Aspects of Pension Fund Reform Lessons for India

Aspects of Pension Fund Reform: Lessons for India Urjit R Patel Motivation for discussing an agenda for change in the Indian provident/pension fund system is provided by a compelling need to: (i) increase the number of people who have access to old-age financial security; (ii) enhance the flow of long-term institutional savings; and (iii) give a boost to the healthy development of financial markets. After analysing the present system in India, policy and regulatory changes needed to achieve the above goals on a long-term sustainable basis are put forward, The paper makes an attempt to draw some lessons from changes taking place in this sector elsewhere with the help of international case studies.