NPS introduces 0.25% commission to boost sales

Jan 25

NPS introduces 0.25% commission to boost sales

To give a leg-up to the National Pension Scheme, the regulator for pension funds has changed the incentive mechanism for distributors by fixing it at 0.25 per cent of the contribution made by subscribers, subject to a ceiling of Rs 25,000. At present, the distributors are allowed to charge only Rs 20 every time a subscriber contributes to the scheme. This is one of the main reasons the NPS has failed to take off since it was opened up for all citizens in May 2009.
http://www.financialexpress.com/news/nps-introduces-push-factor-to-boost-sales/903246/

 

.

Leave a Reply

Your email address will not be published. Required fields are marked *