NEW DELHI | JUNE 30, 2026 – The Pension Fund Regulatory and Development Authority (PFRDA) and the Institute of Actuaries of India (IAI) today executed a landmark Memorandum of Understanding (MoU) aimed at deepening institutional collaboration in actuarial research, pension policy formulation, technical knowledge exchange and professional capacity building.

The MoU was formally signed and exchanged during the inaugural session of the two-day Joint Conference on Pensions (JCP) 2026 at the India International Centre, New Delhi. Organized around the central theme, “Sustainable Pension Systems – A Socio-Economic Imperative to Viksit Bharat,” the high-level forum has brought together senior government dignitaries, regulators, international experts, actuaries and economists to chart the future of retirement income security and pension expansion in India.

Under this strategic alliance, PFRDA and IAI will pool their respective expertise to drive research-backed policymaking, cultivate technical proficiency and spearhead product innovation. The partnership is uniquely positioned to design sustainable, long-term retirement solutions that align with India’s shifting macroeconomic and demographic landscape.

Addressing the assembly as the Chief Guest, Dr. V. Anantha Nageswaran, Chief Economic Advisor, Government of India, emphasized that building resilient pension structures today is imperative to shield a future aging population. He underscored that moving forward, the industry must solve for steady, predictable post-retirement income streams alongside asset accumulation. Dr. Nageswaran further highlighted that achieving universal pension coverage, especially within the vast informal sector, requires absolute product simplicity, robust digital delivery and the preservation of long-term public trust.

Delivering the keynote address, Shri S. Ramann, Chairperson, PFRDA, observed that while the National Pension System (NPS) has successfully established a formidable framework for retirement savings, the subsequent challenge rests on optimizing the decumulation phase. He noted that the PFRDA-IAI collaboration will foster research-led, flexible and easily understood financial instruments designed around consumer realities, ultimately encouraging consistent long-term financial security over short-term market speculation.

Ms. Preeti Chandrashekhar, President, Institute of Actuaries of India, stated that escalating life expectancies demand that retirement security be elevated to a paramount national priority. She emphasized that collaboration between regulators, actuaries, economists and technologists will help create personalized products and solutions to help enhance society’s ability to manage longevity and uncertainty challenges with confidence.

Highlighting the global perspective, Ms. Ayako Inagaki, Senior Sector Director, Asian Development Bank (ADB), remarked on India’s unparalleled potential to scale pension inclusion by leveraging its world-class digital public infrastructure. She called for deep multi-stakeholder coalitions bridging governments, tech innovators and civil society, reiterating the ADB’s continued commitment to anchoring India’s journey through technical expertise and knowledge sharing.

The inaugural day concluded with intensive technical sessions examining goal-based decumulation frameworks, longevity risks and the newly launched Retirement Income Scheme under the NPS. A dedicated panel on “Linking the Missing Middle” explored scalable, affordable and digitally-driven social security models explicitly targeted at India’s burgeoning platform and informal workforces.

The Joint Conference on Pensions 2026 will proceed tomorrow with sessions dedicated to analyzing innovation in products, distribution and technology, using AI and data analytics, for new-age retirement income solutions, Investment practices and asset mix for pension investments with long-term horizon, Global pension trends, risk-mitigation frameworks and structural policy innovations designed to fortify India’s comprehensive retirement security roadmap to establish a fully pensioned society for Viksit Bharat 2047.

“The student support scheme and extension to next of kin is our way to giving back to the society and ensure well deserving and underprivileged get access to quality education, thereby bettering their lives. The extension is a small gesture to take care of the young aspiring actuaries who come from families who have dedicated their life to the country”, says Sunil Sharma, President, Institute of Actuaries of India”.

The Actuaries Day is celebrated in fond memory of Late. Shri LS Vaidyanathan, India’s first actuary who laid the early foundation of Actuarial science practice in the country..

Additionally, the institute has pledged adoption of 621 trees in Sundarbans under “Trees for Tigers” project in association with a NGO involved in this cause. The number of trees adopted equals the number of Fellow and associate members of IAI as well the headcount if IAI take into consideration.

The Institute also launched Actuarial Job Portal (AJP) – a platform with great features to connect employers and actuarial resources. This portal aims at making hiring a seamless and hard paced for hiring managers seeking to absorb actuarial talent in their organisation.

The event concluded with felicitation of senior actuaries who have attained the age of 75 years.

About Institute of Actuaries of India (IAI) IAI is a statutory body established under The Actuaries Act 2006 (35 of 2006) for regulation of profession of Actuaries in India. The provisions of the said Act have come into force from 10thday of November 2006, in terms of the notification dated 8th November 2006, issued by the Government of India in the Ministry of Finance, Department of Economic Affairs. As a consequence of this, the erstwhile Actuarial Society of India was dissolved and all the Assets and Liabilities of the Actuarial Society of India were transferred to, and vested in, the Institute of Actuaries of India constituted under Section 3 of the Actuaries Act, 2006. The erstwhile Actuarial Society of India (ASI) was established in September 1944. Since 1979 the ASI has been a Full Member of International Actuarial Association (an umbrella organizations to all actuarial bodies across the world) and is actively involved in its affairs. In 1982, the ASI was registered under Registration of Literary, Scientific and Charitable Societies Act XXI of 1860 and also under Bombay Public Charitable Trust Act, 1950. In 1989, the ASI started examinations up to Associate level, and in 1991, started conducting Fellowship level examination leading to professional qualification of an actuary, till then the accreditation was based on Institute of Actuaries, London examinations (now Institute and Faculty of Actuaries).