Goldman Sachs weighs selling part of wealth business in broad strategy revampGoldman's wealth business has lagged behind rivals, including Morgan Stanley, where CEO James Gorman built the wealth management arm throug...
Goldman Sachs weighs sale for part of its wealth businessGoldman bought the registered investment adviser, formerly known as United Capital Financial Partners, for $750 million in 2019 when it man...
How to open NPS Tier II accountNPS Tier II accounts can be opened with Tier I accounts or they can be activated later online or at a Point of Presence (POP).
National Pension System: Know your NPS statementThere will be different sections in your statement. According to the NSDL website, below are some specifics about your NPS statement for no...
How to make changes to NPS investment choiceNPS subscribers can change the portfolio management company which manages the pension fund. Change in portfolio manager can be done after a...
How to read NPS transaction statementThe first section holds subscriber details such as personal details, contact details, nominee details and the subscriber’s nodal office det...
Now invest up to 75 percent in equity option of NPSThe PFRDA has enhanced the limit for NPS under its Active Choice to invest in Asset Class E (equity) to a maximum of 75% from the earlier l...
NPS transaction statement: What you should checkNPS statement mentions the subscriber’s personal details such as name, address, contact details, name and address of the nodal office and o...
5 operational changes that make investing in NPS easierThe initiatives taken by PFRDA benefit both existing and new subscribers of NPS. Here is a look at five major operational changes in the NP...
Lodha looks to raise Rs 1,500 crore from Piramal FundPiramal Fund Management responded saying the company from time to time explores various investment opportunities as part of its routine bus...
Piramal Fund Management invests Rs 425 crore in a Lodha ProjectPFM has committed the money to a project being developed by a 100% subsidiary of Lodha Developers, the flagship company of Lodha Group.
Co-operative federalism requires greater competence by states, says expertThe individual states will need to manage a rather complex set of three PFM objectives, involving difficult tradeoffs and sequencing decisi...
Piramal Fund sanctions Rs 1,200 crore for Mumbai realty projectThe Fund, a unit of Piramal Enterprises Ltd, claimed it was one of the biggest realty project finance transactions in recent times.
- GDS to get retirement pension; Govt to spend Rs 70 cr annually
The Government will deposit Rs 200 per per month for Gramin Dak Sevaks involving an annual expenditure of about Rs 70 crore to provide for ...
- Rs 2,000-cr corpus for new pension scheme
Once approved by Parliament, the funds will have to be transferred to the PFMs. This has to be provided for in Centre’s as well as states’ ...
- PFMs will charge less fee for services
Commission costs charged by pension fund managers (PFMs) to manage assets of subscribers will now be restricted to 1.5% of the total assets...
- Govt staff may get assured pension return
To drum up the support of Left parties for the new pension scheme (NPS), the finance ministry is working on a plan to provide government em...