Tag: assets under management

NPS subscribers can soon avail multiple annuity plans from the same Annuity Service Provider (ASP) at the time of exit from the National Pension System (NPS), Deepak Mohanty, Chairman, PFRDA has said.The necessary system-level functionality (software) to facilitate the implementation of this change is being built by the Central Record Keeping Agency (CRAs) and would be ready by October end, Mohanty said.Initially, the pension regulator has decided to allow NPS subscribers to avail a dual option —two types of annuity plans from the same ASP. Hitherto, NPS subscribers were...