National Pension System: Why no one wants to be a retirement adviser in India
Last Update Date: 06-10-2026
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar pointed out that the scheme's wide range of options and involved rules on withdrawals and annuities take a lot of effort to explain, and that low incentives make it harder still to sell widely.
More of Abhishek's views on retirement
The article examines why new voluntary NPS sign-ups have declined and why very few people hold the PFRDA retirement adviser licence. It points to the move towards the new tax regime, low adviser and agent income compared with other products, and proposals such as charging distribution fees on assets.
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National Pension System: Why no one wants to be a retirement adviser in India