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| India's pension sector is undergoing fundamental reforms. |
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| Reforms are underpinned by a lifting demand for pensions on the back of rising personal incomes that are forecast to double every ten years and are expected to result in private pension assets in excess of $300 billion by 2019. This presents new business opportunities as well as threats for asset management, insurance, banking and financial retailing interests. |
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| Reforms entail fundamental changes in public policy, legislative, regulatory, accounting, governance and management structures. The private sector is being allocated a larger role in both asset management and service delivery for the existing $100 billion of mandated retirement savings of 32 million workers. A dedicated pensions regulator (PFRDA) is in place to extend coverage of private pensions through the New Pension System (NPS) to 300 million informal sector workers. |
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| The India Pension Consulting Group brings together unique capabilities to assist clients to gain optimum positioning in this complex pension business environment at both the strategic business planning and business implementation levels. |
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