Pension & Social Security

U.S. judge narrows focus of antitrust suit over $30 bln Aon-Willis merger

International News       Jul 22, 2021

  NEW YORK: - A federal judge has narrowed the scope of a U.S. Department of Justice lawsuit blocking the proposed $30 billion merger of insurance brokers Aon PLC  and Willis Towers Watson PLC, allowing the companies to finalize remedies for three of five issues raised...

Supratim Bandyopadhyay, chairman, PFRDA

Pension money to soon be allowed into IPOs, NSE-200 companies: PFRDA

Indian News       Jul 20, 2021

  Mumbai: Pension fund managers (PFMs) will soon be allowed to invest in initial public offerings, and also in a broader list of stocks, a top official from sector regulator PFRDA said on Tuesday. The Pension Regulatory and Development Authority (PFRDA) is aiming to increase the...

Over $157 billion deployed in last 15 months to fight Covid pandemic: World Bank

International News       Jul 20, 2021

  Washington: In its largest-ever crisis response, the World Bank has deployed over USD 157 billion to fight the impact of the COVID-19 pandemic on health, economic and social fronts over the last 15 months. This represents an increase of more than 60 per cent over...

Allow life insurers to sell pension-based health policies: HDFC Life Chairman

Indian News       Jul 19, 2021

  Mumbai: Regulators in India should allow the life insurance firms to sell pension and indemnity based health insurance policies, as it will lead to greater penetration of insurance in the country, HDFC Life chairman Deepak Parekh said on Monday. Today, life insurers can only sell...

CAG pulls up Assam govt on pension scheme for families of deceased staff

Indian News       Jul 18, 2021

  Guwahati: The Comptroller and Auditor General of India (CAG) has asked the Assam government to review the Compassionate Family Pension (CFP) scheme as it not only defies legal principles but also has put an estimated additional financial burden of Rs 156.91 crore per annum on...

PFRDA pension subscriber base rises 24% to touch 4.35 crore in June

Indian News       Jul 17, 2021

  Mumbai: PFRDA has registered a 24 percent jump in its subscribers' base under two flagship pension schemes to more than 4.35 crore at the end of June. "The number of subscribers in various schemes under the National Pension System (NPS) rose to 435.36 lakh by...

Welfare fraud and errors cost UK a record 8 bln pounds during pandemic

International News       Jul 15, 2021

London: Britain may have overpaid more than 8 billion pounds ($11 billion) in welfare payments as fraud and error reached record levels during the first year of the coronavirus pandemic, the government's spending watchdog said. The National Audit Office (NAO) said the amount overpaid by...

IFSCA forms expert panel to develop a Longevity Finance Hub in GIFT City

Indian News       Jul 15, 2021

  Ahmedabad: The International  Financial  Services  Centres  Authority (IFSCA), in its endeavour to develop a Longevity Finance Hub in GIFT city,has constituted an expert committee to recommend approach towards development of Longevity Finance Hub and provide road map for the same. The expert committee will be...

Meghalaya CM launches face recognition Mobile App for pensioners

Indian News       Jul 15, 2021

  Shillong: Meghalaya Chief Minister Conrad K Sangma on Thursday launched a Mobile App that will offer pensioners a hassle-free interface with the pension disbursing authority to prove that they are alive. This App will give information about a pensioner's life certificate using face recognition. ''The...

UP Population Bill draft denies government jobs, subsidy If more than 2 children

Indian News       Jul 10, 2021

  Lucknow: According to a draft of the proposed population control bill, anyone violating two-child policy in Uttar Pradesh, the largest state in India with 220 million popoulation, will be debarred from contesting local bodies elections, from applying for or getting promotion in government jobs, and...

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