After Panjab University’s Board of Finance meeting on Wednesday, the varsity will now write to the Union ministry of education to take permission to grant PU employees who had joined before 2004 another chance to opt for the Old Pension Scheme. Punjab had further given its employees aged below 35 until 2006 to opt for OPS, and a proposal to …
In part 1 of this series, we highlighted the importance of retirees having some element of equity asset allocation in their portfolios. Post retirement when the income apparatuses undergo a radical shift and risk-taking abilities also decline, investment strategies may become heavly coloured by an extra conservative approach which may deter wealth creation in the long run. Investments into asset …
Ninety-five-year-olds who retired 30 years ago, back in 1990, would still be reminiscing today about getting around 15 per cent interest on a one-year term deposit at the bank. The recession also caused the bank term deposit rate to sink to around 5 per cent by 1994, but since then it has fluctuated between 5 and 8 per cent, which …
