Minimum assured return pension scheme in the works: PFRDA chief, Mohanty

The Pension Fund Regulatory and Development Authority (PFRDA) is developing a minimum assured return pension product. The pension scheme is anticipated to have higher premiums to ensure attractive returns, the regulator stated on Wednesday. It will require more capital from the pension fund, as it will take on more risk in providing assured returns.

Minimum assured return pension scheme in the works: PFRDA chief, Mohanty
The Pension Fund Regulatory and Development Authority (PFRDA) is developing a minimum assured return pension product. The pension scheme is anticipated to have higher premiums to ensure attractive returns, the regulator stated on Wednesday. It will require more capital from the pension fund, as it will take on more risk in providing assured returns.