India pension scheme gains popularity among NRIs
The government’s national pension system is extended to overseas citizens
The government’s national pension system is extended to overseas citizens
There is ‘absolute need’ for having qualified advisers
Smaller companies may need to merge to stay in the business
Industry-recognised qualifications are essential for long-term professional client relationships
There has been ‘a mushrooming’ of independent adviser firms in the past two years
The move is triggered by draft financial regulations to curb mis-selling of investment products
‘Grey area’ for NRI advisers selling portfolio bonds, says accountancy institute’s Mahmood Bangara
Tax breaks, low prices and cheaper home loans are key factors
Personal income tax ceiling and tax deducted at source (TDS) threshold on interest income from deposits is raised
Valuations look attractive to buyers, as market poised for consolidation
Smaller adviser firms face ‘grim situation’, despite speculation more India brokers to target NRIs
They are allowed to file manual applications by 31 March 2019