<h1>PFRDA amends National Pension System rules to enhance governance, simplify processes, and align with Companies Act 2013.</h1> The Pension Fund Regulatory and Development Authority (PFRDA) has announced amendments to the National Pension System Trust (NPST) and Pension Fund Regulations to improve governance. These changes simplify trustee appointments, meeting protocols, and CEO appointments for the NPS Trust. They align pension fund governance with the Companies Act, 2013, enhance disclosure requirements, and reduce compliance burdens. Key amendments include defining sponsor roles, establishing additional board committees, and requiring pension funds to include their name in official documentation. These adjustments aim to streamline processes and align with the Union Budget 2023-24's focus on reducing compliance costs and facilitating business operations.