India, Oct. 10 -- The combined Assets Under Management (AUM) of the National Pension System (NPS) and Atal Pension Yojana (APY) have surpassed Rs 16 lakh crore, with the subscriber base expanding beyond 9 crores, marking a significant milestone in India's pension journey.
The Pension Fund Regulatory and Development Authority (PFRDA) has introduced initiatives to strengthen NPS and promote wider pension inclusion. These include the Multiple Scheme Framework (MSF), effective from October 1, 2025, offering greater investment choices, the NPS Platform Workers Model for gig workers, and a consultation paper proposing graded payouts and flexible annuity options to enhance retirement adequacy. Targeted outreach drives are also underway to expand ...