Association of NPS Intermediaries officially launched in Mumbai

Speaking at the conference, PFRDA Chairperson Dr Deepak Mohanty, emphasised, "The launch of the Association of NPS Intermediaries is a significant milestone for the pension sector. I am confident it will further strengthen and redouble our efforts in creating awareness to expand pension coverage in India through collective efforts and feedback mechanism."

- TBG NETWORK

The Association of NPS Intermediaries (ANI) was officially launched on Saturday at a conference titled 'Securing Tomorrow, With Pension' held at the Insurance Institute of India, Mumbai, Ministry of Finance stated in a release.

On the occasion, the association's logo was also unveiled by the Chairperson of the Pension Fund Regulatory Development Authority (PFRDA), Dr Deepak Mohanty.

This landmark initiative brings together key stakeholders from the National Pension System (NPS) ecosystem to foster collaboration, strengthen subscriber welfare, and promote the continued growth of NPS as a critical retirement planning tool for the citizens of India.

The Secretary, Department of Financial Services (DFS), Ministry of Finance, virtually delivered the keynote address on the occasion.

"DFS Secretary congratulated the newly formed Association of NPS Intermediaries. It was emphasised that, with the changing demographics, rapid urbanisation and changes in family structure, early planning for the pension product by an individual is a necessity. In this regard, he urged advocacy by the newly formed association," the release said.

The association was assured that any feedback from them would be examined with utmost care and urgency, it said.