Retirement Schemes

In the last three years, the top 5 retirement funds have given an average return of 11-16 percent to investors

Deferred annuity payouts, single and joint plans, 'lifetime income' other schemes explained

Integrated Retirement Communities bridge the gap, offering comfort, care, convenience, and camaraderie tailored to each individual's needs.

While everyone feels as though they haven't saved enough, 77% of retirees say they are "living comfortably"

Also this week, we write about why Indians love Frontier food

Regular pay, single pay and single pay deferred annuity schemes explained for your convenience

FMCG major Britannia Industries Ltd said all permanent workers at its Taratala factory in Kolkata have accepted the voluntary retirement scheme (VRS). Despite this significant workforce change, a company official claimed that there would be no material impact on the business operations of Britannia Industries. However, according to senior CITU leader Gautam Ray, production has been stopped at the plant. "There has been no production at the Taratala plant for over 20 days. All 122 permanent employees have accepted VRS, and negotiations are ongoing for 250 contractual workers," said senior CITU leader Gautam Ray. Britannia did not respond to PTI's queries on stopping the production. The Taratala plant, one of Britannia's oldest biscuit manufacturing units, has been operational for over seven decades. According to sources, the Britannia management offered Rs 13 lakh to employees with up to 5 years and 11 months of remaining job tenure, Rs 18.5 lakh for employees with 6 to 10 years o

They don't have to put their money in equity trade and yet build a corpus for their financial goals

Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry and a broader economic slowdown. Sichuan Trust, headquartered in the southwest city of Chengdu, announced it was insolvent in 2020, stricken by sketchy accounting and failed investments in shopping malls and other projects. A deadline earlier this month to accept a 20%-60% haircut or loss on their investments has left some investors in deep financial trouble, according to public announcements and AP interviews with five people affected. China's economy, the world's second largest, depends heavily on real estate development to drive growth and create jobs. Property prices and sales have languished after a crackdown on what leaders viewed as dangerous levels of borrowing, causing dozens of developers to default on their debts. At the National People's Congress session in Beijing last week, officials pledg

A recent study suggests a withdrawal rate of 3-3.5%, but financial advisors suggest erring on the side of caution

This week we explain the pros and cons of deferred annuity plan and what to look for in a gated society home

GlaxoSmithKline Pharmaceuticals has also established an Omnichannel Team, leveraging technology to enhance its reach and coverage across target segments

An elite French institution was expected to rule on Friday on whether President Emmanuel Macron's contested plan to raise the retirement age is constitutional, a decision that could calm or further enrage opponents of the change. All eyes were on the heavily guarded Constitutional Council, which can nix all or parts of a complex pension reform plan that Macron pushed through without a vote by the lower house of parliament. Spontaneous demonstrations were likely around France ahead of the nine-member court's ruling. The president's drive to increase the retirement age from 62 to 64 has provoked months of labour strikes and protests. Violence by pockets of ultra-left radicals marked the 12 otherwise peaceful nationwide marches that unions organised since January. In addition to ruling on the pension reforms, the Constitutional Council also will decide on a request by lawmakers who oppose the plan to use a little-used and lengthy process that could ultimately lead to a referendum on a

This is the second such offer since the takeover of the airline by the Tata Group in January 2022, and will remain in force till April 30

Not allocating adequately to equities, which can potentially beat inflation, is another error they must avoid

The first offers a guaranteed rate of return for long; the other secures income for the rest of your life

Under the Air India's VRS rules, people older than 40 years of age with 20 years of continuous employment can opt for voluntary retirement

The Union government has approached top 85 Indian companies including Reliance and Bharat Forge to hire Agniveers once they retire four years later and the feedback has been positive

The increase in the limit to Rs 21,000 under EPFO will bring more workers under the retirement scheme