In a transformative move for India’s retirement ecosystem, the Association of NPS Intermediaries (ANI) was officially launched at the Insurance Institute of India, Mumbai, during a conference titled “Securing Tomorrow, With Pension.” The launch marks a significant milestone in the National Pension System (NPS) landscape, bringing together key stakeholders to collaborate on expanding pension coverage, improving subscriber welfare, and strengthening India’s retirement planning framework.
The event, attended by policymakers, industry leaders, financial experts, and representatives from the pension ecosystem, also witnessed the unveiling of the ANI logo by Dr. Deepak Mohanty, Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA).
Significance of ANI in the NPS Ecosystem
The Association of NPS Intermediaries (ANI) is a collective platform representing all stakeholders within the NPS ecosystem. It includes Points of Presence (banks and non-banks), Pension Fund Managers, Annuity Service Providers, Central Record Keeping Agencies, Trustee Banks, Custodians, Aggregators, Retirement Advisors, and other industry participants. The formation of ANI is expected to foster collaboration, create awareness, and promote NPS as a cornerstone of retirement planning for India’s citizens.
For detailed insights into the NPS ecosystem, refer to the PFRDA official reports.
Insights from the Launch Event
Keynote Address by DFS Secretary
The Secretary, Department of Financial Services (DFS), Ministry of Finance, virtually delivered the keynote address, congratulating ANI on its formation. Emphasizing the changing demographic trends, rapid urbanization, and evolving family structures, the Secretary highlighted the necessity of early retirement planning.
PFRDA Chairperson’s Address
Dr. Deepak Mohanty underscored the transformative impact ANI could have on the pension sector. “With assets under management (AUM) exceeding ₹13.8 lakh crore and a subscriber base of 8 crores across NPS and Atal Pension Yojana (APY), the NPS has emerged as a low-cost, tax-efficient, and highly reliable retirement solution,” said Dr. Mohanty. For more details on PFRDA’s initiatives, visit PFRDA’s website.
Industry Leaders Share Perspectives
- Shri Siddhartha Mohanty, Chairperson of LIC of India, emphasized the role of growing pension assets in strengthening India’s financial sector. Learn more about LIC at LIC of India.
- Shri Rama Mohan Rao Amara, MD of State Bank of India, highlighted the importance of financial institutions in driving NPS adoption. Refer to SBI for further details.
- Shri Amitabh Chaudhry, MD & CEO of Axis Bank Ltd., discussed how technology can simplify processes for NPS subscribers. Visit Axis Bank for more information.
- Shri Animesh Mishra, Additional Central Provident Fund Commissioner (EPFO), noted the insufficiency of EPF alone in achieving adequate replacement rates. Learn more about EPFO at EPFO India.
Panel Discussion: Pension Society in Viksit Bharat @2047
The event also featured a panel discussion moderated by Prof. (Dr.) Manoj Anand, Whole-Time Member (Finance), PFRDA. Experts highlighted strategies to build a financially secure society by 2047. Topics included financial literacy, ESG-focused investments, and corporate advocacy for NPS adoption.
The Road Ahead for ANI
ANI aims to serve as a bridge between subscribers, policymakers, and industry players. By promoting collaboration and driving awareness, ANI is poised to transform the retirement landscape in India. For updates on ANI’s initiatives, stay connected with the PFRDA official announcements.
