Finance Ministry may allow 5 pvt funds to manage pensions of govt staff

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July 29, 2013 by apicomely

Finance Minister P Chidambaram. (IE Photo)

Based on the decision taken, sources said, a notification will be issued shortly. Currently, there are three fund managers for managing pension corpus of government employees. They are LIC Pension Fund Ltd, SBI Pension Funds Pvt Ltd and UTI Retirement Solutions Ltd. Private sector pension corpus is managed by 8 players including three fund managers who manages the government employees’ corpus.

RPT-Fitch Updates Criteria for Servicing Continuity Risk in Structured Finance

The update does not contain any material changes and will not have any rating impact on existing transactions. No ratings will be reviewed as a result of the criteria update. The report entitled ‘Criteria for Servicing Continuity Risk in Structured Finance’ is available at http://www.fitchratings.com and replaces the previous report dated 10 August 2012. The report is available at http://www.fitchratings.com or by clicking on the link below. Link to Fitch Ratings’ Report: Criteria for Servicing Continuity Risk in Structured Finance

Old-Fashioned Regulators Miss What’s New in Finance

Borrowers couldnt borrow and had to liquidate assets instead. As forced sellers, many lost money; with too little loss-absorbing capital, some faced insolvency. Fear spread, further driving down the prices of securities, adding to the panic. It was a run, but not one that traditional financial regulation could have stopped. Legislators and regulators havent been idle lately.

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