Pension Funds and Pension Systems Explained | NPS | APY | PPF | MODULE D: FINANCIAL PRODUCTS AND SERVICES
Pension Funds and Pension Systems: A Complete Guide Introduction to Pension Funds Pension Funds are investment pools that collect and invest money to provide retirement income for employees. Contributions are typically made during an individual's working years and are invested to grow over time, ensuring financial security after retirement. Pension System and Its Aspects A pension system broadly consists of the following aspects: Accumulation Phase – Contributions are made. Investment Phase – Funds are invested in different asset classes. Decumulation Phase – Pensioner receives payouts (annuities/lump sums). Regulation and Management – Regulatory frameworks ensure stability and security. Pension Products and Diff...