IndiaÆs new pension system redefines scale

Feb 15, 2009

For starters, the newly selected fund managersÆ annual fees will be 9/100ths of a basis point.

India is poised to launch an innovative pension system on an unprecedented scale. After many years of languishing in bureaucratic limbo, the so-called New Pension System (NPS) is now set to go live on April 1, having just completed an eight-week flurry of activity to establish operational procedures and select fund managers.

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