01845cas a2200241 a 4500 AALejournalIMF004851 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451866490 1018-5941 BD-DhAAL BD-DhAAL Poirson, Helene. Financial Market Implications of India's Pension Reform / Helene Poirson. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students India's planned pension reform will set up a proper regulatory framework for the pension industry and open up the sector to private fund managers. Drawing on international experiences, the paper highlights pre-conditions for the reform to kick-start financial development, including: (i) the buildup of critical mass; (ii) sufficiently flexible investment guidelines and regulations, including on investments abroad; and (iii) concurrent reforms in capital markets. Given the limited scale of the planned reform, the key challenge for India is to achieve sufficient critical mass early on. Options to address this challenge include granting permission for existing workers to switch to the new system or outsourcing all or part of the reserves of private sector provident funds to the new pension fund managers. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2007/085 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/085/001.2007.issue-085-en.xml IMF e-Library