New Delhi [India], October 2 (ANI): The National Pension System ( NPS ) has received strong support from industry experts, who said that the reforms introduced by the Pension Fund Regulatory and Development Authority (PFRDA) are progressive and will help expand the reach of retirement savings in India.

On the occasion of NPS Diwas, which coincides with the International Day for Older Persons, the Multiple Scheme Framework (MSF) was formally launched.

Experts highlighted that the new framework gives pension funds the freedom to create their own schemes, thereby offering more flexibility and options for subscribers.

Speaking to ANI, Axis Pension Fund CEO Sumit Shukla described the day as a "big day for NPS " and underlined that the MSF scheme marks a major milestone for the sector.

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