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MF News PFRDA urges SEBI to encourage intermediaries becoming retirement advisers

PFRDA urges SEBI to encourage intermediaries becoming retirement advisers

The pension fund regulator aims to extend its distribution footprint.
Rosevina Gonsalves May 18, 2017

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.

Kirtan Shah · 1 year ago
It's Certified Financial* Planner* (CFP)
g KALIVARADAN · 1 year ago
ALREADY have recommended NPS and subscribed 15 tax payer last year Have not been authorised to do direct. And also found no examination has been conducted by NISM till datae. Suggest with the available ARN intermediaries can be accommodated.
DEBRAJ SENGUPTA · 1 year ago
To popularise NPS intermediaries like IFAs should be encouraged either with some remuneration or been allowed to charge reaspnable Fees to clients. If that eco-system is created then IFA/RIA/CFPs will be more inclined to do NPS aggressively
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