Pension watchdog PFRDA for auto-enrolment option
8 years, 6 months ago

Pension watchdog PFRDA for auto-enrolment option

Live Mint  

New Delhi: Looking to bring the informal sector under pension coverage, the board of the Pension Fund Regulatory and Development Authority has approved a concept note wherein employers will need to automatically enrol workers under the Atal Pension Yojana. PFRDA initially plans to target Anganwadi workers, accredited social health activists, construction workers, those working in small-scale industries and non-governmental organizations where the government is a major employer. To make the product more attractive, the pension fund regulator is also proposing to link insurance schemes like the Rashtriya Swasthya Bima Yojana to the pension scheme. PFRDA is contemplating the tactic of “soft compulsion” after schemes targeting the informal sector like the Swavalamban initiative and the Atal Pension Yojana did not see the desired response.

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History of this topic

Atal Pension Yojana: Step-by-step guide on how to apply
1 month, 2 weeks ago

Atal Pension Yojana: Step-by-step guide on how to apply

India Today  

The Atal Pension Yojana is one of the important planners of the Prime Minister Narendra Modi-led central government, and its primary aim is to set up a holistic system of social security for the entire population of the country, especially for the poor, disadvantaged classes and unorganised sector workers. ATAL PENSION YOJANA: BENEFITS After reaching the age of 60, members …

Pension Planning: Can Unorganised Sector Workers Open NPS Account?
7 months, 1 week ago

Pension Planning: Can Unorganised Sector Workers Open NPS Account?

News 18  

NPS Swavalamban was a government-backed pension scheme aimed at providing financial security to the unorganised sector. While existing NPS Swavalamban account holders could migrate to APY, the latter scheme has become the primary option for individuals seeking a government-backed pension. NPS Swavalamban and Atal Pension Yojana : The Link NPS Swavalamban and APY are both government-backed pension schemes aimed at …

Atal Pension Yojana enrolments cross four crore, says Union Ministry of Finance
2 years, 11 months ago

Atal Pension Yojana enrolments cross four crore, says Union Ministry of Finance

Firstpost  

Atal Pension Yojana is the guaranteed pension scheme of the Government of India administered by the Pension Fund Regulatory and Development Authority New Delhi: Over 99 lakh Atal Pension Yojana accounts were opened in the financial year ended March 2022 taking the total enrolments under the scheme to 4.01 crore, the Union Ministry of Finance said on Thursday. Out of …

Customers can now subscribe to Atal Pension Yojana via Aadhaar eKYC: PFRDA
3 years, 5 months ago

Customers can now subscribe to Atal Pension Yojana via Aadhaar eKYC: PFRDA

The Hindu  

To expand its subscriber base and simplify the on-boarding process further, pension fund regulator PFRDA has now allowed Aadhaar eKYC as an additional option to add customers under its flagship pension scheme Atal Pension Yojana. "Now in order to further increase the outreach and simplify the process of subscription, CRA would be providing digital on-boarding based through Aadhaar eKYC as …

Good news for National Pension System and Atal Pension Yojana subscribers: PFRDA to begin e-KYC services
4 years, 1 month ago

Good news for National Pension System and Atal Pension Yojana subscribers: PFRDA to begin e-KYC services

India TV News  

The Pension Fund Regulatory and Development Authority will soon begin undertaking e-KYC services for National Pension System and Atal Pension Yojana subscribers. National Pension System and Atal Pension Yojana are the two flagship schemes of the PFRDA. PFRDA said it has enabled various digital enablers such as OTP-based authentication, paperless on-boarding, e-sign-based authentication, video customer identification to facilitate remote on-boarding, …

Govt to Allow Atal Pension Yojana Subscribers for Partial Withdrawal from PF fund Amid COVID-19, Says PFRDA
4 years, 11 months ago

Govt to Allow Atal Pension Yojana Subscribers for Partial Withdrawal from PF fund Amid COVID-19, Says PFRDA

News 18  

The government is planning to allow subscribers of the Atal Pension Yojana for a partial withdrawal from employees' contribution as the current lockdown to battle Covid-19 has crippled the monetary power of workers in the unorganised sector. The government circular would be out in a day or two for adding Covid-19 as one of the conditions for partial withdrawal from …

Pension fund regulator PFRDA hikes incentives for distributors to promote NPS
7 years, 5 months ago

Pension fund regulator PFRDA hikes incentives for distributors to promote NPS

Live Mint  

To expand pension coverage in the country, financial institutions and post office branches will be paid better for enrolling people in pension schemes, the finance ministry said on Friday. The Pension Fund Regulatory and Development Authority has increased the incentives payable to points of presence, the principal distributive points for the National Pension System, the ministry said in a statement. …

PFRDA moves to grey areas in regulation of old age income security schemes
10 years, 5 months ago

PFRDA moves to grey areas in regulation of old age income security schemes

Live Mint  

New Delhi: The pension fund regulator is exploring the possibility of regulating superannuation funds that are at present not regulated by any regulator, as it moves towards setting up a unified regulatory regime for old age income security post the Pension Fund Regulatory and Development Authority Act. While the insurance regulator Insurance Regulatory and Development Authority regulates pension schemes of …

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