PFRDA Forms Expert Panel to Revamp NPS Investment Framework

• PFRDA has established a high-level committee of investment experts, SAARG, to review and strengthen the National Pension System (NPS) investment framework.
• The committee, chaired by Narayan Ramachandran, includes prominent figures from capital markets, asset management, and regulation.
• SAARG will assess existing NPS investment guidelines, benchmark them against global practices, and recommend reforms for both government and non-government sectors.
• Key areas of review include strategic asset allocation, introduction of new asset classes, performance benchmarking, asset-liability management, and valuation norms for alternative investments.
• The panel will also integrate sustainability considerations, enhance subscriber choice, and review governance issues, with a nine-month deadline for recommendations.

Why It Matters: PFRDA has formed an expert committee to modernize the NPS investment framework, focusing on long-term wealth creation and risk governance.