India may allow pension fund agency to regulate all pension products
Saturday, December 21, 2019, 8:22 PM
India's finance ministry has approved in principle making the Pension Fund Regulatory and Development Authority the sole regulator for all Indian pension products, said Supratim Bandyopadhyay, a member of the authority. "The in-principle approval has come from finance ministry for the PFRDA Act amendment which will make PFRDA the single regulator for pension products," said Bandyopadhyay.
Government to soon start selection process for new PFRDA chairman
Sunday, March 17, 2019, 2:33 PM
The government will soon start selection process for a-new-chairman of pension fund regulator PFRDA to succeed the present chief, Hemant G Contractor, whose term is slated to end in April. "The Finance Ministry will soon come-out with an advertisement to find a successor to head the Pension Fund Regulatory and Development Authority (PFRDA)," sources told. Contractor's term will be completed on April 30, 2019.