The Pension Fund Regulatory and Development Authority (PFRDA) has notified the Retirement Adviser (RA) (Amendment) Regulations, 2023.

Banking & Finance

The Pension Fund Regulatory and Development Authority (PFRDA) has notified the Retirement Adviser (RA) (Amendment) Regulations, 2023 on 20 February 2024. The amendments to Retirement Adviser Regulations simplify the provisions related to eligibility criteria, timelines to expedite the process of registration and removal of the requirement of submission of security deposits with an objective of Ease of Doing Business. Also now applications have to be disposed within 30 days and there is no need for security deposit, according to the Pension Regulatory and Development Authority (PFRDA). These simplifications are in line with the Union Budget 2023-24 announcement to review regulations to reduce the cost of compliance and enhance the Ease of Doing Business.


      Pension Fund Regulatory and Development Authority is the regulatory body for overall supervision and regulation of pensions in India.

     

     

 

     


Pension Fund Regulatory and Development Authority (PFRDA)

Founded- August 2003
HQ- New Delhi, India
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