Workshop on National Pension System (NPS) for Corporates
On 18 Nov, Pension Fund Regulatory and Development Authority (PFRDA) conducted a workshop on National Pension System (NPS) for Corporates in Mumbai. The workshop was organized in association of Maharashtra FICCI. The workshop revealed that overall number of NPS and APY subscribers in the country has crossed 3.12 crores with Asset under Management (AUM) of more than 3.85 lakh crores as on 9th November 2019.
India’s ranking in the ‘Melbourne Mercer Global Pension Index 2019’ report has improved marginally to 32nd position. A total of 6870 corporates has already adopted NPS for its employees and 20 lacs subscribers are enrolled in the non-government sector as on 9th November 2019. The workshop was attended by more than 160 participants from around 90 corporates along with the registered PoPs and Pension Funds .