PFRDA

Pension regulator in talks with HRMS providers to enable salary-linked contributions; sees scope for pension funds to finance infrastructure

At the BFSI Insight Summit 2026, PFRDA chief S Ramann outlined plans to expand pension coverage, strengthen APY, integrate NPS with payroll systems and fund infrastructure

Pension Fund Regulatory and Development Authority (PFRDA) Chairperson S Ramann on Tuesday said companies should be able to integrate National Pension System (NPS) contributions into their human

Speaking at the Business Standard BFSI Insight Summit 2026, PFRDA chief S Ramann said integrating NPS with corporate payrolls should be easy, enabling employees to save alongside EPF

The pension regulator is widening investment options and simplifying digital enrolment to expand retirement coverage.

Investors should compare the premiums under NPS Swasthya with those of the standalone super top-ups offered by insurance companies

PFRDA's NPS Swasthya combines healthcare withdrawals with a super top-up cover, while Irdai proposes tighter commissions and expense limits to curb mis-selling and lower distribution costs

Regulator is working on multiple products leading to a guaranteed offering; guidelines for innovative bonds and the Swasthya scheme are expected in the coming days

In talks with finance ministry; access to derivatives is key

Initiative aims to deepen capital markets while creating a stronger investment ecosystem for NPS

While pension reforms and new retirement products are expanding choices, experts say changing younger workers' perception of retirement savings is crucial to boosting participation

Pension Sahayak guide: Here's how PFRDA's new grievance portal works

The pension fund manager expects onboarding through BHIM, Google Pay and PhonePe, along with new products, to drive subscriber growth in FY27

Surrender of annuity will be allowed only if it meets the terms of the contract

New framework allows phased pension withdrawals while keeping mandatory annuity rules unchanged

PFRDA's proposed NPS Swasthya Pension Scheme seeks to combine retirement savings with healthcare financing, potentially reshaping elderly-care funding beyond traditional insurance models

Regulator plans gradual shift towards 25% equity in government composite scheme and new asset classes, including AIFs, to support long-term returns

PFRDA has approved a pilot NPS Swasthya Pension Scheme under its regulatory sandbox to test health-linked benefits, allowing medical withdrawals and premature exits for treatment

The scheme may not suit investors who want liquidity, are targeting short- to medium-term goals, or are uncomfortable with equity volatility

PFRDA has set up a high-level expert panel, SAARG, to review and modernise the NPS investment framework, focusing on asset allocation, risk governance and long-term returns