{"id":"f-e550251d2f-48f0a7f1-be55-58f4-9aee-977f282c2d58","title":"Tired of 'market risk' in retirement? NPS may soon offer assured payouts","description":"PFRDA forms a 15-member expert committee led by Dr M S Sahoo to draft assured payout regulations for NPS, aiming to boost retirement income security and strengthen India’s pension ecosystem.","timestamp":1768307466,"category":"business","headline":"Tired of 'market risk' in retirement? NPS may soon offer assured payouts","modifiedHeadline":"NPS May Offer Fixed Retirement Income Soon","subCategories":["scid_032b0a66"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"416","fcSummary":"PFRDA formed a panel to frame rules for assured payouts under NPS, enhancing retirement income security. Chaired by M S Sahoo, the 15-member committee will create structured pension options, addressing transition, market models, and regulations for assured payout products.","summary":"Worried about retirement savings? NPS may offer assured payouts soon! A new expert panel aims to secure your future income.","ctaUrl":"https://trends.glance.com/newz/Personal_Finance/IN/en/cnbc-tv18/f-e550251d2f-48f0a7f1-be55-58f4-9aee-977f282c2d58","sourceUrl":"https://www.cnbctv18.com/personal-finance/tired-of-market-risk-in-retirement-nps-may-soon-offer-assured-payouts-ws-l-19820140.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/FjTAGW2TG_j0.webp","content":"The Pension Fund Regulatory and Development Authority (PFRDA) has constituted a high-level expert committee to develop a regulatory framework for assured payouts under the National Pension System (NPS), marking a key step towards strengthening retirement income security for subscribers.\n\n
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\n The committee has been tasked with drafting guidelines and regulations in line with the provisions of the PFRDA Act, with a focus on creating structured and reliable pension payout options. The move is aimed at improving certainty in post-retirement income while retaining the market-linked character of the NPS.\n
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\n The panel will be chaired by M S Sahoo, founder of Dr Sahoo Regulatory Chambers and former chairperson of the Insolvency and Bankruptcy Board of India (IBBI). It comprises 15 members drawn from legal, actuarial, finance, insurance, capital markets and academic backgrounds. The committee has also been authorised to seek inputs from external experts and intermediaries as part of its deliberations.\n\n
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\n According to PFRDA, the committee will function as a standing advisory body on structured pension payouts. Its mandate includes designing regulations for assured payout products, including options discussed in the regulator’s consultation paper issued on September 30, 2025.\n
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\n The panel will also examine mechanisms to ensure a smooth transition for subscribers from the accumulation phase to the payout phase, and assess market-based models that can provide legally enforceable assurances through novation and settlement structures.\n\n
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Also read: New single Pension Form 6-A is online now: How to apply for it?\n
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\n Other areas under review include operational aspects such as lock-in periods, withdrawal limits, pricing frameworks and fee structures for service providers. The committee will also look into capital adequacy and solvency requirements, tax treatment of assured payouts that remain within the NPS framework, and disclosure norms to safeguard subscribers against mis-selling.\n
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\n PFRDA said the initiative is aligned with the broader objective of strengthening India’s pension ecosystem and supporting long-term financial security for retirees.\n","readDurationInMinutes":"3","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["PFRDA forms panel for assured NPS payouts, aiming to boost retirement security.","M S Sahoo leads 15-member group to craft regulations for reliable pension options.","Focus on smooth transition, market models, & protecting against mis-selling."],"tags":["NPS","NationalPensionSystem","PFRDA","PensionFundRegulatory","AssuredPayouts","RetirementIncome","PensionSecurity","MSSahoo","DrMSSahoo","InsolvencyAndBankruptcyBoard","IBBI","PensionRegulations","IndiaPension","RetirementPlanning","PensionReform"],"consent":true,"redirectionEnabled":false}

Tired of 'market risk' in retirement? NPS may soon offer assured payouts

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