Tuesday, September 29, 2020
PFRDA comes out with ‘Guaranteed Returns’ on Pension Scheme!
There is a great news for all the pension seekers in India. India’s pension department, that is PFRDA (The Pension Fund Regulatory and Development Authority) has introduced a pension scheme ensuring least returns, and this plan will be releasing soon in this current financial year crisis.
The Pension Fund Regulatory and Development Authority (PFRDA) is chipping away at least assured return-based pension scheme. The pension authority is in chats with pension funds and actuarial firms to work out the modalities of the proposed conspire.
Under the PFRDA Act, we have the order to dispatch a minimal assured return scheme plan back. Under benefits support (PF) plans, the assets that are overseen are mark-to-showcase. So clearly there is some unpredictability and the valuation is as indicated by the market development. So under that, there might be a few people who might want to have some minimal confirmation (on return). So for that, individuals are working with the pension fund managers and some actuarial firms to discover what could be the ideal (least) level of assurance that can be given. Yet at the same time the assurance should be connected to the market in light of the fact that eventually it is fund managers who need to give the ensured part of the return on investment.
On being inquired as to whether PFRDA would have the option to dispatch this item during the current financial itself, they will attempt. This is an item that they will be giving out of their own. Something else, in the event that we see, NPS and APY are the items that have been made in discussion with the (Finance) Ministry, the PFRDA said further.
Nonetheless, the PFRDA added numerous highlights to the National Pension System (NPS) conspire as the fundamental item was conceived by the administration and the authority helped in making the item. Comparable is the situation with the Atal Pension Yojana (APY), they said: “So this will be the main item to be propelled by the PFRDA”. Here the actuarial perspective plays an extremely urgent job in light of the fact that in our current items they are not ensuring anything. Whatever the market returns are, net of costs, we are giving it to the clients wherein fundamentally the venture hazard is with the client.
The PFRDA controls two government pension funds plans – NPS and APY. While the previous is essentially for the administration area workers (central and state), self-ruling bodies and corporate associations, the APY is focused at the unorganized sectors.
What are NPS and APY Fund Schemes?
NPS is a willful, characterized commitment retirement savings funds plot that empowers supporters of settle on ideal choices with respect to their future through efficient investment funds during working life. The individual reserve funds are pooled into an pension support which are contributed by the PFRDA directed proficient fund managers according to the endorsed investment rules. The pension fund managers put the cash into enhanced portfolios involving government bonds, bills, corporate debentures and shares. These commitments develop and aggregate throughout the long term, contingent upon the profits earned on the investment made.
APY takes into account essentially the individuals who are not part of any social security scheme plots and are not income tax payer citizens. A supporter gets qualified for a month to month pension of Rs 1,000 to up to Rs 5,000 after the retirement age of 60, contingent upon the commitment, which depends on the time of joining the plan.
Contact Paisa Invest for all your financial plans as we are the most trusted financial planner in Kolkata. Call us now!
Friday, September 25, 2020
Should you plan your retirement during COVID-19?
At Paisa Invest, we often come across our clients who ask us rather earnestly that whether or not should they plan their retirement during COVID-19. Considering the same, the in-house experts at Paisa Invest have decided this entire article in an effort to answer the most relevant financial query under the current situation and help their audiences make the most informative decision on the matter.
What is retirement planning?
Retirement planning includes determining retirement income goals and forming a plan of actions to achieve those goals. This includes the allocation of savings to meet the financial requirements at a later stage of an individual’s lifetime.
Why should you plan your retirement during COVID-19 phase?
Loss of income sources: The pandemic has forced businesses and corporates alike to either shut down or perform remotely with half of the workforce. That has further led to people losing their jobs or receiving an unforeseen reduction in their salaries.
Uncertain future: With the endemic hovering over our heads, no business or employees are confident of what the future holds. The economy might get back on track once the current situation subsides. However, nobody is sure as to when the situation will improve, and we will have a vaccine to protect us from the virus.
Market decline: Financial volatility caused by the sudden outbreak of the novel coronavirus have racked the stock market for good. With this, the chances of financial loss have increased many folds for investors.
Impact on investments: Market decline has further led to discouraging investments. Without being able to diversify their assets, many people are anticipating a derailment of their retirement plans.
7 Steps for retirement planning during COVID-19
Avoid financial guess-works: With wrecked financial plans, many people are likely to make the wrong financial choices. However, financial experts believe that people without prior expertise and knowledge of systematically managing their finances are most likely to commit many financial mistakes then otherwise. Expertise for investing in optimum instruments, awareness about the consequence of taxes and loans on economic well-being is significant for being able to secure your retirement plans and financial well-being at the later stage of life.
Understand your total financial position: Reassessing financial portfolio and reviewing asset allocations to see if they fit your long-term financial aspirations are essential to have a financially secured retired life. That becomes all the more crucial under the current pandemic situation when people often fail to make required financial calculations to achieve their goals.
Analyse financial implications of longevity: The consideration of the intersection of wealth and health plays a vital role when an individual is planning their finances in a way to have enough to retire. With the global life expectancy rate going as high as 100 years with enhanced medical facilities and more, people have to consider if their savings are sufficient to help them have a comfortable retired life for so many years.
Save more and spend less: With social distancing directives in place, the affinities for extra expenses are less. That makes it convenient for individuals to cut on their expenses and endeavour to save more for their future self and aspirations.
Add more income streams: With companies shut down, markets collapsed and massive salary cuts around the world, the pandemic situation has made it essential for individuals to sort out ways to add more income streams by monetizing their talents and hobbies.
Renegotiate EMIs and loans: With a decline in most retail loans during the pandemic, the individuals can approach their banks to renegotiate their EMIs. The savings from these EMIs should be then directed towards retirement planning to help them make up for fewer income flows and the impact of the same on their retirement financial goals.
Reassess your retirement goals: Reassessing your retirement goals in consideration to the post-pandemic period will help you to reinstate your income to the pre-pandemic level. Once at a much stable state financially, an individual can further work towards meeting their financial aspirations for their retired life.
Hence are the most fundamental steps as suggested by the certified financial planning consultants at Paisa Invest that an individual should consider when planning their retirement during COVID-19.
Do you need professional assistance to help you manage your finances during COVID-19? Contact us today!
What is retirement planning?
Retirement planning includes determining retirement income goals and forming a plan of actions to achieve those goals. This includes the allocation of savings to meet the financial requirements at a later stage of an individual’s lifetime.
Why should you plan your retirement during COVID-19 phase?
Loss of income sources: The pandemic has forced businesses and corporates alike to either shut down or perform remotely with half of the workforce. That has further led to people losing their jobs or receiving an unforeseen reduction in their salaries.
Uncertain future: With the endemic hovering over our heads, no business or employees are confident of what the future holds. The economy might get back on track once the current situation subsides. However, nobody is sure as to when the situation will improve, and we will have a vaccine to protect us from the virus.
Market decline: Financial volatility caused by the sudden outbreak of the novel coronavirus have racked the stock market for good. With this, the chances of financial loss have increased many folds for investors.
Impact on investments: Market decline has further led to discouraging investments. Without being able to diversify their assets, many people are anticipating a derailment of their retirement plans.
7 Steps for retirement planning during COVID-19
Avoid financial guess-works: With wrecked financial plans, many people are likely to make the wrong financial choices. However, financial experts believe that people without prior expertise and knowledge of systematically managing their finances are most likely to commit many financial mistakes then otherwise. Expertise for investing in optimum instruments, awareness about the consequence of taxes and loans on economic well-being is significant for being able to secure your retirement plans and financial well-being at the later stage of life.
Understand your total financial position: Reassessing financial portfolio and reviewing asset allocations to see if they fit your long-term financial aspirations are essential to have a financially secured retired life. That becomes all the more crucial under the current pandemic situation when people often fail to make required financial calculations to achieve their goals.
Analyse financial implications of longevity: The consideration of the intersection of wealth and health plays a vital role when an individual is planning their finances in a way to have enough to retire. With the global life expectancy rate going as high as 100 years with enhanced medical facilities and more, people have to consider if their savings are sufficient to help them have a comfortable retired life for so many years.
Save more and spend less: With social distancing directives in place, the affinities for extra expenses are less. That makes it convenient for individuals to cut on their expenses and endeavour to save more for their future self and aspirations.
Add more income streams: With companies shut down, markets collapsed and massive salary cuts around the world, the pandemic situation has made it essential for individuals to sort out ways to add more income streams by monetizing their talents and hobbies.
Renegotiate EMIs and loans: With a decline in most retail loans during the pandemic, the individuals can approach their banks to renegotiate their EMIs. The savings from these EMIs should be then directed towards retirement planning to help them make up for fewer income flows and the impact of the same on their retirement financial goals.
Reassess your retirement goals: Reassessing your retirement goals in consideration to the post-pandemic period will help you to reinstate your income to the pre-pandemic level. Once at a much stable state financially, an individual can further work towards meeting their financial aspirations for their retired life.
Hence are the most fundamental steps as suggested by the certified financial planning consultants at Paisa Invest that an individual should consider when planning their retirement during COVID-19.
Do you need professional assistance to help you manage your finances during COVID-19? Contact us today!
Wednesday, September 1, 2010
Monday, September 28, 2009
LPGA Kingsmill contract for Michelob Ultra Open sponsorship will not be renewed
WILLIAMSBURG, Va. (AP)—The LPGA Tour has lost four of its marquee events.
Anheuser-Busch announced Monday that it is not renewing its sponsorship of the popular Michelob Ultra Open at Kingsmill after four years.
Anheuser-Busch vice president Dan McHugh said that the company has decided to spread its sponsorships over a wider range of professional golf events. He says it will continue working with the LPGA.
“We’re looking to give sort of a tiny bit more national scope,” McHugh said. He said after a lengthy analysis after the May event here, the company wants to “create a footprint in more tournaments.”
McHugh said Monday’s announcement will mean a Michelob presence at more events, as well as a continuing support of the LPGA Tour. McHugh added that the support would be with hospitality opportunities than a major sponsorship.
The LPGA has lost at least four tournaments since 2007.
Anheuser-Busch owns the Kingsmill Resort and Spa, where the PGA Tour made a stop for 22 years before the LPGA took over four years ago. McHugh said the decision-making method included considering the higher costs of being the owner and operator of a tournament.
Michelob Ultra also hopes to continue as the official beer of the tour, he said.
The players were notified of the news early Monday, Albrecht said.
The news is expected to be taken hard by the players on the tour, who voted the event their favorite in 2007. Fans voted it their favorite event in 2008, said Eric Albrecht, vice president of marketing for the tour. He attended the press conference.
“As they move closer and closer to the 2010 schedule, we’re feeling better and better about that schedule,” Albrecht said. “We feel lovely where was are in September. We’re optimistic but we’re also realistic knowing that our 2010 schedule may not be what it was a couple of years ago.”
“I think it’s a tiny bit the realities of the sports sponsorship landscape,” he said, adding that the tour has “close to” 20 events confirmed for 2010. He said the tour is in discussions with nine other events and working with several potentially new event partners.
In 2007, the LPGA had 34 events on its schedule. It had 27 this year, lost all three of its events in Hawaii, longtime sponsor Corning after 31 years and several others.
It's been a difficult year for the women’s tour. A group of prominent players wrote a letter in July asking for the resignation of tour commissioner Carolyn Bivens after three years, saying the tour’s woes could not all be blamed on a weakened economy.
Albrecht said since the modify the news has been encouraging, including the announcement last week that Rolex will sponsor this year’s final event, the LPGA Tour Championship.
Bivens resigned the following week, and was replaced on an interim basis by Marsha Evans, a retired rear admiral in the Navy who also has led the American Red Cross and Girl Scouts of the USA. The tour has said it hopes to find a permanent replacement for Bivens by year’s finish.
“We’ve had a lot of companies begin to talk to us since the Solheim Cup,” he said.
The U.S. victory in the Solheim Cup against a team of European players drew positive attention to the tour, he said, and may help the tour land new sponsors.
“Kingsmill will and has had some dialogue with the LPGA and would like to have further discussion about any opportunities for us moving forward,” Noe said. “If there are opportunities that arise in the future, we’d like to be part of those discussions.”
For Kingsmill, which drew raves from players for the corps of 1,500 volunteers that made the week of tournament activities run so smoothly, it might not be the finish of professional golf in Virginia, said Wayne Noe, the tournament director of the Michelob Ultra Open.
McHugh said the decision not to go forward was not finalized until last week, but if a sponsor arose willing to bring the LPGA back, the company would be “very receptive” to it.
Anheuser-Busch announced Monday that it is not renewing its sponsorship of the popular Michelob Ultra Open at Kingsmill after four years.
Anheuser-Busch vice president Dan McHugh said that the company has decided to spread its sponsorships over a wider range of professional golf events. He says it will continue working with the LPGA.
“We’re looking to give sort of a tiny bit more national scope,” McHugh said. He said after a lengthy analysis after the May event here, the company wants to “create a footprint in more tournaments.”
McHugh said Monday’s announcement will mean a Michelob presence at more events, as well as a continuing support of the LPGA Tour. McHugh added that the support would be with hospitality opportunities than a major sponsorship.
The LPGA has lost at least four tournaments since 2007.
Anheuser-Busch owns the Kingsmill Resort and Spa, where the PGA Tour made a stop for 22 years before the LPGA took over four years ago. McHugh said the decision-making method included considering the higher costs of being the owner and operator of a tournament.
Michelob Ultra also hopes to continue as the official beer of the tour, he said.
The players were notified of the news early Monday, Albrecht said.
The news is expected to be taken hard by the players on the tour, who voted the event their favorite in 2007. Fans voted it their favorite event in 2008, said Eric Albrecht, vice president of marketing for the tour. He attended the press conference.
“As they move closer and closer to the 2010 schedule, we’re feeling better and better about that schedule,” Albrecht said. “We feel lovely where was are in September. We’re optimistic but we’re also realistic knowing that our 2010 schedule may not be what it was a couple of years ago.”
“I think it’s a tiny bit the realities of the sports sponsorship landscape,” he said, adding that the tour has “close to” 20 events confirmed for 2010. He said the tour is in discussions with nine other events and working with several potentially new event partners.
In 2007, the LPGA had 34 events on its schedule. It had 27 this year, lost all three of its events in Hawaii, longtime sponsor Corning after 31 years and several others.
It's been a difficult year for the women’s tour. A group of prominent players wrote a letter in July asking for the resignation of tour commissioner Carolyn Bivens after three years, saying the tour’s woes could not all be blamed on a weakened economy.
Albrecht said since the modify the news has been encouraging, including the announcement last week that Rolex will sponsor this year’s final event, the LPGA Tour Championship.
Bivens resigned the following week, and was replaced on an interim basis by Marsha Evans, a retired rear admiral in the Navy who also has led the American Red Cross and Girl Scouts of the USA. The tour has said it hopes to find a permanent replacement for Bivens by year’s finish.
“We’ve had a lot of companies begin to talk to us since the Solheim Cup,” he said.
The U.S. victory in the Solheim Cup against a team of European players drew positive attention to the tour, he said, and may help the tour land new sponsors.
“Kingsmill will and has had some dialogue with the LPGA and would like to have further discussion about any opportunities for us moving forward,” Noe said. “If there are opportunities that arise in the future, we’d like to be part of those discussions.”
For Kingsmill, which drew raves from players for the corps of 1,500 volunteers that made the week of tournament activities run so smoothly, it might not be the finish of professional golf in Virginia, said Wayne Noe, the tournament director of the Michelob Ultra Open.
McHugh said the decision not to go forward was not finalized until last week, but if a sponsor arose willing to bring the LPGA back, the company would be “very receptive” to it.
Sunday, September 27, 2009
volkswagen golf, Volkswagen Golf R, Volkswagen Golf Wagon, Volkswagen Golf Info, News And Latest Searches
VW Golf R video makes us crave - Driving.ca Blog
VW Golf R video makes us crave. We had a story up Tuesday about the Volkswagen Golf R possibly coming to Canada but this neat video from VW makes us want the hottest Golf even more. Actually, the video ticks us off because ...
Driving.ca Blog - http://communities.canada.com/driving/blogs/driving/default.aspx
Video: Volkswagen Golf R against Scirocco R : Car Advice | News Blog
19 Responses to “Video: Volkswagen Golf R against Scirocco R”. Frank says: September 21, 2009 at 3:27 pm. With that, there really is no reason for VW to offer the Golf in a 2 door configuration any more – Scirocco- bring it on! ...
Car Advice | News Blog - http://www.caradvice.com.au/
Frankfurt 2009: Volkswagen Golf R20 is our kind of bolt of blue ...
Tags: false, frankfurt, frankfurt 2009, frankfurt motor show, frankfurt2009, FrankfurtMotorShow, golf r20, GolfR20, r20, volkswagen, volkswagen golf, volkswagen golf r20, VolkswagenGolf, VolkswagenGolfR20, vw, vw golf, vw golf r20, ...
Autoblog - http://www.autoblog.com/
Volkswagen Golf is Europe's top selling car
To be Europe's top selling car is no mean feat but the sixth-generation Volkswagen Golf has done it in 5 straight months. Last August, the Golf sold 37662.
Car news, Car reviews, Spy shots and Videos... - http://www.4wheelsnews.com/
VIDEO: Volkswagen Golf R and Scirocco R Hit the Track : Auto News
Last week Volkswagen took the wraps off the Golf R at the Frankfurt Auto Show, with the high-powered hatch joining the Scirocco in VW's expanding R.
AutoGuide.com AutoGuide.com News - http://www.autoguide.com/auto-news/
2010 Volkswagen Golf R: Closest To Scirocco R We'll Ever Get - VW ...
Volkswagen will unveil the 2010 VW Golf R at this week's Frankfurt Motor Show. The Golf R will share basic underpinnings with the recently-unveiled Scirocco R plus it'll add VW's 4Motion AWD. Only other difference?
Jalopnik - http://jalopnik.com/
XF – Volkswagen Golf MK2 GT (v1.1)
Created by: N.i.K. PS: For LFS Z10 or High Description: VW golf2 for XFG and XFR. For all fans of old school. http://lfsmods.com/wp-content/plugins/downloads-, Download - Volkswagen Golf MK2 GT Size: (925.39KB) Downloaded: 739 ...
www.lfsmods.com - http://lfsmods.com/
Golf, Sports and Entertainment » Why Does The Check Oil Light Come ...
4 Responses to “ Why Does The Check Oil Light Come On In My 2000 Volkswagen Golf Tdi? ” itsthewi // Sep 26, 2009 at 23:29. could be a bad oil sending unit. Maya`s dad // Sep 27, 2009 at 01:59. most likely your oil level sensor is ...
Golf, Sports and Entertainment - http://www.asiangolfers.com/
Volkswagen Golf R - Cars
The most potent ever Volkswagen Golf has made its worldwide debut at the 2009 Frankfurt Motor Show. Despite no longer powered by the sonorous 3.2-litre V6 engine of the first and second generation "R" models, power from the new ...
ZCars - http://www.zcars.com.au/
Volkswagen Golf Wagon To Arrive In Australia Q1 2010 | The Motor ...
Despite the extra load-carrying ability of the Golf Wagon, Volkswagen spokesman Karl Gehling told TMR that it will not take the place of the slightly larger Passat wagon in VW's line-up. The German automaker's local arm does not expect ...
The Motor Report: Auto News And Reviews - http://www.themotorreport.com.au/
Source
VW Golf R video makes us crave. We had a story up Tuesday about the Volkswagen Golf R possibly coming to Canada but this neat video from VW makes us want the hottest Golf even more. Actually, the video ticks us off because ...
Driving.ca Blog - http://communities.canada.com/driving/blogs/driving/default.aspx
Video: Volkswagen Golf R against Scirocco R : Car Advice | News Blog
19 Responses to “Video: Volkswagen Golf R against Scirocco R”. Frank says: September 21, 2009 at 3:27 pm. With that, there really is no reason for VW to offer the Golf in a 2 door configuration any more – Scirocco- bring it on! ...
Car Advice | News Blog - http://www.caradvice.com.au/
Frankfurt 2009: Volkswagen Golf R20 is our kind of bolt of blue ...
Tags: false, frankfurt, frankfurt 2009, frankfurt motor show, frankfurt2009, FrankfurtMotorShow, golf r20, GolfR20, r20, volkswagen, volkswagen golf, volkswagen golf r20, VolkswagenGolf, VolkswagenGolfR20, vw, vw golf, vw golf r20, ...
Autoblog - http://www.autoblog.com/
Volkswagen Golf is Europe's top selling car
To be Europe's top selling car is no mean feat but the sixth-generation Volkswagen Golf has done it in 5 straight months. Last August, the Golf sold 37662.
Car news, Car reviews, Spy shots and Videos... - http://www.4wheelsnews.com/
VIDEO: Volkswagen Golf R and Scirocco R Hit the Track : Auto News
Last week Volkswagen took the wraps off the Golf R at the Frankfurt Auto Show, with the high-powered hatch joining the Scirocco in VW's expanding R.
AutoGuide.com AutoGuide.com News - http://www.autoguide.com/auto-news/
2010 Volkswagen Golf R: Closest To Scirocco R We'll Ever Get - VW ...
Volkswagen will unveil the 2010 VW Golf R at this week's Frankfurt Motor Show. The Golf R will share basic underpinnings with the recently-unveiled Scirocco R plus it'll add VW's 4Motion AWD. Only other difference?
Jalopnik - http://jalopnik.com/
XF – Volkswagen Golf MK2 GT (v1.1)
Created by: N.i.K. PS: For LFS Z10 or High Description: VW golf2 for XFG and XFR. For all fans of old school. http://lfsmods.com/wp-content/plugins/downloads-, Download - Volkswagen Golf MK2 GT Size: (925.39KB) Downloaded: 739 ...
www.lfsmods.com - http://lfsmods.com/
Golf, Sports and Entertainment » Why Does The Check Oil Light Come ...
4 Responses to “ Why Does The Check Oil Light Come On In My 2000 Volkswagen Golf Tdi? ” itsthewi // Sep 26, 2009 at 23:29. could be a bad oil sending unit. Maya`s dad // Sep 27, 2009 at 01:59. most likely your oil level sensor is ...
Golf, Sports and Entertainment - http://www.asiangolfers.com/
Volkswagen Golf R - Cars
The most potent ever Volkswagen Golf has made its worldwide debut at the 2009 Frankfurt Motor Show. Despite no longer powered by the sonorous 3.2-litre V6 engine of the first and second generation "R" models, power from the new ...
ZCars - http://www.zcars.com.au/
Volkswagen Golf Wagon To Arrive In Australia Q1 2010 | The Motor ...
Despite the extra load-carrying ability of the Golf Wagon, Volkswagen spokesman Karl Gehling told TMR that it will not take the place of the slightly larger Passat wagon in VW's line-up. The German automaker's local arm does not expect ...
The Motor Report: Auto News And Reviews - http://www.themotorreport.com.au/
Source
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