India

INDIA - Most Indian companies do not offer adequate corporate retirement programmes for their workforce, a study by Mercer has revealed.

INDIA - Pension funds from around the world are now eyeing up investments in India due to fading interest in Europe and the US, according to industry experts.

INDIA - More than 15 of the world's top 20 global pension funds are making investments in India, according to Watson Wyatt.

INDIA - India's New Pension Scheme (NPS) will initially allow members just two investment options - government securities alone or a 15/85% split between equities and fixed income.

INDIA - Mercer has opened an office in India to research local asset and portfolio management service firms dealing with listed equities.

INDIA - The Japan Special Fund is to provide a US$1m grant to help India's transition to a new pension system.

INDIA - The State Government of Kerala has repealed a 2002 order which made civil service and public sector workers sign up to contributory pension schemes when entering employment, according to a report in the New India Press.

INDIA - The Pension Fund Regulatory and Development Authority (PFRDA) has announced sweeping changes to the government New Pension Scheme (NPS).

INDIA - FTSE Group and Indian infrastructure specialist, Infrastructure Development Finance Company Ltd (IDFC), have launched the first ever Indian infrastructure index, with investable products expected to be launched in August.

INDIA - The State Bank of India (SBI), UTI Asset Management and the Life Insurance Corporation (LIC) have been appointed to manage part of the R17bn (US$400m) government pension fund.