The National Pension System (NPS) from October 1 has allowed subscribers to allocate up to 100 percent of their portfolio to equities, compared with the earlier ceiling of 75 percent, under a new multiple scheme framework. Announcing the move at NPS Diwas in New Delhi, Finance Minister Nirmala Sitharaman suggested that pension products must also offer inflation-linked benefits to remain fiscally sustainable and meaningful for retirement security.

“Inflation benefits should be there in pension so that pension remains fiscally sustainable,” the minister said, adding that “pension is important for old age.”

Sitharaman was addressing the conference NPS Diwas Conference on ‘Inclusive Pensions, Innovative Solutions: Strengthening Retirement Security in India’ organised by Pension Fund Regulat

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