Pension

UK’s Legal & General Partners with Amazon to Create Blockchain System for Pensions

International News       Jun 12, 2019

London: British insurer Legal & General has teamed up with Amazon to establish what it said is the first blockchain system for corporate pension deals.   The insurer said it would use a managed blockchain system launched by Amazon Web Services (AWS) to handle bulk annuities,...

In historic first, G20 weighs aging as global risk

International News       Jun 09, 2019

  Fukuoka, Japan: In historic first, G20 weighs aging as global riskBallooning healthcare costs, labor shortages and financial services for the elderly: for the first time Sunday, the world's top policymakers are tackling economic issues relating to aging and shrinking birthrates.   G20 finance ministers and central...

India's per-capita income rises 10% to Rs 10,534 a month in FY19

Indian News       Jun 01, 2019

  New Delhi: The country's per-capita income is estimated to have risen by 10 per cent to Rs 10,534 a month during the financial year ended March 2019, government data on national income showed May 31. In 2017-18, the monthly per-capita income had stood at Rs...

Foreign insurers eye China’s $1.6 trillion private pension business

International News       Apr 13, 2019

Foreign insurers including Generali and Prudential Plc are in early talks with authorities to enter China’s private pensions sector, people with knowledge of the matter said, as Beijing opens up to overseas companies.   Hong Kong-based AIA Group and Manulife Financial are also considering similar moves,...

CPI announces assured pension of Rs 9k per month

Indian News       Mar 29, 2019

  New Delhi: The CPI on Friday announced that it would give a minimum pension of Rs 9,000 per month, grant full statehood to Delhi and Puducherry and a one-time comprehensive loan waiver for farmers as part of its manifesto for the Lok Sabha polls.   The...

PMSYM scheme: Government eyes over 1 crore enrolments by April-end

Indian News       Mar 24, 2019

  New Delhi: The government is expecting to cross 1 crore enrolments by April-end under the Pradhan Mantri Shram-Yogi Maandhan (PMSYM) Yojna -- a pension scheme for unorganised sector workers, a senior official has said.   The PMSYM scheme provides for a minimum monthly assured pension of...

Govt to soon start selection process for new PFRDA chairman

Indian News       Mar 17, 2019

   New Delhi: The government will soon start selection process for a new chairman of pension fund regulator PFRDA to succeed the present chief, Hemant G Contractor, whose term is slated to end in April.   "The Finance Ministry will soon come out with an advertisement to...

Government expects 1 crore enrollment for new pension scheme by end March

Indian News       Mar 09, 2019

  Mumbai: Junior labour minister Santosh Kumar Gangwar Friday said the government is expecting over 1 crore workers to get enrolled into the newly-launched Pradhan Mantri-Shram Yogi Maandhan Yojana by the end of the month. "Under this scheme, people will get many facilities and whoever enrols...

Arun Jaitley,union finance minister

Govt allows one more pension option for left over employees of PSU insurance cos

Indian News       Mar 03, 2019

  New Delhi: Bringing cheers to almost 43,000 existing and retired employees of the public sector insurance companies, the center has at long last decided to allow one more opportunity to employees of Public Sector Insurance Companies (PSICs) who joined on or before 28th June 1995,...

Minimum assured return scheme for NPS subscribers soon

Indian News       Feb 24, 2019

  New Delhi:  Pension fund regulator PFRDA is working on a minimum assured return scheme (MARS) for subscribers of the flagship social security programme — National Pension System.   NPS is a contributory retirement savings scheme and seeks to inculcate the habit of saving for old age...

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