Research Center, focused on how Americans reacted to economic crisis and how it affected their retirement savings. Preliminary studies by the...

Read More

Free Helpline
Legal Credit
Feedback