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Money & Banking - Pension Plans


ING keen to enter pension segment

Our Bureau


Mr Jan Nijssen, Global Head of Pensions, ING Group

New Delhi , Sept. 16

The ING Group today said that it was keen to enter the Indian pension market once more players are allowed into the sector. "We want to contribute to sustainable pension solutions in the country," ING's global head of pensions, Mr Jan Nijssen, said during a pension workshop organised by CII here.

The ING group already has a presence in the Indian banking and insurance sectors.

Mr Nijssen said that he favoured a single regulator the pension and insurance sectors. He also said that there should not be any cap on the number of pension fund managers to be allowed.

The Government has recently said that it has settled for a separate regulator for the pension sector and is in the process of framing legislation for the new pension system.

Mr Nijssen said that Government should also deepen tax incentives for investments in the pension sector.

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