New Delhi - Pension fund regulator PFRDA has notified fresh Point of Presence (PoP) norms to deepen penetration of old age social security schemes by strengthening distribution channel for products.
POP is the first point of interaction between the subscriber and the National Pension System (NPS) architecture.
The new norms replace March 2015 regulations with regards to PoP.
The Pension Fund Regulatory and Development Authority (Point of Presence) Regulations, 2018, the regulator said aim at encouraging “an independent, strong and effective distribution channel for National Pension System and other schemes”.
The fresh regulations seeks to ensure that market practices of the points of presence towards provision of old age income security are fair, efficient and transparent for the promotion and protection of interest of the subscribers, it added.