The (PFRDA) is launching a guaranteed return scheme called Minimum Assured Return Scheme (MARS).
Highlights
This scheme will be launched to supply people from the salaried classes with an Investment option.
PFRDA has appointed EY Actuarial Services LLP as a consultant to design the proposed MARS under National Pension Scheme (NPS).
It will be the first scheme from the pension regulator to supply a guaranteed return to investors.
However, only the ground is about in the proposed scheme. A consultant is probably going to figure out the framework within some months.