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Finance
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FM fast-tracks pension laws
Finance Minister Pranab Mukherjee on Monday said a slew of financial sector legislation to be introduced in financial year 2011-12 will pave the way for growth in foreign direct investments in insurance, pension and banking sectors. more...
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Politics-World
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French Retirement Reform Becomes Law
French President Nicolas Sarkozy s reform raising the retirement age from 60 to 62 became law Wednesday, a victory for the conservative government and a defeat for unions that waged massive strikes and street protests to try to capsize the plan. more...
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Politics-India
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SC comes to the rescue of 90 year old war widow
In the time of rising inflation, it is indeed shocking to witness the plight of a 90 year old war widow who draws a measly Rs 70 as family pension. However, now the Supreme Court has taken notice of the woman s plight and intervened, pulling up the government for low pension in times of extreme price rise. more...
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Business-India
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LIC eyes Rs 795 cr collection from Chandigarh division
Life Insurance Corporation of India s handigarh division is eyeing an over 20 percent growth in collection from first premium and pension products at Rs 795 crore in the current fiscal. more...
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Politics-India
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Creating an environment for change
Eighty six year old Bansidhar Sharma of Seetaram Puri Basti in Jaipur, Rajasthan spent his youth fighting for the nation. He is amongst those distinguished freedom fighters who led India to freedom from the British Raj, but like many others his efforts went unnoticed. Today, he survives on Government pension, which isn t enough to meet his medical expenses. more...
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Politics-India
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Rs 1,000 a year pension aid to informal sector workers
The government today approved a Rs 1,000 per annum pension assistance to unorganised sector workers to inculcate the habit of savings among this population of over 300 million. more...
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Politics-USA
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Pension age of 66 within five years
The pension age could be raised to 66 within five years, far sooner than expected as life expectancy increases rapidly. more...
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Finance
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What a hung Parliament means for your personal finances
The last hung Parliament led to very hard times for savers and homebuyers but City experts are divided about whether today s indecisive general election result will also hit pension fund values and mortgage costs. more...
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Politics-World
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The million pound pension pots of the mandarins
Dozens of senior civil servants have pension pots worth more than £1million, fuelling the gap between public sector pensions and private sector workers retirement funds. more...
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