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Pfrda ppt

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PFRDA was established by the Government of India in 2003 to promote old age income security and regulate pension funds. It aims to protect subscribers' interests and intensify financial education efforts. PFRDA regulates the New Pension System, which allows subscribers to make optimal decisions for retirement through systematic savings from employment. PFRDA registers intermediaries like record keepers and pension funds, monitors their performance, and safeguards subscribers' interests by regulating investment of contributions.

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Pension Fund Regulatory Development Authority (PFRDA) simi cheriyan MACFAST
WHAT IS PENSION & PFRDA Pension is a form of Social Security/ Insurance in the form of Monthly payments paid to the citizens on attaining the age of retirement to take care of day to day living expenses . PFRDA was established by the Government of India to promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds
Pfrda ppt
• PFRDA was established by Government of India on 23rd August, 2003. • The Government has mandated PFRDA to act as a regulator for the pension sector in India. • PFRDA also intends to intensify its effort towards financial education and awareness as a part of its strategy to protect the interest of the subscribers.
• The New Pension System reflects Government’s effort to find sustainable solutions to the problem of providing adequate retirement income. • The NPS has been designed to enable the subscriber to make optimum decisions regarding his/her future and provide for his/her old-age through systemic savings from the day he/she starts his/her employment.
• PFRDA’s efforts are an important milestone in the development of a sustainable and efficient voluntary defined contribution based pension system in India.
What is the role of PFRDA in NPS? • PFRDA, the regulator for the NPS, is responsible for registration of various intermediaries in the system such as Central Record Keeping Agency (CRA), Pension Funds, Custodians, NPS Trustee Bank, etc. • PFRDA shall also monitor the performance of the various intermediaries and has a significant role to play in safeguarding the interest of subscribers. • It will regulate the manner in which subscriber contributions are invested by PF(s) and will make all efforts to ensure fair play for subscribers.
PFRDA Chairman Yogesh Aggarwal
Pfrda ppt

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Pfrda ppt

  • 1. Pension Fund Regulatory Development Authority (PFRDA) simi cheriyan MACFAST
  • 2. WHAT IS PENSION & PFRDA Pension is a form of Social Security/ Insurance in the form of Monthly payments paid to the citizens on attaining the age of retirement to take care of day to day living expenses . PFRDA was established by the Government of India to promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds
  • 4. • PFRDA was established by Government of India on 23rd August, 2003. • The Government has mandated PFRDA to act as a regulator for the pension sector in India. • PFRDA also intends to intensify its effort towards financial education and awareness as a part of its strategy to protect the interest of the subscribers.
  • 5. • The New Pension System reflects Government’s effort to find sustainable solutions to the problem of providing adequate retirement income. • The NPS has been designed to enable the subscriber to make optimum decisions regarding his/her future and provide for his/her old-age through systemic savings from the day he/she starts his/her employment.
  • 6. • PFRDA’s efforts are an important milestone in the development of a sustainable and efficient voluntary defined contribution based pension system in India.
  • 7. What is the role of PFRDA in NPS? • PFRDA, the regulator for the NPS, is responsible for registration of various intermediaries in the system such as Central Record Keeping Agency (CRA), Pension Funds, Custodians, NPS Trustee Bank, etc. • PFRDA shall also monitor the performance of the various intermediaries and has a significant role to play in safeguarding the interest of subscribers. • It will regulate the manner in which subscriber contributions are invested by PF(s) and will make all efforts to ensure fair play for subscribers.