In a progressive move that resonates with the government’s commitment to the well-being of its citizens, Bangladesh has introduced the Universal Pension Scheme (UPS). This groundbreaking initiative marks a significant stride towards securing financial stability and social protection for a diverse range of individuals across the country. As we delve into the intricacies of this… Continue reading Benefits of Universal Pension Scheme in Bangladesh you may not know
Author: MMP
Challenges of Universal Pension Scheme in Bangladesh
As Bangladesh undergoes economic transformation and demographic changes, the need for a comprehensive social security system becomes increasingly pronounced. The Universal Pension Scheme (UPS) has gained attention as a potential solution to address the financial needs of senior citizens. However, implementing such a scheme is not without its challenges. This study delves into the challenges… Continue reading Challenges of Universal Pension Scheme in Bangladesh
How to make the UPS successful?
The recent announcement of the Universal Pension Scheme (UPS) by the Bangladeshi government marks a crucial step towards supporting the elderly population. As the country’s average life expectancy rises to 73 years, the need for an old-age support system becomes increasingly urgent. The implementation of the UPS on August 17, 2023, is promising, but its… Continue reading How to make the UPS successful?
Universal Pension Scheme in Bangladesh: All you need to know
In a historic move aimed at providing financial security and social protection to a significant portion of the population, It is the launching of the universal pension scheme in Bangladesh today. This groundbreaking initiative, spearheaded by the government, aims to encompass approximately 10 crore people from various socio-economic backgrounds. The pension scheme is poised to… Continue reading Universal Pension Scheme in Bangladesh: All you need to know
How Do Robo-Advisors Make Money?
Robo-advisors make money through fees charged for their services, such as management fees and account maintenance fees. These fees are typically based on a percentage of the assets under management (aum) or a flat fee per account. Additionally, some robo-advisors may generate revenue through interest earned on cash holdings or by offering premium services with… Continue reading How Do Robo-Advisors Make Money?
Is Robo-Advisor a Chatbot?
No, a robo-advisor is not a chatbot. A robo-advisor is an automated investment platform, while a chatbot is an ai-powered virtual assistant designed to interact with users through conversation. Robo-advisors use algorithms to provide personalized investment recommendations, while chatbots are more commonly used for customer service and information retrieval. Although both leverage technology, they serve… Continue reading Is Robo-Advisor a Chatbot?