Author: Hélène K. PoirsonPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Financial Market Implications of India's Pension Reform
Author: Hélène K. PoirsonFinancial Market Implications of India’s Pension Reform
Author: Ms.Helene Poirson WardPublisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451866490
Category : Business & Economics
Languages : en
Pages : 0
Book Description
India's planned pension reform will set up a proper regulatory framework for the pension industry and open up the sector to private fund managers. Drawing on international experiences, the paper highlights pre-conditions for the reform to kick-start financial development, including: (i) the buildup of critical mass; (ii) sufficiently flexible investment guidelines and regulations, including on investments abroad; and (iii) concurrent reforms in capital markets. Given the limited scale of the planned reform, the key challenge for India is to achieve sufficient critical mass early on. Options to address this challenge include granting permission for existing workers to switch to the new system or outsourcing all or part of the reserves of private sector provident funds to the new pension fund managers.
Financial Market Implications of India's Pension Reform
Author: Hélène PoirsonPublisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 30
Book Description
India's planned pension reform will set up a proper regulatory framework for the pension industry and open up the sector to private fund managers. Drawing on international experiences, the paper highlights pre-conditions for the reform to kick-start financial development, including: (i) the buildup of critical mass; (ii) sufficiently flexible investment guidelines and regulations, including on investments abroad; and (iii) concurrent reforms in capital markets. Given the limited scale of the planned reform, the key challenge for India is to achieve sufficient critical mass early on. Options to address this challenge include granting permission for existing workers to switch to the new system or outsourcing all or part of the reserves of private sector provident funds to the new pension fund managers.
Financial Market Implications of Indi^'s Pension Reform
Author: Hélène PoirsonAgeing, Pension Reform, and Financial Market Implications in the OECD Area
Author: H. J. BlommesteinPublisher:
ISBN:
Category : Aging
Languages : en
Pages : 48
Book Description
Implementing an Inclusive and Equitable Pension Reform
Author: Cheolsu KimPublisher: Routledge
ISBN: 1136325123
Category : Business & Economics
Languages : en
Pages : 280
Book Description
India is ageing. One response of Indian policy makers has been introduction of the New Pension Scheme (NPS), a defined contribution pension scheme which is mandatory for civil servants and voluntary for the rest of the population. Given the size of the target population, even if take up is modest, NPS savings may soon provide huge amounts of capital to the Indian economy. However, challenges are abound. What governance structure will best achieve the ultimate policy goal of serving the needs of savers? What business processes and information technology design will serve members best? How effectively will the NPS attack the problem of old-age poverty? In this book, a multi-disciplinary international team, comprised of economists, lawyers, pension management experts, and capital market experts, attempt to answer these and other questions. The book proposes significant legal, regulatory, and governance reforms for the NPS and other existing pension schemes, as well. It finds that current NPS business practices cannot keep pace with potential growth of the system and makes suggestions on how to take better advantage of information technology. Based on review of experience elsewhere and state-of-the-art economic-demographic modelling, it warns that the NPS in its current form does not address the retirement income needs of the lifelong very poor, suggesting that it is only one in a range of responses needed to cope with the challenges of population ageing in India.
Ageing and Pension System Reform: Implications for Financial Markets and Economic Policies
Author: Ignazio ViscoAgeing and Pension System Reform
Author: Pension Reform in India
Author: H. SadhakPublisher: SAGE Publications Pvt. Limited
ISBN: 9788132109792
Category : Business & Economics
Languages : en
Pages : 0
Book Description
Changing population dynamics have challenged the socio-economic stability of nations globally. This has brought into focus pension reform as one of the most critical socio-economic-political agendas. Against this background, this book gives a comprehensive account of the Indian pension system and the ongoing reforms. Pension Reform in India discusses the current National Pension System (NPS) structure and architecture extensively and also throws light on the alternative old-age financial-security schemes available in the country. To enable a better understanding of the critical issues of the hour, the author provides insights into pension reforms in many emerging-economy countries. Drawing upon his years of experience in this field and also from exhaustive research of data and publications of international agencies and eminent scholars, the author proposes methods for designing a pension system that is both viable and robust.
Author: Dambisa F. Moyo