PFRDA – GlobalMoneynews

PFRDA Mandates Two-Issue Aadhaar Authentication for CRA Entry from April 1

March 29, 2024 by Moneynews

Pension regulator PFRDA has mandated 2-Issue Aadhaar Authentication for entry to the Central Recordkeeping Company (CRA) system for conducting Nationwide Pension System (NPS) associated actions. Additionally learn:PFRDA amends retirement adviser rules for ease of compliance CRAs are accountable for centralised recordkeeping, administration, and customer support capabilities for all NPS subscribers. As on date, there are … Read more

Non-Authorities sector fuels NPS asset surge, clocking 30% progress

March 23, 2024 by Moneynews

Aided by a robust present from the non-government sector, Nationwide Pension System (NPS) belongings grew strong 30 % year-on-year as of March 16 to the touch ₹11.56-lakh crore, newest PFRDA knowledge confirmed. The general NPS belongings progress has been pushed by each buoyant fairness markets and widening NPS subscriber base as extra working Indians took … Read more

PFRDA brings pension funds underneath PMLA web

February 16, 2024 by Moneynews

In a significant overhaul of its pension fund rules, pension regulator PFRDA has introduced pension funds inside the ambit of Prevention of Cash Laundering Act (PMLA), tightening the oversight on these entities. Additionally learn:PFRDA invitations bids to have interaction system integrator for TRACE It has as a part of the newest amendments to its present … Read more

Pension schemes add 97 lakh subscribers in 2023, AUM up 28%: PFRDA head

January 5, 2024 by Moneynews

MUMBAI Pension schemes beneath the Nationwide Pension System (NPS) and Atal Pension Yojana (APY) added 97 lakh new subscribers in 2023, taking the entire subscriber base to 7.03 crore as of December 31, 2023, in line with Pension Fund Regulatory and Growth Authority (PFRDA) Chairman Deepak Mohanty. The variety of subscribers had been up 16 … Read more