Pension Fund

UK plans to create pension megafunds to unlock $100 bn for investment

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 ..

BPEA Credit rebrands to Ascertis Credit, expands focus on Asia markets

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

UPS: Understanding the fiscal implications of govt's new pension scheme

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

Pension plan for unorganised sector sees only 5 mn subscribers in 5 years

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

Disney failed to disclose ValueAct's past money management role: Blackwells

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

Budget: Defence allocation at Rs 6.21 trillion, but stays below 2% of GDP

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

Interim Budget may raise pension floor for unorganised sector workers

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

PFRDA seeks tax parity for NPS contributions with PF contributions

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

No reason for Canadian pension funds to back out from India: Official

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

EPFO to generate 16 mn net payrolls in FY24, says SBI Ecowrap report

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

Centre disbursed over Rs 2.41 trillion pension in 2022-23: Union minister

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

Implementation of guaranteed pension product delayed as talks continue

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

Rules to returns: What to consider in opting for higher pension from EPS

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

Additional 1.16% contribution for pension fund to come from employers: Govt

Labour ministry issues clarification about social security schemes run by EPFO

Deepak Mohanty new PFRDA chairperson, Mamta Shankar named whole-time member

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

Australian pension fund client queries GQG about $1.9 bn Adani investment

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

Coal miners' pension unrevised due to shortfall in accrual of pension fund

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

Cess on public sector coal production set to rise to fund pension corpus

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

Five-Star Business up 3.4% on debut as Rs 684 cr worth of shares are traded

Listing day gains come despite lukewarm response to IPO

Coal pensioners to agitate for dearness relief in pay, pension body revamp

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