PFRDA opens licensing window for pension fund managers

Pension regulator PFRDA has recently opened an on-tap licensing window for awarding licences to sponsors of pension funds.

This is the second year in a row when Pension Fund Regulatory and Development Authority (PFRDA) has opened such a window in a bid to enhance the number of pension fund managers in the country. The window, which opened in mid-April, will be open till May 17, Supratim Bandyopadhyay, Chairman, PFRDA, told.

The PFRDA had last year opened an on tap window from July 1-31 for awarding licences to sponsors of pension funds. After this window closed, some players had approached the body evincing interest to become pension fund managers.