Korea's sovereign wealth fund plans takes steps on voting rights in portfolio companies; Malaysia's EPF's investment income for 2022 drops from a year ago; Australian pension fund questions manager investment in India's Adani Group; and more.
The Pension Fund Regulatory and Development Authority (PFRDA) and Bank of India launched the digital platform for NPS enrolment in association with K-fintech.
Synopsis
PFRDA has recently allowed investment in new-age assets, such as REITs and InvITs, to maintain a decent rate of return as interest rates plunge to record lows.
Getty Images
A few days ago, PFRDA also allowed pension funds to invest in bonds issued by trusts that need money to run long-term projects.
Related
MUMBAI: India’s pension funds regulator, which recently expanded the list of instruments asset managers could own, Tuesday allowed partial deployment of retirement cash pools into initial public offerings (IPO), primarily of above Rs 21,415 crore market capitalisation to cushion the impact of low-interest rates and boost yields for the average saver.