Outsourcing Industry of Retirement Provident Fund (RPF) in Bangladesh: A Study on FinSource Ltd

Abstract

Pension systems allow people to enjoy a sound retirement after their working life. They are the main source of income for the older citizens, providing good protection against poverty and other social security measures. In the developed countries like USA provident fund management is well-developed and organized sector through which the citizens of their having a stable life at their old age after retirement. This well-organized scenario has become possible because of the Third-Party Administrator (TPA) firms. FinSource Ltd. is an outsourcing firm currently working for EdgeCo Holdings LLC. The report has been divided into seven main chapters to elaborate the RPF industry of Bangladesh. Chapter one introduces the topic, the purpose, and the scope of the study to the readers. While chapter two tries to provide a background about the organization. Chapters three and four are based on the training gained, new skills learned, and the set of activities done as part of the internship with a summary of the overall experience of the internship. Chapters five and six explain the methodology of the report and the analysis done using the statistical tools. Chapter seven gives a conclusion of the analysis done then shares the limitations faced during the report and finally gives some relevant recommendations.