Pension Fund Manager definition

Pension Fund Manager means an asset management company or a life insurance company duly authorized by the Commission to efficaciously manage the contributions made by or on behalf of participants in pension fund and meet such other conditions as may be prescribed from time to time by the Commission;

Pension Fund Manager means UBL Fund Managers Limited or any pension fund manager , duly authorized by the Commission to efficaciously manage the Contributions made by or on behalf of Participants in Pension Fund under Clause 9, and includes the successors-in-interest and assigns of the Pension Fund Manager;

Pension Fund Manager means Atlas Asset Management Limited, an asset management company duly authorized by the Commission to efficaciously manage the Contributions made by or on behalf of Participants in Pension Fund and meet such other conditions as may be prescribed from time to time by the Commission.

Examples of Pension Fund Manager in a sentence

• No contribution should be paid to an intermediary, except to the Pension Fund Manager or its authorized representatives as prescribed.

• The Pension Fund Manager has been authorized by the Commission to execute and to register the Trust Deed.

• BN Vital Operadora de Planes de Pensiones Complementarias, S.A. (the Pension Fund Manager) was organized as a corporation on December 31, 1998.

• HDFC Pension Management Company Limited (‘the Company’) has been appointed as a Pension Fund Manager (‘PFM’) by the Pension Fund Regulatory and Development Authority ("PFRDA") for the management of Pension Schemes under the National Pension System (‘NPS’).

• To meet out any eventuality of mass redemption, liquidity and ALM concerns, in Scheme E Tier I and Scheme G Tier I, which may occur if a Corporate decides to change the Pension Fund Manager, the scheme should have sufficient investments in liquid securities in G-Secs and liquid equity scrips.

• For the Pension Fund Manager, Article 49 of Law No. 7983 establishes that public capital pension operators must allocate 50% of their earnings to the affiliates of the Compulsory Retirement Savings Fund.

• The seed capital of the Pension Fund shall be provided, invested or arranged by the Pension Fund Manager.

• The successors or nominated survivor(s) of the deceased Participant shall be the only persons recognized by the Trustee as having any title or interest in the Units held by such Participant in their Individual Pension Account, provided that the Registrar or the Pension Fund Manager or the Trustee may at their discretion request the nominated survivors or successors to provide succession certificates or other such mandate from a court of lawful authority, if they consider the same to be necessary.

• However, in case of Corporate CG scheme, in past we have seen mass redemptions from the scheme whenever a bank decides to change the Pension Fund Manager.

• This activity has been extended to the Bank’s subsidiaries, i.e. the Brokerage Firm, Investment Fund Manager and Pension Fund Manager.

More Definitions of Pension Fund Manager

Pension Fund Manager means the Life Insurance Corporation of India or any other Public Sector undertaking, regulated by an authority as may be prescribed by the Government;

Pension Fund Manager means any person who registers one or more pension fund plans under Part XVI;

Pension Fund Manager means the person(s) appointed by the Directors to invest

Pension Fund Manager means Al Meezan Investment Management Limited or any pension fund manager, duly authorized by the Commission to efficaciously manage the Contributions made by or on behalf of Participants in Pension Fund and meet such other conditions as may be prescribed from time to time by the commission

Pension Fund Manager means the person(s) appointed by the Directors to invest the whole or part of the assets of the Scheme in accordance with such terms and conditions of service as may be specified in the instrument of appointment.

Pension Fund Manager means Pension Fund Manager, as defined in the Voluntary Pension System Rules, 2005, and has entered into an agreement with the employer to manage contributory provident fund for the employees under these rules, and the employer has not terminated or cancelled the agreement, as per law;