The National Pension System (NPS) Trust and the Financial Planning Standards Board (FPSB), India have come together to collaborate on conducting outreach programmes on financial awareness and retirement planning.
FPSB and NPS Trust entered into a Memorandum of Understanding (MoU) on May 29, 2025 to bring this collaboration into effect. They will jointly undertake campaigns, webinars, and capacity-building training for enhancing financial literacy among individuals, employers, and intermediaries.
NPS is a contributory government pension scheme for Indian citizens and NPS Trust is part of the NPS infrastructure. NPS Trust works under the Pension Fund Regulatory and Development Authority (PFRDA). Its purpose is to safeguard subscribers’ money, which is invested into different securities by the pension fund managers. It is responsible for monitoring pension funds and ensuring compliance. It also addresses subscribers’ grievances.
Its collaboration with FPSB, a financial planning body that is known for its certified financial planner (CFP) certification, is expected to strengthen financial education among employees and other stakeholders. The collaboration aims to improve financial understanding among the masses, particularly about retirement planning and personal finance. However, the partnership will also work to enhance personal finance knowledge among government bodies, private enterprises, and other institutions.
The key initiatives planned in this partnership are:
§ Running awareness campaigns about NPS, Atal Pension Yojana (APY), NPS Vatsalya, and other investment schemes regulated by PFRDA, through digital modes, seminars, and workshops
§ Collaborating for research and developing high-quality content on personal finance.
§ It also includes targeted outreach to government bodies, private sector enterprises, and individuals around retirement planning.
The collaboration is not limited at just enhancing financial knowledge, but will also focus on developing confidence among individuals so that people understand financial planning and are able to make informed decisions, and work towards creating a secure financial future for them.
Krishan Mishra, CEO, FPSB India, said, “We believe that financial education is not just a life skill—it is a life changer. This MoU with NPS Trust is a powerful opportunity to integrate retirement planning as a central theme of personal finance education and reach diverse segments of society with credible, action-oriented guidance.”
