The government has secured the support of BJP on the bill to reform the pension sector by agreeing to the main opposition’s demand that the scheme offer a minimum assured return and foreign investment be capped at 26%. The new pension scheme (NPS) will offer an option for an assured return of 8.6% for investments in government bonds, while subscribers willing to take a higher degree of risk can look at other choices, where their contributions are invested in a mix of private and government placements.
http://economictimes.indiatimes.com/personal-finance/savings-centre/savings-news/pension-scheme-to-offer-8-6-assured-return-option/articleshow/11175569.cms
.
Totally surprising. Now I’m sure what I’m going to do tomorrow 🙂