NPS Investors Rejoice! PFRDA Boosts Options, Caps Fees, Strengthens Governance

• PFRDA approves major reforms for NPS, aiming to boost options, competition, and investor protection.
• Scheduled commercial banks with strong financials can now independently establish pension funds.
• New trustees, including Dinesh Kumar Khara (Chairperson), appointed to NPS Trust Board for enhanced governance.
• Revised Investment Management Fee (IMF) structure effective April 1, 2026, with different rates for government and non-government subscribers.
• Reforms aim for a more competitive, better-governed, and sustainable NPS ecosystem, ensuring secure retirement.

Why It Matters: PFRDA's NPS reforms promise more choices, lower fees, and stronger governance for investors.