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Introduction

D R B I

Force Reckon
 
 

Home  :  Retirement Benefits  :  Force Reckon

Force Reckon is one of the unique associations conceptualized by Darashaw in the country that has managed to build such a large & loyal following amongst the fund managers and administrators of Retirement Funds. This was designed to be a forum for interaction between the fund managers / administrators and the regulatory authorities which would lead to better interaction as well as coordination between them.

The first in this series of seminars was held in Bangalore and Darashaw felt that, we, as the favored service providers in this industry, could assist the fund managers and administrators in developing themselves to face the challenges of the new millennium as well as how better they could create wealth for the retirees within the existing legal as well as regulatory framework.

The response that we have received right from the inception till today has been extremely positive and encouraging.
 

Last time Darashaw had organized a similar seminar (Force Reckon V) under the auspices of Mr. N. Rangachary, Chairperson-IRDA; Mr. Ajay Singh, Central Provident Fund Commissioner- (EPFO); Mr. A Vishwanathan, Additional Central Provident Fund Commissioner- (EPFO); Dr. Mukul G. Asher, Professor-National University of Singapore; Mr. B.K. Bhattacharya, Chairman-Pension Reforms Committee

The Seminar received a very good response and was hailed as a groundbreaker. The main purpose of this seminar was to bring about a greater level of interaction between the regulatory authorities and the trusts. Over 250 delegates representing big organizations took part in this seminar.

For any organization especially an industry body such as Force Reckon, it is critical to have clarity and focus. Therefore, Force Reckon’s Vision, Mission Statement, KRAs & Goals were set out after a lot of thought and feed back.

Vision

“By Unlocking Peoples’ Wealth, We Unlock The Nation’s Wealth”

Objective

  1. Enhance the knowledge and awareness base of the Retirement Benefit administrators and fund managers.

  2. Better mutual understanding and interaction between the Retirement Benefits industry participants and the regulator (EPFO).

  3. Positively influence the Post retirement funds’ investment pattern to benefit the fund and it's beneficiaries as well as help in the creation of wealth.

All the above has helped to make Force Reckon an eagerly awaited for annual event and helped to strike a balance between the regulatory authorities in this industry and the various participants in terms of the fund managers. Thus, Force Reckon became the only forum of its kind that facilitated the interaction between the regulatory authorities and the fund managers.

For the past couple of years Darashaw has been continuing with its agenda of actionable, meaningful and required reforms for the retirement funds. There are several issues involved in developing a strategy and policy environment for management of retirement funds. The primary objective of a system is to ensure the retirement income security. Global experience has shown that a sound strategy for investments needs attention to both technical and policy issues.

So, with the winds of Transformation blowing over the financial landscape, with these conferences there is greater transparency, higher accountability and freedom to choose as per one’s appetite.

 

 

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