National Pension System News

PFRDA chairman S. Ramann outlines the regulator’s shift from designing centralised NPS products to empowering pension fund managers to innovate and expand India’s retirement coverage.

While New NPS and EPF measures are aimed at making retirement schemes more investor-friendly, the need of the hour for investors is to focus on creating the right amount of retirement corpus.

With the new Multiple Schemes Framework, India’s National Pension System (NPS) lets investors go all-in on equities, pick themed portfolios, and even exit mid-career. But experts warn it could be turning too complex for comfort.

Starting 1 October, the National Pension System will implement major reforms, allowing up to 100% equity in new tailored schemes and easing withdrawal rules. What do these changes mean for you and your savings?

e-NPS is more suited for those who understand the ins and outs of the NPS. However, for the majority of subscribers, points of presence (PoPs) are more suitable, as they provide a better user experience.

The NPS has multiple choices and complex withdrawal and annuity rules, requiring significant sales effort. The low monetary incentives make it even harder to sell at scale.

While high US tariffs are expected to affect market sentiment in the short term, the markets will be more influenced by domestic growth and a pick-up in consumption over the longer term, said K Sivakumar, CIO, ICICI Prudential Pension Funds Management Co Ltd.