The decks have been cleared for India’s National Pension System (NPS) to return to its earlier avatar of a state-of-the-art pension system with a design architecture (how costs and benefits are placed in a product and how it is engineered to prevent mis-selling) that is possibly the best in the world. The owner and regulator of the NPS, the Pension Fund Regulatory and Development Authority (PFRDA), is now a statutory entity and top-level changes in the body augur well for the road map to roll-out as planned.