New Delhi, Nov. 6 -- The Pension Fund Regulatory and Development Authority (PFRDA) has directed pension funds and other National Pension System (NPS) intermediaries to implement revised rules for naming, displaying and marketing investment schemes by December 1, requiring greater transparency in scheme disclosures and wider choice for subscribers.
In a circular, the pension regulator amended its earlier framework, requiring Point of Presence (PoP) platforms to display schemes offered by all pension funds within the category selected by a subscriber.
"Any other PoP operating its own platform shall display the schemes of all Pension Funds within the category selected by the subscriber," the circular stated.
The regulator has permitted such...