Corporate-CG scheme w.e.f. 01-11-2012 under New Pension Scheme

Corporate-CG scheme w.e.f. 01-11-2012 under New Pension Scheme – Corrigendum. The existing corporates under CG scheme are allowed a time period of 60 days from 1st Nov 2012 i.e. up to 31st December 2012 to choose any one PFM for shifting their assets. However, the investment management fee would be the same as the fee applicable to the NPS schemes under Private Sector as per the extant guidelines

Details of amendments made in Pension Fund Regulatory and Development Authority Bill, 2011

The Union Cabinet recently approved the introduction of certain official amendments to the Pension Fund Regulatory and Development Authority Bill, 2011. These official amendments have been necessitated in view of the recommendations of the Standing Committee on Finance which has examined the Bill. Based on the recommendations of the Standing Committee on Finance, the Government has decided to accept