"In the coming days, EPFO 3.0 version will come. This means EPFO...
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Pension & Social Security
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SC issues contempt notice to Punjab for failing to implement pension scheme
"In spite of repeated undertakings given to the high court,...
China to ‘formulate’ policies for elderly, focus on boosting birth rates
China's population fell for a third consecutive year in 2024, as...
Long Covid may qualify as disability under federal law: Biden
“We’re bringing agencies together to make sure Americans with long Covid who have a disability have access to the rights and resources that are due under the disability law, which includes accommodations and services in the workplace and school, and our health care system so they can live their lives in dignity,” Biden said.
U.S. judge narrows focus of antitrust suit over $30 bln Aon-Willis merger
The DOJ had alleged that combining the two large insurance brokers would harm competition in reinsurance broking, retirement and pension planning and private retiree multicarrier healthcare exchanges. But the divestitures mean those no longer will be issues in the trial, according to the order
Over $157 billion deployed in last 15 months to fight Covid pandemic: World Bank
”Since the start of the pandemic, the World Bank Group has committed or mobilised a record USD 157 billion in new financing, an unprecedented level of support for an unprecedented crisis,” World Bank Group President David Malpass said.
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”But we must still do more,” he said, adding that he remains deeply concerned about the limited availability of vaccines, which are critical to saving lives and livelihoods, for developing countries.
Pension money to soon be allowed into IPOs, NSE-200 companies: PFRDA
As of now, equity investments have delivered 11.31 per cent returns, corporate debt has delivered 10.21 per cent and government securities 9.69 per cent. The total number of NPS subscribers stand at 4.37 crore as of now, with a maximum 2.90 crore being under the Atal Pension Yojana.
Allow life insurers to sell pension-based health policies: HDFC Life Chairman
”Across the world, both pension and health cover are very much part of life insurance, as they protect people from longevity and morbidity risks.Hence, allowing life insurers to distribute products such as health indemnity, NPS would help improve the much-needed insurance reach across the country,” he said.
CAG pulls up Assam govt on pension scheme for families of deceased staff
”Instead of correcting these deficiencies, the state government introduced the Compassionate Family Pension(CFP) scheme which has ‘entitlement features’ and hence is not in keeping with the well laid legal principles, regarding compassionate appointments by the state,” the report said.
PFRDA pension subscriber base rises 24% to touch 4.35 crore in June
The total pension assets under management stood at Rs 6,16,517 crore as on June 30, showing a yearly growth of 32.67 percent, the Pension Fund Regulatory and Development Authority (PFRDA) said.
Welfare fraud and errors cost UK a record 8 bln pounds during pandemic
The government had to deal with an increased risk from organised crime since the start of the pandemic, the NAO said. Fraudsters hijacked people’s identities in order to make fictitious claims with payments routed into bank accounts they could access, the watchdog said.
IFSCA forms expert panel to develop a Longevity Finance Hub in GIFT City
Development in medicinal science and technology will support extending of lifespan and longevity of the silver generation. It is estimated that by 2040, there will be more members of the silver generation than people under 20. This demographic change will throw open new challenges and opportunities especially in the areas of wealth management, health, insurance, and other investment products, said the IFSC.
Meghalaya CM launches face recognition Mobile App for pensioners
Meghalaya has over 29,000 pensioners.
”The App will help a pensioner to submit his life certificate through his mobile phone and receive pension without moving out from his home, which is appropriate especially during the ongoing pandemic,” Meghalaya Chief Minister Conrad K Sangma said.