About NPS Trust
NPS Trust was established by PFRDA in accordance with the provisions of the Indian Trusts Act of 1882 for taking care of the assets and funds under the NPS in the best interest of the subscribers.
NPS Trust is the registered owner of all assets under the NPS architecture and pension funds purchase the securities on behalf of the NPS Trust. However, subscribers remain the beneficial owner of the securities, assets and funds under NPS.
National Pension System Trust (NPST) was established by PFRDA as per the provisions of the Indian Trusts Act of 1882 for taking care of the assets and funds under the NPS in the best interest of the subscribers. The powers, functions and duties of NPS Trust are laid down under the PFRDA (National Pension System Trust) Regulations 2015, besides the provisions of the Trust deed dated 27.02.2008.
NPS Trust is the registered owner of all assets under the NPS architecture which is held for the benefit of the subscribers under NPS. The securities are purchased by Pension Funds on behalf of, and in the name of the Trustees, however individual NPS subscriber remain beneficial owner of the securities, assets and funds. NPS Trust, under the NPS Trust regulations, is responsible for monitoring the operational and functional activities of NPS intermediaries’ viz. custodian, Pension Funds, Trustee Bank, Central Recordkeeping Agency, Point of Presence, Aggregators and that of IRDAI registered Annuity Service Providers (empanelled with PFRDA) and also for providing directions/advisory to PF(s) for protecting the interest of subscribers, ensuring compliance through audit by Independent Auditors, and Performance review of Pension Funds etc.
- National Pension System Trust (NPS Trust) was established by PFRDA as per the provisions of the Indian Trusts Act of 1882
- NPS Trust takes care of the assets and funds under the NPS in and is the registered owner of all assets under NPS architecture which is held for the benefit and the best interest of the subscribers.
- The powers and functions of NPS Trust are laid down under the PFRDA (National Pension System Trust) Regulations, 2015 and subsequent amendment thereof, besides the provisions of the Trust deed dated 27.02.2008
- The securities are purchased by Pension Funds on behalf of NPS Trust and in the name of Trustees, however individual NPS subscribers remain the beneficial owner of the securities, assets and funds.
- NPS Trust, under the NPS Trust regulations, is responsible for monitoring the operational and functional activities of NPS intermediaries, viz. Custodian, Pension Funds, Trustee Bank, Central Recordkeeping Agency, Point of Presence, Aggregators and the IRDAI registered Annuity Service Providers (empanelled with PFRDA)
- NPS Trust is responsible for providing directions/advisory to Pension Funds for protecting the interest of subscribers, ensuring compliance through audit by Independent Auditors, and Performance review of Pension Funds etc.
