New managers for India

clock •

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.

The three haven beaten competition to offer alternative products to central and state government employees. These will include risk-free options with funds investing in government bonds as well...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on India

India

India proposal to regulate pensions omits foreign investment

INDIA - India's government has presented proposals in parliament that seek to give statutory power to the country's pension regulator, while omitting any mention of allowing foreign investment in the provision of old-age income.

Bibhudatta Pradhan at Bloomberg News
clock 24 March 2011 •
India

GSAM boosts Indian footprint with ETF acquisition

INDIA - Goldman Sachs Asset Management has acquired India's largest ETF provider Benchmark Asset Management and announced plans to bring actively managed funds onshore.

Raquel Pichardo-Allison
clock 16 March 2011 •
India

Indian fund turns to micro-finance for first deposits

INDIA - A new scheme catering for workers in India's unorganised sector is looking for micro-finance loan providers to help members make their first contributions.

Jaishree Kalia
clock 06 October 2010 •
Trustpilot