Global bids for pension funds

The government is planning to float global tenders for pension fund majors. The Pensions Fund Regulatory and Development Authority, being set up by the finance ministry, will specify the net worth......

Reits to be gradually included in market indices, says Sebi chief

India’s market regulator is moving ahead to include real estate investment trusts (Reits) in benchmark indices in a phased manner, Sebi chief Tuhin Kanta Pandey said, while asserting that the......

Risk cover for pension funds likely

The Pension Fund Regulatory and Development Authority might consider insurance cover for pension funds in line with the structure prevailing in the US once fund managers start investing in......

Banks can now be pension fund managers

The government has allowed banks to foray into pension fund management. According to banking sources, the change has been done under Section 6(o) of the Banking Regulations Act. The development......