PFRDA to appoint auditors for pension fund managers
To keep a tighter check on investments, the pension regulator has decided to appoint auditors for the pension fund managers (PFMs) and schemes of the National Pension System (NPS). Fund managers will also be expected to make full disclosure of scheme-wise investments on their websites.
“As the NPS gets more subscribers, there is a need to keep a tighter check on investments being made by the fund managers… That is why we have made the reporting and audit norms more stringent,” said a senior PFRDA official.