What organization forbade intermediaries from conducting annuities business?
Pension Fund Regulatory and Development Authority .
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When NPS subscribers retire or leave the NPS, the pension regulator PFRDA forbids Annuity Service Providers (ASPs) from using any agency or intermediary to source their annuities business. According to the official sources, ASPs may only issue annuities under the National Pension System (NPS) through direct channels.
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