PFRDA notifies amendments to PFRDA (Exits and Withdrawals under the National Pension System) Regulations, 2015

Pension Fund Regulatory and Development Authority (PFRDA) has notified amendments to the PFRDA (Exits and Withdrawals under the National Pension System) Regulations, 2015. The Finance Ministry in a statement today said that the amendments are primarily aimed at the non-government sector. These amendments also rationalize provisions for government sector. The measures will provide subscribers greater flexibility, choice and autonomy in investment decisions and aid managing accumulated pension wealth. The amendments were finalized after extensive stakeholder consultations.