New Delhi, Sept. 14 -- In the British political satire Yes Minister, Sir Humphrey often derailed reforms by creating "interdepartmental committees"-mechanisms to foster 'creative inertia' and 'plausible denial.' The newly formed Forum for Regulatory Coordination and Development of Pension Products has the potential to prove him wrong and drive meaningful change.

India's pension landscape is governed by multiple regulators. Corporate pensions are overseen by the Employees' Provident Fund Organisation (EPFO), while government and voluntary schemes fall under the Pension Fund Regulatory and Development Authority (PFRDA). EPFO's offerings include the Provident Fund, Employees' Pension Scheme, and Employees Deposit Linked Insurance Scheme, wh...