Asher, Mukul creator Vasudevan, Deepa text xu| 2005 continuing ng p.1-14. In developed financial and capital markets all financial intermediaries such as banks, insurance companies, and pension funds are well regulated. India is the first country in Asia to establish an independent regulator for the pensions sector. The regulator is expected to do much to integrate the disparate components of the social security system into a fiscally, financially and economically sustainable multi-tier system. If PFRDA were to bring in international best practices into pension management, it would lead to greater financial innovation. - Reproduced. Social security - India Pensions - India Pensions Margin 180718