The PFRDA apaarently, though the issuer is not clear from coverage, is coming out with new Pension fund guidelines. The new guidelines allow fund managers to promise guaranteed returns , principals at maturity or yields without having to promise a minimum 4.25% annuity. The Annuity is not readily understandable by the customer esp if it is a good return on his investment and the new guidelines take care of that. These are quite close to operationalizaton and the finall announcements must be for Jan or April 2012 onwards

Posted via email from The India Investment Post