PFRDA to launch online facility to open NPS accounts - Kalviseithi - No:1 Educational website in Tamilnadu

Aug 26, 2015

PFRDA to launch online facility to open NPS accounts

Pension fund regulator PFRDA is set to launch an online facility for opening of accounts under the National Pension System (NPS) to net in prospective customers."We are set to launch the online on-boarding facility for the prospective customers of pension schemes under the NPS," PFRDA chairman Hemant Contractor told reporters on the sidelines of an insurance summit organised by the industry lobby CII here this evening.

We have also urged the government to offer tax-breaks to pension schemes falling on the lines of other financial products likemutual funds and insurance, to popularise pension products in the unorganised sector," he said.The Pension Funds Regulatory and Development Authority (PFRDA has sought clarification from the government if the pension productsbeing run by various fund houses and life insurers can be regulated by it"We have asked the government to clarify whether we can regulate the pension business being run by mutual fund houses and life insurers because the PFRDA Act empowers us to regulate all kinds of pension business," Contractor said.

On the pension business being managed by the Employees Provident Fund Organisation ( EPFO), he said it is up to the government to decide that who will be regulating it.Commenting on the progress of NPS, he said the NPS corpus has already crossed Rs 94,000 crore so far, which includes Rs 7,000 crore from the Atal Pension Yojana.He further said, "We've already opened 6,80,000 accounts under the Atal Pension scheme during thepast couple of months and we are looking at taking it to 2 crore by December. Out of these 6,80,000 accounts, 65 per cent subscribers come from urban areas and the restfrom the rural areas."The three state-owned fund managers, who are managing the Atal Pension scheme funds are UTI,SBI and LIC Pension Fund.The regulator is getting ready to appoint new fund managers for the NPS, which has seven active fund managers now and also reviewing fund management charges.Contractor also said the regulator isplanning to increase the tenure of NPS fund managers to five years from the present three."We don't mind paying a higher commission to incentivise fund managers and distributors so as to expand the NPS reach. We are reviewing a proposal in this regard and we will be issuing a request for proposal to appoint new fund managers within a month," he said.

No comments:

Post a Comment

கல்விச்செய்தி நண்பர்களே..
நீங்கள் ஒவ்வொருவரும் கல்விச்செய்தியின் அங்கமே..
வாசகர்களின் கருத்து சுதந்திரத்தை வரவேற்கும் இந்தப்பகுதியை ஆரோக்கியமாக பயன்படுத்திக் கொள்ள அன்புடன் வேண்டுகிறோம்.

1. இங்கு பதிவாகும் கருத்துக்கள் வாசகர்களின் சொந்த கருத்துக்களே. கல்விச்செய்தி இதற்கு எவ்வகையிலும் பொறுப்பல்ல.
2. கருத்தை நிராகரிக்கவோ, குறைக்கவோ, தணிக்கை செய்யவோ கல்விச்செய்தி குழுவுக்கு முழு உரிமை உண்டு.
3. தனிமனித தாக்குதல்கள், நாகரிகமற்ற வார்த்தைகள், படைப்புக்கு பொருத்தமில்லாத கருத்துகள் நீக்கப்படும்.
4. தங்களின் பெயர் மற்றும் சரியான மின்னஞ்சல் முகவரியை பயன்படுத்தி கருத்தை பதிவிட அன்புடன் வேண்டுகிறோம்.
-அன்புடன் கல்விச்செய்தி