 "pension, insurance, savings, senior citizen, employment, NPS, PFRDA")
The Pension Fund Regulatory and Development Authority (PFRDA) has raised the ceiling on fund management charges to reel in more companies in the sector and sustain returns in the long run.
It has already floated a request for proposal (RFP) for pension fund managers. All the existing seven companies as well as new ones can apply.
PFRDA Chairman Supratim Bandyopadhyay told Business Standard that there was no cap on the number of fund managers sending in applications.
