India is home to 130 billion people and as per estimates very soon 1 in every 5 will be above the age of 60 here. To bring more people under the ambit of a structured retirement scheme and provide better financial security to individuals in later age, PFRDA has made several announcements with respect to NPS, a primary product in the category through a virtual session held few days ago.
With 38 per cent growth in AUM and 23 per cent in number of subscribers, the awareness around retirement product National Pension System is growing. To make it more attractive among individuals and investors the pension regulator suggested key changes it is willing to make very soon.
What’s there for the investor??
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ASK THE EXPERT
Ques. One of my friends told me that your company provides detailed Retirement plans. I want to know what is the procedure to get my Retirement plan. I will be retiring in March 2025. R.P Gupta, Noida
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