NPS – National Pension System Trust will restart recovering administrative charges and expenses @ 0.005 per cent per annum

NPS – National Pension System Trust will restart recovering administrative charges and expenses @ 0.005 per cent per annum

NPS Trust

National Pension System Trust

Notice to subscribers

It is brought to the notice of all subscribers under National Pension System that, as approved by the Pension Fund Regulatory and development Authority, NPS Trust will restart recovering administrative charges / expenses @ 0.005% per annum of the Asset under Management (AUM) on saily accural basis to meet is expenditure.The Same will be effective from 01/08/2019.

(Akilesh Kumar)

General Manager

New Delhi
Date: 26/07/2019

Amendment to PFRDA (Appointment of Auditors) Guidance Note-2012

Amendment to PFRDA (Appointment of Auditors) Guidance Note-2012

Pension Fund Regulatory
& Development Authority

1st Floor, ICADR Building,
Plot No. 6, Vasant Kunj
Institutional Area, Phase – II,
New Delhi – 110070
Tel : 011-26897948/26897949
Fax : 011-26897938

CIRCULAR

PFRDA/2015/02/PFM/02

Date: 05 Jan. 2015

To,
All Pension Fund Managers
CRA
Custodian Trustee bank NPS Trust Auditors

Subject: Amendment to PFRDA (Appointment of Auditors) Guidance Note-2012

Part B – Clause 2 of the PFRDA (Appointment of Auditors)Guidance Note-2012 -has been amended to –
Appointment of auditors and their fee will have to be approved by the Board of NPS Trust.

The recovery of the audit fee and the appointment of auditor would be applicable as per Clause 6 of ‘PFRDA (Preparation of Financial Statements and Auditor’s Report of Schemes under National Pension System) Guidelines-2012 ’.which is reproduced hereunder for ready reference:

‘Every PF shall have the financial statements of scheme audited by an external auditor who is not in any way associated with the audit of the PF or sponsor of the concerned PF or any other PF or schemes of any other PF. Scheme Auditor will be appointed by the NPS Trust and audit fee will be paid by the Pension Fund after obtaining approval for payment from NPS Trust’.

sd/-

Sumeet Kaur Kapoor
(General Manager)

http://www.pfrda.org.in/MyAuth/Admin/showimg.cshtml?ID=568
Source: http://www.pfrda.org.in/