<h1>Retirement schemes cross Rs.16 lakh crore AUM and nine crore subscribers; regulator unveils multiple-scheme framework, platform workers model</h1> The regulator announced that combined assets under management of the national retirement savings scheme and the targeted pension scheme have exceeded Rs.16 lakh crore and subscribers surpass nine crore, triggering regulatory initiatives to broaden coverage and product choice. Key legal/regulatory measures include a Multiple Scheme Framework effective 1 October 2025 to expand investment options, a platform workers model to extend coverage to gig and informal workers, and a consultation paper proposing graded payout structures and flexible annuity options. The regulator also plans targeted outreach to farmers, MSME and self-help group members to enhance inclusion and retirement adequacy.