New Delhi, Aug. 31 -- The Pension Fund Regulatory and Development Authority (PFRDA) has introduced a standardised framework for classifying, naming and displaying investment schemes under the National Pension System (NPS) for subscribers in a circular dated 28 August.

The move is aimed at making it easier for NPS investors to compare schemes offered by different pension funds before choosing where to invest their retirement savings.

Here is what NPS subscribers need to know.

NPS schemes will now be presented under five broad types:

The new framework also ends the earlier distinction between Common Schemes and MSF Schemes.

MSF schemes will be divided into five categories:

This gives investors a clearer indication of the level of equi...