PFRDA Forms SAARG Committee to Modernize NPS Investment Framework

• PFRDA has established the SAARG committee to review and update the National Pension System (NPS) investment framework.
• The committee aims to strengthen NPS investment structure for long-term wealth creation, diversification, and risk management.
• Key areas of review include strategic asset allocation, expansion of asset classes, performance measurement, and risk management.
• SAARG will also focus on subscriber interests, reviewing investment choices like lifecycle funds and active/passive strategies.
• Chaired by Narayan Ramachandran, the committee comprises experts and has nine months to submit recommendations.

Why It Matters: PFRDA's SAARG committee will modernize NPS investments, enhancing subscriber benefits and risk management.