Tuesday, September 17, 2013

National Pension Scheme returns hit by downturn

The passing of the Pension Bill by Parliament is good news for investors in the National Pension Scheme (NPS). But the news from the market is not very heartening. Despite the rebound in stocks, NPS funds have churned out losses in the past year. While the NAVs of the schemes may be higher than the September 2012 levels, the point-to-point returns hide the true picture....