Tatas to manage pension funds
Tata Pension Management sponsored by Tata Asset Management has been appointed as a Pension Fund Manager by the Pension Fund Regulatory and Development Authority (PFRDA), for managing the funds under National Pension System. The ‘Certificate of Commencement of Business as Pension Fund’ was issued by PFRDA in July and the business is now operational. Tata Asset Management Company is one of the three new firms, including Axis Asset Management Company and insurance provider Max Life Insurance, to have secured a license for pension fund management in the past year. As per the company executives, with 28 years of investment management experience, Tata Asset Management now marks its entry in the pension space. The regulator has taken sizeable steps in promoting a pensioned society in India, and we are delighted to provide this array of pension products and services to the citizens of the country.
