Regulation & Supervision Contribution Management- POP, Aggregator, NPS Lite, RA

Overview: Regulation Contribution Management- POP, Aggregator, NPS Lite, RA

The Regulation - Contribution Management - POP-NPS, POP-NPS-Lite, POP-APY, RA department at PFRDA is entrusted with overseeing regulatory activities related to Points of Presence (PoPs) registered under the National Pension System (NPS), NPS-Lite, Atal Pension Yojana (APY) and Retirement Advisers (RAs). This department ensures that all regulatory processes and compliances are complied with by the above intermediaries  and in accordance with the prescribed Regulations, policies, guidelines and directions.

A key function of the department is to evaluate applications and grant registration to eligible entities as PoPs under NPS, NPS-Lite, APY & Retirement Advisers (RAs). It also monitors the ongoing compliance of registered PoPs and Retirement Advisers (RAs) with the applicable regulatory framework. 

Key Functions of the Department

1.    Issuance/renewal/surrender/cancellation of registration of PoPs and RAs.
2.    Ensuring regulatory compliance as prescribed under PFRDA Act, relevant regulations, master circulars, circulars, advisories, directions etc issued for PoPs and RAs.

Overview: Supervision Contribution Management- POP, Aggregator, NPS Lite, RA

The Supervision Contribution Management-II department under the Pension Fund Regulatory and Development Authority (PFRDA) supervises and ensures compliance of Points of Presence (POPs) under (NPS, NPS Lite, APY and RAs) operating in the Non-Government sector. The department enforces adherence to the PFRDA Act, 2013, along with relevant Regulations and Operational Guidelines to maintain efficiency and compliance in the National Pension System (NPS), Atal Pension Yojana (APY), and NPS-Lite.  

Key Functions of the Department 

1. Off-Site Monitoring of POPs & RAs

- Supervises operational activities of Points of Presence (POPs) through various Supervisory compliance reports.  
- Ensures Retirement Advisors (RAs) adhere to the related Regulations, Circulars and guidelines.  

2. On-Site Monitoring & Inspections

Conducts on-site inspections of POPs to assess compliance with operational guidelines.  

3. Grievance Management

Supervises and intervenes wherever required in addressing subscriber and stakeholder grievances related to POPs and RAs.  

4. Issuance of Operational Guidelines & Circulars 

Issues guidelines, advisories, circulars etc for POPs under NPS, NPS-Lite, APY and RAs