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PFRDA invites application for NPS Trustee Bank

Last Updated: Sunday, May 17, 2015, 13:43

Pension fund regulator PFRDA is scouting for a bank to act as National Pension System (NPS) trustee to facilitate fund transfers across entities such as annuity service providers and subscribers.

Low interest rates make saving nearly mission impossible

Last Updated: Sunday, May 17, 2015, 12:23

While borrowers rejoice at the ultra low and even negative interest rates in Europe, savers fret and life insurance companies and pension funds face what is virtually a mission impossible.