he Government of India issues Press Note 4 (2015 Series) to increase foreign direct investment in the Pension Sector

The Government of India has issued Press Note 4 (2015 Series) [Press Note] on 24 April 2015 to increase the foreign direct investment limit in the pension sector from 26 percent to 49 percent.

Increase in FDI in the pension sector will be a progressive step and will provide impetus and new dimension to the pension sector in India.

Unlike in the case of the insurance sector, the Press Note seems to indicate the possibility of control by the foreign investor in the Indian pension fund (subject to approval from the FIPB).