PFRDA Likely To Launch Guaranteed Return Scheme: Here Are Some Key Points
The Pension Fund Regulatory and Development Authority (PFRDA) is about to launch a guaranteed return scheme called Minimum Assured Return Scheme (MARS). This scheme is launched to supply people from the salaried class with an option for their investments. PFRDA has appointed EY Actuarial Services LLP as a consultant to assist in designing the proposed MARS under National Pension Scheme (NPS). It will be the primary scheme of pension regulators, to supply a guaranteed return to investors. However, only the ground is ready in the proposed scheme. The consultant is likely to figure out the framework within. Returns Offered By Scheme Actual returns offered by the scheme will rely on the market conditions. Any shortfall is made good by the sponsor, while the excess is goin...
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