Retirement advisers are advisers entrusted to advise clients on NPS, help them come on board, and assist them with other services under NPS.
They have to work in a fiduciary capacity and be registered with the Pension Fund Regulatory and Development Authority (PFRDA).
retirement advisers need to do a risk profiling of the customers and collect and maintain records of details such as age, marital status, number of dependents, etc. They will have to analyze the current financial situation, help clients identify the goals, and recommend asset allocation. They should also help their clients make decisions about contributions, and selection of pension funds in NPS by analyzing different funds. They need to provide a comparison of the returns of different funds of all the pension fund managers.