National Pension Scheme

National Pension Scheme (NPS) India is a voluntary and long-term investment plan for retirement under the purview of the  Pension Fund Regulatory and Development Authority (PFRDA) and Central Government.
It is open to all employees from the public, private, and unorganized sectors. The scheme encourages people to invest in a pension account at regular intervals during their employment. After retirement, the subscribers can take out a certain percentage of the corpus as a lump sum and utilize the remaining to buy an annuity. The annuity will provide you the monthly pension post your retirement.
NPS is a good scheme for anyone who wants to plan for their retirement early on and have a low-risk appetite. A regular pension in retirement years will be a blessing for those individuals who retire from private-sector jobs.

Who can advise you on NPS?

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.