The Pension Fund Regulatory and Development Authority has shortlisted Crisil Fund Services as institutional adviser in framing guidelines for the pension sector.
“Crisil Fund Services would advice us on the technical aspects and provide assistance in framing regulations and rules...We have sent them the letter,” an official with PFRDA told PTI.
Besides Crisil, KPMG and PwC were among the other firms in the race to help PFRDA in coming out with the guidelines.
Crisil Fund Services is a provider of fund evaluation services and risk solutions to the mutual fund industry.
Last month, THE PFRDA HAD invited request for proposal (RFP) from entities with experience in the pension sector.
The time frame for completion of providing technical inputs is three months from the date of start of engagement by the PFRDA.
The guidelines are expected to be framed after the PFRDA Bill is passed by Parliament. The PFRDA bill is expected to be presented in the Winter Session of Parliament.
Currently, PFRDA is an interim regulator in pension sector.
After the bill is passed, it will get statutory powers to regulate the sector.