New Delhi, Nov. 4 -- The Pension Fund Regulatory and Development Authority (PFRDA) has amended its previous circular on the standardized framework for the classification and presentation of schemes under the National Pension System (NPS).

The latest circular, issued on 3 November, changes the naming convention for Multiple Scheme Framework (MSF) schemes and clarifies how pension fund schemes must be displayed on Point of Presence (PoP) platforms.

Both the earlier provisions and the latest amendments will come into effect on 1 December. Here's what you need to know.

Clause 3.2 of the 28 August circular prescribed the naming format as: "Abbreviation of Pension Fund Name + NPS + MSF Category Code + Scheme Name."

It also required every sc...