Who is the regulator of the pension sector in india

This section needs additional citations for Please help ( May 2021) ( The first Provident Fund Act, passed in 1925 for regulating the provident funds of some private concerns, was limited in scope. The Presently, the following three schemes are in operation under the Act: • Employees' Provident Fund Scheme, 1952 • Employees' Deposit Linked Insurance Scheme, 1976 • Employees' Pension Scheme, 1995 (replacing the Employees' Family Pension Scheme, 1971) Recent Developments [ ] In March 2022, the EPFO lowered the interest rate on employee provident funds to 8.10% for 2021-22,The EPFO lowered the interest rate of 8.10% for the fiscal year of 2021-22. On 30 August 2022, EPFO proposed to remove the restrictions on the wage ceiling and headcount to allow all formal workers and Structure [ ] This section does not Please help ( May 2021) ( The EPFO has the role of being the enforcement agency to oversee the implementation of the EPF&MP Act and as a service provider for the covered beneficiaries throughout the country. The Act is administered by the Central Board of Trustees (informally, the CBT), which consists of a Chairman, a Vice-Chairman, 5 Central Government representatives, 15 State Government representatives, 10 Employees' representatives, 10 Employers' representatives with Central PF Commissioner and the Member Secretary to the Board. The CBT's Executive Committee is chosen from CBT members to assist the Central Board in the discharge of its functions related to administrativ...

This article needs additional citations for Please help Find sources: · · · · ( January 2019) ( A list of regulators in India. List [ ] 1. [ ] Sector: Banking & Finance, Monetary Policy Start function on 1 April 1935 NATIONALISATION: 1 January 1949 CURRENT HEAD: Shaktikant Das 2. [ ] Sector: Securities (Stock) & Capital Market Year of Establishment 1992 3. [ ] Sector: Insurance Year of establishment -1999. 4. [ ] Sector: Pension 5. [ ] Sector: Financing of rural development 6. [ ] Sector: Financing Micro, Small and Medium-Scale Enterprises 7. [ ] Sector: Financing Housing 8. [ ] Sector: Telecommunication & Tariffs and Cyber-Security 9. [ ] Sector: Film/TV Certification & Censorship 10. [ ] Sector: Financial Sector Development of Indian 11. [ ] Sector: Food 12. [ ] Sector: Standards & Certification 13. [ ] Sector: Advertising 14. [ ] Sector: Cricket 15. [ ] Sector: Mutual Funds 16. [ ] Sector: Trade and Investment 17. [ ] Sector: Trade 18. [ ] Sector: Export 19. [ ] Sector: Shipping 20. [ ] Sector: Manufacturing 21. [ ] Sector: Growth and Development 22. [ ] Sector: IT 23. [ ] Sector: Information Technology 24. [ ] Sector: Manufacturing 25. [ ] Sector: Trade 26. [ ] Sector: Medical Devices and Drugs 27. [ ] 28. NATIONAL GREEN TRIBUNAL [ ] 29. [ ] Sector: Atomic Energy & Nuclear Power Established: November 15, 1983 Current Chairman: Shri Dinesh Kumar Shukla 30. (EPFO) [ ] Sectors Regulator Established Website Inland Waterways for shipping and navigation 27-Oct-1986 National ...

Pension Fund Market in India 2020 The Indian pension industry is a complex and fragmented system. However, the current demographic structure makes it one of the most feasible markets for pension fund providers. The fertility rate in the country has decreased drastically from 2.50 in 2011 to 2.22 in 2018. Further, the country’s rich demographic dividend calls for a robust social security framework. The three most crucial elements of the industry are Employee Provident Fund (EPF), National Pension Scheme (NPS) and Public Provident Fund (PPF) catering to the needs of the different segments of population. The retirement fund corpus was worth ~INR 25,078 Bn in 2018 and is expected to reach INR 62,353 Bn by 2025, expanding at a compound annual growth rate of ~14.33 % during the 2020-2025 period. The Indian government is restructuring the current pension system by promoting pension coverage among informal sector workers. The collected retirement fund corpus is invested in long-term growth projects, which accelerates the pace of economic development of the country. The country’s pension industry is highly underpenetrated as ~88% of the population does not possess any social security scheme, which indicates that the market has huge growth potential. Market segment insights: The retirement fund corpus is inclusive of contributions from Employee Provident Fund and related plans, Life Insurance and Annuity schemes, Private Pension Fund, Public Provident Fund, and the National Pension ...

Synopsis Unfunded schemes such as the old pension scheme are not sustainable, something that is being witnessed the world over, Pension Fund Regulatory and Development Authority (PFRDA) chairman Deepak Mohanty told ET in an interview. Mohanty is a member of the committee looking into pension systems for government employees, set up after the clamour from multiple states to switch to the old pension scheme. "If we come out with the product, we would also have to specify solvency separately for the managers ... We would also require separate norms to ensure there is no contamination," he said. Pension funds are thinly capitalised and they will need to bring in solvency capital if they offer guaranteed returns, the PFRDA chairman pointed out. The regulator will also roll out systematic withdrawal from the end of September, allowing subscribers to pull out funds at permitted intervals from their NPS account. "We have already decided on it ... the Central Recordkeeping Agency is doing their system development. I would expect next quarter we should be able to roll it out," he said. The regulator is working with pension funds to create an umbrella body, like the Indian Banks Association, to represent the sector and undertake developmental activities. At the end of May, the NPS had a corpus of ₹9 lakh crore, up 29.1% from a year earlier. The number of subscribers, excluding About 13,000 companies had been onboarded and the regulator is now planning an outreach to popularise NPS an...