New Delhi, July 18 -- The Pension Fund Regulatory and Development Authority (PFRDA) Chairman Sivasubramanian Ramann outlined an artificial intelligence roadmap to redesign the National Pension Scheme's onboarding process and encouraged "responsible" AI use for a pension advisory platform powered by the technology.

Speaking at an industry event this week, S Ramann said the regulator is redesigning the NPS' onboarding process by simplifying enrolment and reducing choices at the entry stage. He added that the authority is developing an AI-powered explainable pension advisory platform to provide personalised financial guidance. This Ramann added would eventually be expanded to include insurance and securities, making trusted financial advice...