mumbai pension fund regulator pfrda is set to launch an online facility for opening of accounts under the national pension system nps to net in prospective customers we are set to launch the online onboarding facility for the prospective customers of pension schemes under the nps pfrda chairman hemant contractor told reporters on the sidelines of an insurance summit organised by the industry lobby cii here this evening we have also urged the government to offer taxbreaks to pension schemes falling on the lines of other financial products like mutual funds and insurance to popularise pension products in the unorganised sector he said the pension funds regulatory and development authority pfrda has sought clarification from the government if the pension products being run by various fund houses and life insurers can be regulated by it we have asked the government to clarify whether we can regulate the pension business being run by mutual fund houses and life insurers because the pfrda act empowers us to regulate all kinds of pension business contractor said on the pension business being managed by the employees provident fund organisation epfo he said it is up to the government to decide that who will be regulating it commenting on the progress of nps he said the nps corpus has already crossed rs 94000 crore so far which includes rs 7000 crore from the atal pension yojana he further said weve already opened 680000 accounts under the atal pension scheme during the past couple of months and we are looking at taking it to 2 crore by december out of these 680000 accounts 65 per cent subscribers come from urban areas and the rest from the rural areas the three stateowned fund managers who are managing the atal pension scheme funds are uti sbi and lic pension fund the regulator is getting ready to appoint new fund managers for the nps which has seven active fund managers now and also reviewing fund management charges contractor also said the regulator is planning to increase the tenure of nps fund managers to five years from the present three we dont mind paying a higher commission to incentivise fund managers and distributors so as to expand the nps reach we are reviewing a proposal in this regard and we will be issuing a request for proposal to appoint new fund managers within a month he said