The Pension Fund Regulatory and Development Authority (PFRDA) has introduced Retirement Income Schemes (RIS) and new drawdown options under the National Pension System (NPS) to enhance cashflow predictability during the retirement phase and corpus longevity of an NPS subscriber.
The RIS will be a new lifecycle scheme, offering an annual glide path, that will reduce a subscriber’s equity exposure from 35% at age 60 to a floor of 10% at age 75, holding constant thereafter until age 85.
