PFRDA pension distribution channels: New norms notified

The new norms replaces March 2015 regulations with regards to PoP. According to PFRDA, the new regulations aim at encouraging an independent, strong and effective distribution channel for National Pension System and other schemes. The fresh regulations seek to ensure that market practices of the points of presence towards provision of old age income security are fair, efficient and transparent and protect the interest of the subscribers.

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PoPs will perform duties in relation to initial customer/subscriber interaction for pension schemes and addressing queries of potential subscribers regarding pension schemes, among others.