European Parliament Library

Financial Market Implications of India’s Pension Reform, Hélène Poirson

Abstract
India's planned pension reform will set up a proper regulatory framework for the pension industry and open up the sector to private fund managers. Drawing on international experiences, the paper highlights pre-conditions for the reform to kick-start financial development, including: (i) the buildup of critical mass; (ii) sufficiently flexible investment guidelines and regulations, including on investments abroad; and (iii) concurrent reforms in capital markets. Given the limited scale of the planned reform, the key challenge for India is to achieve sufficient critical mass early on. Options to address this challenge include granting permission for existing workers to switch to the new system or outsourcing all or part of the reserves of private sector provident funds to the new pension fund managers
Table Of Contents
Contents; I. Introduction; II. Benmarking India's Pension System; A. India's Pension Plan in International Perspective; Box; 1. The New Pension System; B. Financial Implications; III. Investment Policies and Returns on Pension Contributions; Figures; 1. Cumulative Real Returns, 1995-2006; Tables; 1. Estimated Pensions and Replacement Rates under the NPS; 2. Annual Inflation-Adjusted Returns on Stocks and Government Bonds, 1995-2006; A. Investment Limits; B. Asset Allocation; 3. Equity and Foreign Investment Restrictions for Pension Funds; C. Diversification Abroad
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (23 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781452765259

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