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Tata AMC has entered into pension fund business with the launch of Tata Pension Management Limited.
In a press release, Prathit Bhobe, CEO & MD, Tata AMC said, “With 28 years of investment management experience, Tata Asset Management now marks its entry in the pension space. The regulator has taken sizeable steps in promoting a pensioned society in India and we are delighted to provide this array of pension products and services to the citizens of the country.”
Kurian Jose, CEO, Tata Pension said, “In India, the concept of retirement planning is still at a nascent stage. We look forward to contributing towards creating awareness on pension literacy to support Indian citizens to achieve their retirement goals.”