26 Per Cent FDI In Pension Sector

The Union Cabinet has approved amendments to the Pension Fund Regulatory Development Authority, PFRDA Bill 2011 before presenting it in the Winter Session of Parliament.

It also agreed to the proposed 26 per cent foreign investment in the pension sector.

The amendment, however, does not mention providing assured returns to subscribers.

An official spokesperson said the government is of the view that FDI cap in the pension fund should be at 26 per cent at par with the insurance sector.