IIFL Fin to be NPS ‘Aggregator'

India Infoline Finance Limited (IIFL Finance) has received the registration from Pension Fund Regulatory and Development Authority (PFRDA) to act as ‘Aggregator' under the National Pension System (NPS). This will enable IIFL Finance to distribute pension products under PFRDA NPS – LITE, primarily targeting marginal investors and promoting small savings among the public investors.

Commenting on the new initiative, Mr R. Venkataraman, Director, IIFL Finance, said: “IIFL's strong distribution network and large retail client base will help in distributing these pension products and provide continuous support services in this growing segment.”