Saturday, July 19, 2014

Sellers of National Pension System need better incentives

......The government must do two things. One, it should make better use of its pension subsidy. The government now offers a subsidy of Rs 1000 to encourage a poor person to join the NPS. A better way would be for the government to use the money to underwrite initial overhead costs in asset management, distribution and central record keeping. The wafer-thin asset management fee should be topped up..........

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