New Delhi, April 24 -- A change in the way commissions are structured for onboarding clients to the National Pension System (NPS) may still fail to draw significant interest from distributors, experts said.

Points of Presence (PoPs), the intermediaries that act as the primary customer interface for the NPS, can now earn 0.20% of the assets under management per annum as a trail commission in addition to a one-time onboarding fee of Rs.200 when a new client is registered, the Pension Fund Regulatory Authority of India (PFRDA) said in a circular on 10 March.

Before this, trail commissions-a recurring fee paid to distributors as long as a client remains invested-were not allowed. Distributors could only charge a direct fee of Rs.200-300 per...