Unified Pension Scheme: Is good psychology also sound economics?
The government’s unveiling of its Unified Pension Scheme (UPS) looks set to relegate the National Pension System (NPS) to history. Truth be told, this market-linked scheme launched in 2004 didn’t get enough time to prove its ability to offer retirees a respectable payout. Two decades of investments in market instruments failed to impress people, apparently,…