Currently, there are seven pension fund managers - Aditya Birla Sun Life Pension Management, HDFC Pension Management Company, UTI Retirement Solutions, SBI Pension Funds Private, ICICI Prudential Pension Funds Management, Kotak Mahindra Pension Fund and LIC Pension Fund

Despite the unprecedented challenges poised due to pandemic, addition of more than 52 lakh new subscribers in the financial year 2020-21 so far has been remarkable and result of untiring efforts of banks, PFRDA said in the release

Employers' contribution of 14 per cent in pension under the National Pension System (NPS) scheme for the central government employees was made tax free from April 1, 2019

Once you fill in and submit the portability form along with the proposal form to the new insurer , it will seek the necessary details of your medical history and claim history from the existing insurance company

As many as 8,186 corporates have come on board with 10.50 lakh subscribers till October so far this year. It was 8.80 lakh last year in October from 6,795 corporates

Unlike other schemes, you are not allowed to withdraw the entire amount accumulated in your NPS account on your retirement

The 'National Strategy for Financial Education 2020-2025' (NSFE), released by the RBI, has suggested a multi-stakeholder-led approach for creating a financially aware and empowered India

Bharat Bond ETFs not only enjoy tax advantage in the form of indexation benefit similar to debt mutual funds (20 per cent with indexation), but also liquidity as you can sell these ETFs in the secondary market

To a query on whether the ETF will include 'AA' rated bonds going forward, Pandey said: \"We have kept that provision. We have not restricted it to 'AAA' rated in future. As we go along, we may have to consider, because we want to develop a bond market.\"

The Finance Ministry on Monday issued a \"Statement of Reasons\" for proposing a change even to the offences (as per current law) committed by any individual under various sections of Banning of Unregulated Deposit Schemes Act and beside others

The investments under NPS are very well diversified, the ministry said, which was responding to the reference made to it by the Ministry of Personnel, Public Grievances and Pensions seeking its comments

If you are a layman investor, NPS may serve as a great opportunity to commit long-term regular contribution to accumulate substantial corpus by the retirement age

Here are some of the options you can explore while putting your personal finance in order in the times of coronavirus

Employees who are members of EPF can withdraw 75 per cent of the amount standing to their credit, not exceeding their three months basic pay

The partial withdrawal of funds has been permitted to fulfil financial needs of National Pension System subscribers, if required to them for treatment of COVID-19

Pension Fund Regulatory and Development Authority is planning to come up with variable annuities and systemic withdrawal option in payouts instead of existing option of the compulsory annuity plan from insurers on fixed rates

Annuity plans can form a good part of your retirement portfolio if the product fit is right

Under the stewardship code, every institutional investor needs to formulate a comprehensive policy on the discharge of their stewardship responsibilities, publicly disclose it, review and update it periodically

For state government and autonomous bodies, as per the extant tax rules, up to 10 per cent of the employers' contribution is tax-free and the rest 4 per cent is taxable at the hands of the employee

A net of 9.98 lakh new enrolments with the Employees' Provident Fund Organisation (EPFO) were recorded in September, as compared to 9.41 lakh in August this year