Pension Fund

British Treasury chief Rachel Reeves said Thursday the government planned to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the UK's subpar economic growth. Reeves said in her speech to finance leaders in central London that the creation of so-called megafunds will represent the biggest pension reform in decades. In her first so-called Mansion House speech, an annual ritual for British chancellors of the exchequer, Reeves said the changes could help unlock 80 billion pounds (USD 100 billion) for investment. Pension funds invest in a variety of assets, such as shares, bonds, real estate and infrastructure, in an attempt to increase the retirement benefits for their members. The proposed merger of 86 local authority pension funds in England and Wales has echoes in Australia and Canada, where pension funds are widely seen to have taken advantage of their bigger size to invest in assets and boost growth. By 2030, the new ..

The firm has raised four funds and invested over $1 billion in performing credit, primarily focusing on India and Southeast Asia

The UPS is seen to be different from OPS since it is funded every year and the burden does not fall on future governments.

Experts attribute the slow offtake under the scheme to high inflation and rise in cost of living

Disney is relying on ValueAct's endorsement at a time it is fighting to fend off two other activist-investors - Blackwells and Trian Fund Management - as each firm lobbies for seats on Disney board

As a percentage of government expenditure, the budget allocated to defence is 13 per cent, continuing a multi-year trend of falling allocations

PFRDA says current amount may not help attract new Atal Pension subscribers

The aspiration is to take it to 14 per cent over the period to encourage wider acceptance of pension

The ongoing diplomatic row between India and Canada is unlikely to have any immediate effect on investment relations between the two countries, a top government official said on Thursday. The official said that the Canadian pension funds are getting higher returns in India, and they have investments in the Indian infrastructure sector. "They are here because they are making higher returns here... So I don't see any reason for them to back out because of the current situation, which hopefully we will sort out," the official said. Those funds can not get such returns anywhere else, the official said, adding "I don't see any impact on Canadian investments into India". "Don't see any immediate impact on Indian investments into Canada also," the official noted. The comments come in the backdrop of an intense diplomatic row that erupted following Canadian Prime Minister Justin Trudeau's allegations of a "potential" involvement of Indian agents in the killing of a Khalistani separatist i

More people might be sticking to current employment as number of members rejoining or resubscribing pension fund has declined, it says

The minister said that there is no proposal to increase the amount of minimum pension/ family pension

Pension regulator wants to make the product attractive for subscribers, sources say

Factor in both the size of your retirement corpus and the risks in this scheme before taking the leap

Labour ministry issues clarification about social security schemes run by EPFO

Mohanty was whole-time member (economics) of PFRDA and retired in May 2022

AustralianSuper, which has an external mandate with GQG Partners, will be exposed to the four Adani Group companies following the deal, according to a source familiar with the matter

No revision in 25 yrs due to resistance from central trade union representatives, says coal minister

Financial mismanagement of the pension scheme has depleted corpus meant for pensioners of public sector mines

Listing day gains come despite lukewarm response to IPO

Retired Employees Association says nearly 270,000 pensioners are getting less than Rs 2,000 a month as pension