How To Conduct A Pension Conclave

Transcription

1 PFRDA First Pension Conclave held on 26 th August 2014, IHC, New Delhi Panel Discussion Sh. R. V. Verma, Chairman, PFRDA welcoming the panelists and delegates at the First Pension Conclave L to R: Sh. R V Verma, Chairman, PFRDA, Mr. Mukesh Agarwal, President, CRISIL Research, Mr. Otto Thoresen, Director General, Association of British Insurers., Dr. Nachiket Mor, Board Chair, CARE India & Director, Central Board, Reserve Bank of India, Mr. William Joseph Price, Senior Financial Sector Specialist, Finance and Markets, The World Bank Group, Dr. Ajay Shah, Professor, National Institute of Public Finance and Policy, Mr. Alexander Ilkgelen, Global Head, Insurance Group, Global Financial Markets, International Finance Corporation. Mr William Joseph Price, Senior Financial Sector Specialist, World Bank, Keynote Speaker addressing the delegates at the First Pension Conclave 1

2 Dr. Ajay Shah, Professor, National Institute of Public Finance and Policy addressing the delegates at the First Pension Conclave Dr. Nachiket Mor, Board Chair, CARE India & Director, Central Board, Reserve Bank of India addressing the delegates at the First Pension Conclave 2

3 Mr. Otto Thoresen, Director General, Association of British Insurers addressing the delegates at the First Pension Conclave Mr. Alexander Ilkgelen, Global Head, Insurance Group, Global Financial Markets, International Finance Corporation addressing the delegates at the First Pension Conclave 3

4 Mr. Mukesh Agarwal, President, CRISIL Research addressing the delegates at the First Pension Conclave Dr. B. S. Bhandari, WTM, PFRDA proposing the vote of thanks at the First Pension Conclave 4

5 Delegates at the First Pension Conclave Delegates at the First Pension Conclave 5

6 Launch of PFRDA Website and Release of Annual Report by Shri Arun Jaitley, Hon ble Union Finance Minister, Govt. of India Arrival of Shri Arun Jaitley, Hon ble Union Finance Minister, Govt. of India at the First Pension Conclave and Welcome by Sh. R V Verma, Chairman, PFRDA 6

7 Shri Arun Jaitley, Hon ble Union Finance Minister, Govt. of India lighting the lamp at the First Pension Conclave Sh. R. V. Verma, Chairman, PFRDA welcoming Shri Arun Jaitley, Hon ble Union Finance Minister, Govt. of India and Other Eminent Dignitaries and Delegates at the First Pension Conclave 7

8 Mr. Onno Ruhl, Country Head, World Bank India addressing the delegates at the First Pension Conclave Dr. Anup Wadhawan, Joint Secretary (PI & BA), Ministry of Finance, Department of Financial Services addressing the delegates at the First Pension Conclave L to R: Dr. Anup Wadhawan, Joint Secretary (PI & BA), Department of Financial Services, Ministry of Finance, Dr. B. S. Bhandari, WTM, PFRDA, Shri Arun Jaitley, Hon ble Union Finance Minister, Govt. of India, Sh. R V Verma, Chairman, PFRDA, Mr. Onno Ruhl, Country Head, World Bank India 8

9 Shri Arun Jaitley, Hon ble Union Finance Minister, Govt. of India releasing the Annual Report of PFRDA at the First Pension Conclave Eminent Dignitaries holding the Annual Report of PFRDA after release by the Hon ble Union Finance Minister, Govt. of India 9

10 Shri Arun Jaitley, Hon ble Union Finance Minister, Govt. of India launching the Website of PFRDA at the First Pension Conclave Shri Arun Jaitley, Hon ble Union Finance Minister, Govt. of India addressing the delegates at the First Pension Conclave 10

11 PFRDA Aggregator s Conclave held on 26 th August 2014, IHC, New Delhi Sh. R. V. Verma, Chairman, PFRDA welcoming the panelists and delegates at the PFRDA Aggregator s Conclave L to R: Sh. R V Verma, Chairman, PFRDA, Sh. Rakesh Sharma, GM, PFRDA, Sh. A. G. Das, CGM, PFRDA, Dr. B. S. Bhandari, WTM, PFRDA, Ms. Madhavi Das, ED, PFRDA, Sh. Chandrashekhar Tilak, EVP, NSDL Sh A. G. Das, CGM, PFRDA addressing the delegates at the PFRDA Aggregator s Conclave 11

12 Delegates at the PFRDA Aggregators Conclave Presentation by Aggregators at the PFRDA Aggregators Conclave 12

13 PFRDA Team at the First Pension Conclave 13

14 FM LAUNCHES NEW WEBSITE OF PFRDA AND RELEASES ITS FIRST ANNUAL REPORT; SAYS THE PENSION REFORMS WILL HELP IN RELEASING RESOURCES FOR BETTER DEPLOYMENT AND UTILISATION IN OTHER SOCIAL SECTORS New Delhi, August 26, 2014 The Union Finance Minister Shri Arun Jaitley said that to build a consensus on issues such as pension across the political spectrum is not easy. He said that the Pension Fund Regulatory and Development Authority (PFRDA) legislation has however gone through a process of guided development and adequate sensitisation. He highlighted the important aspects and implications of pension reforms, a key area of financial sector and economic reforms in the country. He said that an amendment to the Insurance Act to enhance the limit of FDI to 49% will also mean similar provision for the pension sector. The increase in the FDI limit to 49%, will permit inflow of foreign capital, investment expertise and new technology. The Finance Minister Shri Jaitley was speaking after launching a new user friendly and informative website of PFRDA at First Pension Conclave held here today. The Finance Minister also on this occasion released the First Annual Report of PFRDA for post notification of the PFRDA Act. Releasing the Report, the Finance Minister hoped that the Regulatory Authority would provide a conducive and enabling environment for expansion in pension industry with larger number of players. The Union Finance Minister Shri Arun Jaitley said that considering that pension pay-outs, particularly unfunded and uncertain are to be borne by the Public exchequer, the pension reforms will mitigate this burden releasing resources for better deployment and utilisation in other social sectors. He highlighted the need to build up corpus of funded resources to eventually act as the source for pension pay outs in future, and also as a source for financing critical sectors as infrastructure and also capital market. Highlighting the importance of NPS Swavalamban scheme for the unorganised sector people, the Union Finance Minister Shri Arun Jaitley said that this segment requires special support and he urged PFRDA to promote this scheme vigorously across the country. Expressing confidence about the role of PFRDA in promoting Swavalamban Scheme, he expressed that the scheme signifies an element of selfpride through participation of the less fortunate and excluded segments. The Finance Minister expressed confidence that the regulatory authority will formulate regulations for sound and sustainable growth of the pension system with due regard to the interest of the subscribers including setting-up an efficient and responsive grievance redressal mechanism, He exhorted the industry to come up with more and more new products which could compete with each other with benefit accruing to the pension subscribers. 14