New Delhi, Aug. 23 -- The Pension Fund Regulatory and Development Authority (PFRDA) is looking to tap the wide network of mutual fund distributors (MFDs) to expand the reach of the National Pension System (NPS).

As reported by Moneycontrol, PFRDA highlighted the StAR NPS platform to expand pension coverage through distributors at an outreach programme for MFDs in Chennai on Saturday.

PFRDA Chairperson Sivasubramanian Ramann said, "Mutual Fund Distributors already have something very valuable, the trust of thousands of customers and an ongoing relationship with them. That trust is exactly what the pension ecosystem needs as we work towards making retirement planning a more regular part of financial conversations".

"For MFDs, NPS is not ...