AdvertisementPFRDA Permits PoPs to Engage CBBOs and Co-operative Societies as Pension AgentsThe Pension Fund Regulatory and Development Authority (PFRDA), through Circular No. PFRDA/2026/41/REG-POP/07 dated 30 July 2026, has permitted Point of Presence (PoPs) to engage additional categories of “other persons” as Pension Agents for distribution of pension schemes under Regulation 2(1)(j)(iv) of the PFRDA (Point of Presence) Regulations, 2018. The circular also permits engagement of Co-operative Societies, Co-operative Unions and Co-operative Federations registered under the Multi-State Co-operative Societies Act, 2002 or Central or State Co-operative Societies Act, subject to enhanced due diligence by the PoP, including assessment of profitability. The circular is to be read with earlier circulars on Pension Agents, while all other existing terms and conditions continue to apply mutatis mutandis. b. Co-operative Societies – PoPs may engage Co-operative Society or Co-operative Union or Co­operative Federation, as Pension Agents, registered with Central or State Registrar under the Multi-State Co-operative Societies Act, 2002 or Central or State Co-operative Societies Act.