Parliamentary Panel on NPS

1) Subscribers to the New Pension System (NPS) should get an assured return on their investments, that is, at least equal to the interest rate given by the Employees' Provident Fund Scheme, so that they were not at any disadvantage via-a-vis other pensioners.
In India, no pension fund management company offers a guaranteed pension product.
2) Suggested imposing a 26 per cent cap on foreign direct investment (FDI) in pension programmes . Currently, FDI is not allowed in pension schemes.

3) Suggested that the government made concerted efforts to extend the coverage of the scheme in both the public and private sector.

4) The committee said that a Pension Advisory Committee be set up under the Bill which would look into the interest of the subscribers.

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