RETIREMENT


Moneylife Digital Team 05 September 2011
Even the Rs1,000 giveaway announced by the FM in the 2010-11 budget to potential savers has failed to make them join the NPS. It is obvious that potential investors tend to shun market volatility and prefer guaranteed returns Only around 51,000 people have subscribed to the 'voluntary'...

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Moneylife Digital Team 02 September 2011
Returns from NPS have varied between 12.52% and 1.82% even for bond schemes, since they are market-determined. This is sure to put off savers. Even a massive dose of financial literacy will not help An analysis of the performance of pension fund managers in the New Pension System (NPS)...

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With interest rates climbing and the government placing the management of EPFO funds largely in private hands, the provident fund scheme could become a less attractive savings option What has the increase in interest rates, announced on Tuesday by the Reserve Bank of India, got to do...

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The attitude towards employees, who actually go to an EPFO office, or try to communicate with them directly, is ‘here is somebody who wants his money, how dare he. Let us do as much as we can to trouble him or her, or the nominees, and meanwhile make merry.’ Can the EPFO be trusted...

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Moneylife Digital Team 20 July 2011
The majority of potential investors in this still-struggling scheme do not have an online platform for making payments. More points of presence are needed at various banks. Apart from these issues, the Bajpai Committee (set up by the Pension Fund Regulatory and Development Authority)...

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At last things are improving for harried employees Employees have a tough time tracking the status of their provident fund (PF) accounts over the Web. Of late, the Internet has been flooded with PF-related complaints. “I have made a PF withdrawal claim 5-6 months back from my...

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Employees subscribing to provident fund have not been able to exploit the entire benefit due to cumbersome procedure and a general lack of awareness of the rules. Now, through the efforts of experts and the organisation, much could change Provident fund in India is a well-known concept...

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The Pension Fund Regulatory and Development Authority is trying to revive the New Pension System starting with a review of fund managers. The Pension Fund Regulatory and Development Authority (PFRDA) will hold a meeting with fund managers of the New Pension System (NPS) on 17th May to...

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There are better options, other than insurance as an investment, for your later life How much are we willing to pay, to provide for our family? What is it that we really want, if something fatal were to happen to us? How much of a role does money play in this? These are difficult to...

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Veeresh Malik Veeresh Malik 27 January 2011
Whenever and wherever you are Generations of Indians who went to work abroad were either not covered by any social security provision or worse still—as in the case of H1B workers going to the US—they saw their social security payments debited from their salaries but not paid to them when they...

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Moneylife Digital Team 10 November 2010
PFRDA has given up on distributors of NPS and wants to get fund managers to push NPS. This makes no sense especially since fund companies are not able to sell even a tried and tested product like equity mutual funds after a slew of SEBI’s regulatory changes The Pension Fund Regulatory and...

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Moneylife Digital Team 09 November 2010
Top PFRDA official not bothered over states staying out, exposing another fatal flaw in the project — will the scheme just remain another governmental non-starter? The state governments have not been enthusiastic participants in the New Pension System (NPS) but this does not bother the Pension...

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Ravi Samalad 21 September 2010
Pension committee considers changing stipulation of minimum four annual contributions to pension scheme; is also looking at maximising gains for subscribers by reducing the time lag in the investment of funds and reducing record-keeping charges The New Pension System (NPS), which was thrown...

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Moneylife Digital Team 09 September 2010
The PFRDA is trying to get pension fund managers to push NPS. This makes no sense especially since fund companies are not able to sell even a tried and tested product like equity mutual funds If the chairman of the pension regulatory body has his way, we may soon witness a repeat of the havoc...

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Moneylife Digital Team 26 August 2010
Central government employees are getting an unfair deal with the NPS as politicians play politics and finance ministry plays safe Central government employees have missed out on one of the biggest bull runs, which would have given them the desired head start that they needed, and for no fault...

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Moneylife Digital Team 26 August 2010
Pinched by RBI’s scathing criticism of the inordinate delays in pension payouts to its customers, the state-run lender has put up advertisements in leading dailies, saying ‘We care for you’ Four months after Moneylife had reported that the Reserve Bank of India (RBI) had cracked down on the...

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The new PFRDA chairman’s initial thoughts to reform NPS: make fund managers compete on fees and performance! Yogesh Agarwal, the new regulator of the Pension Fund Regulatory and Development Authority (PFRDA), is keen to make the New Pension Scheme (NPS) work. NPS has not taken off so far...

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Sucheta Dalal Sucheta Dalal  and   Dolly Mirchandani 15 July 2010
Retirement communities are being pitched as a ‘lifestyle’ choice for senior citizens who want to retain their independence and yet ensure that they are well cared for in their twilight years. Sucheta Dalal & Dolly Mirchandani explore the options India’s rising income levels, life...

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Moneylife Digital Team 16 June 2010
The revised Direct Tax Code will give a big edge to retirement products over equity and equity-linked mutual funds, which are slated to be burdened by long-term capital gains tax after a long time Strong winds of change are set to blow over the financial landscape in India. The government...

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Moneylife Digital Team 27 May 2010
The pension regulator needs to take a deeper look into what is weighing down the scheme. Here are a few issues that need to be sorted out, say experts The pension regulator, Pension Fund Regulatory and Development Authority (PFRDA) has reportedly sought tax relief on investments in the...

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