National Current Affairs
PFRDA Constitutes Expert Committee on SAARG for NPS
- 31 Jan 2026
- 2 min read
Why in News?
The Pension Fund Regulatory and Development Authority (PFRDA) has set up an Expert Committee on Strategic Asset Allocation and Risk Governance (SAARG) to review and modernise the investment framework of the National Pension System (NPS).
Key Points:
- Aim: To align NPS fund management with global best practices and strengthen long-term retirement outcomes for subscribers.
- Objective: Strengthening the long-term investment architecture of NPS by improving diversification, enhancing risk management practices and expanding investment choices available to subscribers.
- Composition of the Committee:The SAARG Committee is chaired by Narayan Ramachandran, former Country Head of Morgan Stanley India.
- Experts: It includes experts from asset management, capital markets, regulation, and investment advisory, along with senior PFRDA representation.
- Mandate of the Committee: SAARG has been tasked with undertaking a comprehensive review of existing NPS investment guidelines for both government and non-government sectors.
- The review will include benchmarking India’s pension investment framework with leading global pension systems as well as the evolving domestic investment ecosystem.
- Significance:This initiative is crucial for improving portfolio resilience, return optimisation, and risk mitigation in pension funds.
- It reflects India’s efforts to deepen long-term domestic capital pools and ensure financial security for an ageing population.
| Read More: PFRDA, National Pension System, Morgan Stanley India |
