IFSCA has issued the Report of the Expert Committee on Development of Pension Products at GIFT IFSC. The Committee has recommended a detailed product design emphasising each stage of the product. The report recommends a comprehensive regulatory framework that strikes a balance between encouraging voluntary participation and safeguarding the interests of the contributors. The Committee has also analysed the tax design and proposed a tax framework with crucial recommendations to make the product attractive.
IFSCA will be drafting the pension product regulations based on the report of the Expert Committee.
