Core Insights - The Pension Fund Regulatory and Development Authority (PFRDA) has approved a framework allowing Scheduled Commercial Banks (SCBs) to independently establish pension funds to manage the National Pension System (NPS), aimed at enhancing competition and safeguarding subscriber interests [4][6] - The PFRDA is addressing regulatory constraints that previously limited bank participation by introducing eligibility criteria based on net worth, market capitalization, and prudential soundness, ensuring only well-capitalized banks can sponsor pension funds [4][6] - The Investment Management Fee (IMF) structure for pension funds will be revised effective April 1, 2026, to align with evolving realities and international benchmarks, introducing differentiated rates for government and non-government sector subscribers [5][6] - The National Pension System currently has over 90 million subscribers and assets under management of ₹15.5 trillion as of August 31 [5][6] Regulatory Changes - The PFRDA's new framework aims to strengthen the pension ecosystem and enhance competition among pension fund managers [4][6] - The revised IMF structure will apply to both new and existing pension funds, with the Annual Regulatory Fee (ARF) remaining unchanged at 0.015% [5][6] - The reforms are expected to lead to improved long-term retirement outcomes and enhanced old-age income security for subscribers [5][6] Governance Updates - PFRDA has appointed three new trustees to the NPS Trust Board, including Dinesh Kumar Khara as chairperson, who is the former chairman of State Bank of India [5][6]

New Delhi: In a move that could materially widen access to pension products, the Pension Fund Regulatory and Development Authority (PFRDA) board has given an in-principle nod to allow scheduled commercial banks to directly set up pension funds to manage the National Pension System (NPS). The move is expected to deepen distribution and increase competition among fund managers.The proposed framework seeks to address existing regulatory constraints that had so far limited bank participation in the pension sect ...

Core Viewpoint - The Dutch occupational pension system, the largest in the European Union, will transition to a new system starting January 1, which will no longer guarantee benefits, enabling the sector to invest in riskier assets [1] Group 1: Transition Details - The new system will allow the nearly 2-trillion-euro ($2.35 trillion) pension sector to diversify its investment portfolio by purchasing riskier assets [1]

19 December 2025 | 12:31PM EST Economics Research GLOBAL MARKETS ANALYST An Investor's Guide to Japanese Portfolio Flows Goldman Sachs Global Markets Analyst An Investor's Guide to Japanese Portfolio Flows Japanese portfolio flows can have an outsized impact on market dynamics due to Japan's exceptionally large, positive net international investment position (NIIP) and the historically high domestic participation in the JGB market. For that reason, investors have long had an eye on the official statistics, ...

India’s move to lift investment caps on the insurance industry also applies to the $177 billion pension fund sector, paving the way for 100% foreign ownership, according to the industry regulator https://t.co/CeG7yPEFal ...

The electronic platform of the Mandatory Provident Fund (eMPF) is expected to reach its fee cut target five years ahead of schedule and could save the scheme's 4.75 million members HK$50 billion (US$6.4 billion) in less than 10 years, according to the chairwoman of the pension regulator. The Mandatory Provident Fund Schemes Authority (MPFA) revised its estimates of cost savings from the eMPF platform on Monday during a media briefing hosted by Ayesha Macpherson Lau, who provided an update on the largest r ...

Indian pension managers have countered an industry regulator’s proposal aimed at shielding the $175-billion industry from bond volatility, saying it could distort fund values, according to sources https://t.co/p5i2wMXcCN ...

Core Points - The SEC has postponed the deadlines for hedge funds and large investors to comply with short-selling and related stock lending disclosure regulations [1] - The new deadline for compliance with short-selling regulations is now January 2, 2028, and for stock lending disclosure regulations, it is September 28, 2028 [1] - The SEC believes these temporary exemptions align with public interest and investor protection [1] Industry Impact - Short-selling has been under increased scrutiny in the U.S. market, especially following the 2008 financial crisis and the 2021 surge in interest in "meme stocks" like GameStop Corp [1] - In October 2023, the SEC mandated that certain investment managers report short-selling data monthly, while pension funds, banks, and institutional fund managers must report stock lending transactions the next day [1] - Several industry associations have filed lawsuits challenging these regulations, and a ruling from the Fifth Circuit Court in August indicated that the SEC did not adequately consider the economic impact of these rules [1]

Core Insights - The world's largest pension fund, Japan's $1.8 trillion Government Pension Investment Fund (GPIF), is considering a shift to impact investing, which may transform institutional investing in Japan [2][4] - Other local pension funds and asset managers are already revising their investment strategies in response to GPIF's new approach [2][3] Group 1: Impact Investing Shift - GPIF's strategy shift is creating a ripple effect in Japan's money management industry, prompting at least four other pension funds to update their investment policies [2] - Asset managers are adjusting their pitches to meet the rising demand for impact-oriented mandates, indicating a broader industry trend [3] Group 2: Government Support and Economic Implications - The Japanese government supports the shift towards impact investing as a means to address challenges such as an aging population and gender inequality [4] - GPIF President Kazuto Uchida stated that targeting environmental and social outcomes can lead to economic and capital market growth [3] Group 3: Growth of Impact Investing - Impact investing in Japan is rapidly expanding, with a reported increase of 50% in 2024, reaching $120 billion, up from $80 billion in 2023 [6] - The World Economic Forum noted that pension funds are diversifying their strategies towards high-impact local development aligned with government plans [5]

South Korea’s National Pension Service, one of the world’s largest pension funds, has launched the process to appoint a new CEO https://t.co/iFZD0RjX99 ...