Japan pension fund fraudster gets 15 years in jail

Last Updated: Wednesday, December 18, 2013, 19:37

A Japanese investment adviser was sentenced today to 15 years in prison for defrauding pension funds of some USD 240 million in a case that has invited comparisons with US fraudster Bernie Madoff.

Pension fund investment corpus to cross $1 tn by '25: Report

Last Updated: Sunday, December 8, 2013, 22:37

The recent passage of pension regulator Act will spur growth potential of the investment corpus of the pension sector to over USD 1 trillion mark by the turn of 2025, says a report.

India allows greater flexibility for pension fund investments

Last Updated: Wednesday, December 4, 2013, 14:44

However, India has not yet allowed the EPFO funds to be invested into equities.

FinMin may allow 5 pvt funds to manage pensions of govt staff

Last Updated: Sunday, July 28, 2013, 11:53

"We have received representation from Pension Fund and Regulatory Development Authority (PFRDA) that the government employees should have same choices of pension fund managers as is available to non-government subscribers," a source said.

NPS subscribers earn double digit return in 2012-13

Last Updated: Wednesday, May 15, 2013, 22:00

Subscribers of National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) earned double digit returns of as much as 14.19 percent during 2012-13.

Axis Bank gets NPS trustee bank mandate

Last Updated: Tuesday, May 7, 2013, 14:16

According to Pension Fund Regulatory and Development Authority (PFRDA), Axis Bank has been "appointed as the new NPS Trustee Bank with effect from July 1, 2013 in place of Bank of India (current Trustee Bank)".

PFRDA allows subscribers lump sum withdrawal on exit

Last Updated: Thursday, March 14, 2013, 16:17

Pension fund regulator PFRDA has allowed investors in the New Pension Scheme (NPS) to withdraw lump sum amount at the time of their exit, as against the current practice of 'phased withdrawals' every year.

Norway sovereign fund ups exposure to Indian stocks, debt

Last Updated: Sunday, March 10, 2013, 12:40

Norway's sovereign wealth fund, the largest across the world, increased its exposure to Indian stocks by 38 percent to USD 2.57 billion in 2012, while its holdings of Indian debt securities have also risen manifold.

LIC selected as default NPS annuity service provider

Last Updated: Sunday, March 3, 2013, 11:13

PFRDA has empanelled seven Annuity Service Providers (ASPs) for providing annuity services to NPS subscribers.

US pension fund dumps Indian oil stocks on Iran concerns

Last Updated: Sunday, January 6, 2013, 18:48

US-based CalPERS, one of the world's largest pension funds, has flagged off concerns over investments in shares of various Indian oil companies, including Oil India and Petronet LNG, due to their Iran-related business interests.

PFRDA will correct flaws in New Pension Scheme: Chairman

Last Updated: Tuesday, November 27, 2012, 14:23

Pension Fund Regulatory and Development Authority (PFRDA) Chairman Yogesh Agarwal on Tuesday said there were some flaws with the New Pension Scheme (NPS) and the regulator is taking steps to improve the scheme.

Pension bill passage will clear investors' doubts: PFRDA

Last Updated: Friday, October 5, 2012, 00:20

Welcoming the union cabinet's nod to allow FDI of 26 percent or higher for pension, a sector regulator said passing of the relevant bill by parliament will clear doubts of potential investors.