India. Let government staff’s pension funds to invest 50 per cent in equities
The pensions fund regulator PFRDA wants government to more than treble the investment levels in equity markets by government subscribers under the National Pension System (NPS) up to 50 per cent from 15 per cent.
The regulator has sent a proposal to government seeking to allow government subscribers (state and central government employees) invest up to 50 per cent in equities under the NPS, Pension Fund Regulatory and Development Authority chairman Hemanth Contractor said.
The authority manages about Rs 1.70 trillion of funds belonging to 1.5 crore subscribers who come from government and non-government sectors. Of this 85 per cent are government subscribers which are managed by seven fund managers.
Full Content: Economic Times
