IIFL gets nod to sell NPS products

The Pension Fund Regulatory and Development Authority has authorised India Infoline Finance Ltd (IIFL) to sell pension products under the New Pension Scheme (NPS). With this, all IIFL branches can directly distribute pension products under the NPS-Lite to citizens other than government employees. Mr R. Venkataraman, Director, IIFL, said: “Our distribution network, relationship with corporates and a large retail client base will help in distributing these pension products.”