In order to enhance knowledge on NPS, the pension fund regulator PFRDA has roped in IL&FS Skill Development Corporation to train NPS intermediaries like Point of Presence (POPs) and Retirement Advisers (RAs).
In January, PFRDA had invited bids from training institutes for this project.
The institute will be required to conduct face-to-face trainings for 3 to 4 hours. In addition, the institute will be required to provide training material and kit to NPS intermediaries. Intermediaries can undergo this training in English, Hindi and other vernacular languages.
IFAs can distribute NPS by registering themselves with PFRDA as the Retirement Advisers. IFAs have to pass NISM-Series-XVII: Retirement Adviser Certification Examination to become a retirement adviser.
Seven pension fund managers manage over Rs.1.50 lakh crore under NPS as on December 2016.