India. PFRDA expands pool of pension agents to widen NPS distribution
The Pension Fund Regulatory and Development Authority (PFRDA) has expanded the pool of entities eligible to act as pension agents, allowing Points of Presence (PoPs) to engage a wider set of intermediaries to distribute pension schemes, including the National Pension System (NPS). In a circular, the regulator permitted PoPs to onboard additional categories of individuals and institutions under the “any other person” clause of the PFRDA (Point of Presence) Regulations, 2018. The move builds on earlier clarifications issued in September and...
