Pension Funds News

News

Australian Mega Funds Seen Controlling $9 Trillion of Pensions

A group of massive pension funds will dominate Australia’s retirement system in the coming decades as increasing mergers and rivalry leave just a handful of powerhouse investors.

1 min read14 Mar 2024
Money

How EPFO subscribers can update bank account details in their EPF account?

EPFO allows subscribers to withdraw funds from their EPF Account, stressing the importance of updating accurate bank account details to avoid failed credit transactions

1 min read2 Mar 2024
Money

NPS scheme: Why National Pension System does not invest in mid-cap and small-cap companies

National Pension System: Currently, there are ten pension fund managers in the country, comprising seven private companies and three government-owned entities

1 min read28 Feb 2024
Money

Pension: Female government employees can now nominate children; here's how to apply for it?

Earlier the female central government employees could nominate only their husband, but now a women can nominate her children too. She must make a written request, stating that family pension should be granted to her eligible child in precedence to her spouse, in the event of her death.

1 min read30 Jan 2024
Money

NPS: Up to 25% of corpus allowed for partial withdrawal; here's when you are permitted to withdraw

Subscribers are permitted to go for a maximum of three partial withdrawals for a total of one—fourth of the total contribution. Additionally, a subscriber must have been an NPS member for a minimum of three years.

1 min read17 Jan 2024
Money

NPS: PFRDA seeks tax exemption on employers' contributions in line with provident fund

Currently the employer’s contribution towards NPS is exempt up to 10 percent of salary whereas in case of provident fund, it is 12 percent.

1 min read7 Jan 2024
News

Over 25 lakh Digital Life Certificates generated in 2nd week of DLC Campaign 2.0

In an attempt to create awareness amongst all pensioners Department of Pension & Pensioners Welfare has launched DLC 2.0 for its face authentication technology and promoting it with banners and posters placed strategically in offices and all Bank Branches along with ATMs.

1 min read15 Nov 2023
Money

Higher pension from EPF: Why EPFO needs to extend the deadline again

The deadline for applying for a higher pension with the EPFO is 26 June 2023, but confusion remains over payment and calculation, resolving discrepancies in wage records, and the status of merged or non-existent employers. The lack of clarity and compliance burden may lead to a further extension

2 min read24 Jun 2023
Money

NPS Calculator: Monthly investment you need to generate a pension of ₹2 lakh

All Indian residents have access to the National Pension System (NPS), a voluntary defined contribution pension plan governed by the Pension Fund Regulatory and Development Authority (PFRDA).

13 min read21 Apr 2023
Money

Annuity in NPS: How to choose the right annuity for a regular income?

Annuity means fixed sum of money paid to a subscriber at a set frequency for the rest of their life.

4 min read11 Apr 2023
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