Sep 1, 2008

Govt raises ceiling on private pension funds? investment in equities

Govt raises ceiling on private pension funds? investment in equities


The
government today, 14 August 2008, said private pension funds would be
allowed to invest 15% of their assets in stock markets from 1 April
2009, from the current 5%. Non-government pension funds will be allowed
to invest up to 55% of the assets in federal, state and debt mutual
funds.

0 comments: