PFRDA Reforms NPS: Banks to Manage Funds, Fees to Change for Investors

• PFRDA has approved major reforms for the National Pension System (NPS).
• Banks will now be permitted to establish and operate pension funds.
• Changes are expected in the structure of investment management fees.
• Subscribers may benefit from increased options, improved governance, and reduced costs.

Why It Matters: NPS investors gain more options, better governance, and lower costs with PFRDA reforms.