Tata Pension Management Limited (TPML) sponsored by Tata Asset Management Private Limited has been appointed as a Pension Fund Manager (PFM) by the Pension Fund Regulatory and Development Authority (PFRDA), for managing the funds beneath National Pension System (NPS).
The ‘Certificate of Commencement of Business as Pension Fund’ was issued by PFRDA on twenty eighth July 2022; and the enterprise is now operational from 18th August, 2022, the corporate mentioned.
Speaking on the event, Prathit Bhobe, CEO & MD, Tata Asset Management Private Limited mentioned, “With 28 years of funding administration expertise, Tata Asset Management now marks its entry within the pension house. The regulator has taken sizeable steps in selling a pensioned society in India, and we’re delighted to offer this array of pension services to the residents of the nation.”
Tata Pension Management Limited (TPML) provides fund administration providers beneath National Pension System regulated by PFRDA, Government of India. Established in 1994, Tata Asset Management Private Limited (TAMPL) is owned by Tata Sons Ltd (67.91%) and Tata Investment Corporation Ltd (32.09%).
Speaking on the launch, Kurian Jose, CEO, Tata Pension Management Limited mentioned, “In India, the idea of retirement planning continues to be at a nascent stage. We stay up for contributing in direction of creating consciousness on pension literacy to assist Indian residents to realize their retirement objectives.”
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