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Panel to Streamline Pension Sector Regulation, Growth
Mint New Delhi
|August 28, 2025
The government has set up a high-level committee, the Forum for Regulatory Coordination and Development of Pension Products, bringing together top financial regulators and key ministries to streamline India's fragmented pension system and unlock opportunities in the hugely under-penetrated sector.
Currently, only around 12% of India's workforce is covered by formal pension schemes. Chaired by the secretary of the Department of Financial Services, the forum will include the secretaries from the ministries of corporate affairs, labour, revenue, and coal, along with the heads of Securities and Exchange Board of India (Sebi), Insurance Regulatory and Development Authority (Irdai), the International Financial Services Centres Authority, Reserve Bank of India (RBI) deputy governor, and the central prov
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