India

INDIA - The Ministry of Finance has proposed relaxing rules governing employer-sponsored pension fund investment.

INDIA - Decks have been cleared for the long-awaited pension reforms with the IndianUnion Cabinet giving approval to a proposal to bring in legislation for establishing a separate regulator for the sector.

INDIA - The Congress Party shock victory in India's general election will create market volatility for at least the remainder of the year, asset managers warn.

INDIA - The government of India has in principle decided to allow foreign direct investment (FDI) in the pension sector, and fund managers will be allowed to park funds abroad.

INDIA - The Indian Government has decided to kick-start the pension reforms and plans have been finalised to establish the pension regulatory authority - Pension Funds Regulatory and Development Authority (PFRDA) - by the end of this year.

INDIA - Amid growing confusion in pension circles, the wait for an Indian pensions regulator seems to be nearing its end, official sources say.

INDIA - The Indian government will appoint the independent Pension Fund Regulatory and Development Authority (PFRDA) this month.

INDIA - The finance minister of India, Jaswant Singh, has announced a new pension scheme for senior citizens that guarantees an annual return of 9%, which will be disbursed by the Life Insurance Corporation (LIC).

INDIA - India's labour and finance ministries have locked horns over the introduction of pension reforms. While the labour ministry has suggested that the reforms be introduced in a phased manner the finance ministry wants a nationwide implementation...

UK/INDIA - Prudential is to transfer around 850 jobs from its pensions customer contact centre in Reading to India.