Your money, your choice: Why India’s financial regulators should emulate the new NPS model
The pension regulator has reduced mandatory annuity purchases, removed lock-in periods, allowed investment until age 85, introduced systematic withdrawal options, and permitted up to 100% equity allocation. While this freedom may cause some to make poor decisions, the old, rigid model was worse.
The pension regulator has reduced mandatory annuity purchases, removed lock-in periods, allowed investment until age 85, introduced systematic withdrawal options, and permitted up to 100% equity allocation. While this freedom may cause some to make poor decisions, the old, rigid model was worse.
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