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CHAIRMAN HEMANT CONTRACTOR
Government to soon start selection process for new PFRDA chairmanAs per the Act, the chairman will have a tenure of 5 years or till age of 65 years, whichever is earlier.- PFRDA looks at ways to allow minors open account under NPSWe are looking at the possibility of allowing minors to join NPS because in some countries it is allowed. So we are looking at that issue, ...
- PFRDA mulls measures to expand NPS, Atal Pension Yojna outreachAt present, the NPS has more than 1.57 crore subscribers with total assets under management of over Rs 1.72 lakh crore.
- NPS subscriber base to grow at 35% in FY18: PFRDAWhile the subscriber addition saw a growth of 35% in the current fiscal, the pension fund grew by 40% and same growth is expected to contin...
- PFRDA to allow investment up to 75% in EquityUnder aggressive options, the subscribers will be allowed to start with up to 75% investments of their deposits into equity which will be r...
- Pension fund regulator to soon allow subscribers to invest up to 75% in equityPFRDA will launch two new schemes with aggressive and conservative options of investing up to 75 per cent of funds in equity by subscribers...
- If there is tax parity, lot of EPF investors will switch to NPS: Hemant Contractor, PFRDA“We don’t want insurers and mutual funds to sell pension products unless regulated by PFRDA.”
- ‘Tax parity needed in retirement products'PFRDA chairman Hemant Contractor believes that tax parity in retirement products is critical if India is to be a pensioned society.
- Pension regulator urges for more tax parity between NPS and other pension schemesThe pension regulator has urged for more tax parity between the National Pension System (NPS) and other pension schemes.
- Budget 2016: PFRDA seeks complete tax exemptions for NPSTalking to reporters, PFRDA Chairman Hemant Contractor said making the NPS a 'Exempt, Exempt, Exempt' product would go a long way in increa...
- PFRDA for allowing private fund managers to manage government portfoliosPensions regulator PFRDA today said the government should allow private sector fund managers to manage government portfolios as well.
- PFRDA mulls non-Aadhar KYC tools for online NPS schemePFRDA is working on an alternative to know KYC details of customers after the Supreme Court imposed restrictions on use of Aadhar card for ...
- PFRDA to invite bids for pension fund managersThere are eight PFMs registered with PFRDA to manage the funds for the unorganised sector including SBI Pension Fund, UTI Retirement Soluti...
- Expert panel for investment of National Pension System corpus into PE, VC fundsContractor said PFRDA is "positively looking" into NPS investing a part of corpus into PE and VC, as recommended by the G N Bajpai committe...
- Higher fee, awareness will boost NPS: Hemant G Contractor, Chairman, PFRDA"One major factor was lack of awareness about pension. Al though things are changing, we need to drive home the message that pension is imp...
- Need a model where everyone is fairly paid: Hemant Contractor, PFRDA Head"We propose to review the fee structure for PFMs (pension fund managers) in the near future. We also feel that management fee is quite low."
- Pension Fund Regulatory and Development Authority to bring all exempt pension funds under its ambitThe Pension Fund Regulatory and Development Authority (PFRDA) has already sought details from all trusts that operate such funds.
- Ex-SBI MD Hemant Contractor cleared for Pension Fund Regulatory and Development Authority ChairmanThe challenges before Hemant Contractor will be how to popularise New Pension System, which has not picked up despite undergoing several ch...
- SBI signs pact with Industrial Bank of KoreaSBI today said it has entered into a partnership with the Industrial Bank of Korea to help the Korean small biz doing biz in the country.
- SBI may rejig top managementState Bank of India , the country’s largest bank, is set to get a new-look top management with the government starting the process of appoi...
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