In the wake of the ongoing pension reforms, the Confederation of Indian Industry (CII) has recommended that there should be no cap on the number of players permitted to participate in the pensions market. Restricting the number of players would impede growth in the pensions market and limit the choice available to consumers, CII said.It has also pointed out that the life insurance players are key players in the development of the pensions market and need to participate in the said market under their present corporate structure. While pension reforms are urgent, it is also imperative to keep in mind the effectiveness of the reform initiatives, according to CII.
