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Conduct special audit of PF trusts: Panel to labour ministry

Conduct special audit of PF trusts: Panel to labour ministry

A parliamentary panel has asked the labour ministry to conduct special inspection or audit of private EPF trusts that have been found to be investing their workers' retirement savings in own firms through mutual funds.

'Govt needs to begin building pension net for private sector'

Government needs to soon begin building a pension net for employees working in the private sector to avoid bearing the heavy fiscal burden of providing minimum sustenance to those who end up having no pension at all, Crisil Research said on Tuesday.

Indians prefer to put their retirement savings into cash: HSBC

More than half of working Indians in the age bracket of 55-64 years prefer to put their retirement savings into cash deposits, says an HSBC survey.