India

GLOBAL - The International Accounting Standards Board (IASB) today voted to not move forward with plans to eliminate the use of government bonds to determine discount rates.

INDIA - The board of the Pension Regulatory Fund Development Authority (PFRDA) yesterday approved a proposal to manage companies' pension pots, said executive director Rani Nair.

INDIA - India's pension market is poised to grow 39% year over year to 2013, according the Indian Pension Fund Market Forecast 2013.

INDIA - The launch of the Indian national New Pension Scheme (NPS) has been set for May 1 following concerns about the ability to inform prospective members in time.

India - The public launch of the New Pension Scheme has been delayed because of impending elections.

INDIA- Franklin Templeton Investments has restructured its management team in its Central and Eastern Europe, Middle East and Africa (CEEMEA) and India divisions.

INDIA - India's New Pension System (NPS), to be opened to the public on 1 April 2009, has set out its proposed investment policy and member options for the first time.

INDIA - Employees of the Reserve Bank of India (RBI) are to stage a mass casual leave at the beginning of December, calling for restoration of pension arrangements for retired employees.

INDIA - As many as 25,000 employees of India's central bank plan to strike for a day on 21 October for a higher pension, the United Forum of Reserve Bank Officers and Employees' Association said.

Hui-chen Chou looks at the impact India's New Pension System, which may soon announce it will open the door to foreign managers, will have on the country's economy and retirement landscape