The pension fund regulator has been on an on-going mission to popularise National Pension System (NPS) and wants to build a strong distribution network. In fact, PFRDA has requested SEBI to encourage their intermediaries to become retirement advisers.
BS Bhandari, Whole Time Member, PFRDA said, “We have requested regulatory bodies like SEBI to encourage market intermediaries to take up retirement advisory. Also, such professionals will not have to take up the said NISM exam that is required to be eligible to become a retirement advisor.”
PFRDA has also requested the Financial Planning Standards Board (FPSB) to encourage Certified Finance Professionals (CFP) to add retirement advisory to their gamut of offerings.
In addition, the pension fund regulator has requested NISM to aware aspirants about retirement advisors.
Although this distribution channel was introduced in June 2016, there are only 12 retirement advisors (RAs) across the country.