PFRDA Announces Policy Reforms to Enhance NPS Ecosystem
The Pension Fund Regulatory and Development Authority (PFRDA) has introduced new policy reforms to boost the sustainable growth of the National Pension System (NPS). Key changes include allowing Scheduled Commercial Banks to sponsor pension funds, appointing new trustees to the NPS Board, and revising the Investment Management Fee structure for better subscriber protection. These measures aim to improve competitiveness in the pension sector, expand coverage across various market segments, and ensure more secure retirement outcomes for individuals.
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