Saturday, October 31News That Matters

Tag: mulling

PFRDA mulling launching minimum assured return-primarily primarily based pension procedure

PFRDA mulling launching minimum assured return-primarily primarily based pension procedure

Business
Synopsis"Under the PFRDA Act, we admire got the mandate to begin a minimum assured return procedure. Under pension fund (PF) schemes, the funds which could per chance be managed are tag-to-market. So obviously there could be some volatility and the valuation is per the market plod.ThinkStock PhotosOriginal Delhi: The Pension Fund Regulatory and Constructing Authority (PFRDA) is working on a minimum assured return-primarily primarily based pension procedure, its Chairman Supratim Bandyopadhyay acknowledged. The pension authority is in talks with pension funds and actuarial companies to determine the modalities of the proposed procedure, he acknowledged. "Under the PFRDA Act, we admire got the mandate to begin a minimum assured return procedure. Under pension fund (PF) schemes, the funds wh...