09
Oct
#NPS #RetirementPlanning #MaxLifePFM #PFRDA #PensionFunds #IndianEconomy #FinancialSecurity #UTIPensionFund #AxisBank #NPSUpdate NEW DELHI—In a significant and carefully managed shift within India's retirement savings landscape, the Pension Fund Regulatory and Development Authority (PFRDA) has confirmed the cancellation of the Certificate of Registration for Max Life Pension Fund Management. This action formalizes the company’s exit from managing funds under the National Pension System (NPS). The cancellation, which was executed by the regulator, follows a voluntary request initiated by Max Life itself. The company submitted a letter on December 31, 2024, signaling its intention to surrender its license. According to Max Life, the decision…