Retirement Adviser Certification Examination

 Retirement Adviser : Overview

This Examination seeks to create a common minimum knowledge benchmark for individuals, proprietors, partners and representatives of a retirement adviser registered under PFRDA (Retirement Adviser) Regulations, 2016. The certification aims to enhance the quality of services provided by retirement adviser in the financial services industry.

  • Know the fundamental concepts in Retirement Planning and the various investment products
  • Learn about the Retirement Planning Process
  • Understand the features and benefits of National Pension System.
  • Know the various evaluation tools and fund selection.
  • Understand the strategies useful to investors in executing their retirement plan.
  • Know the implications of specific situations of retirement planning and the ways to manage them.
  • Know about regulatory structure and regulations which govern the activities of the retirement adviser

Retirement Adviser : Fees Details

Name of Examination: NISM-Series-XVII: Retirement Adviser Certification Examination

Fees (Rs.) Test Duration (in minutes) No. of Questions Maximum Marks Pass Marks* (%) Certificate Validity (in years)#
1500+ 120 100 100 60 3

* Negative marking – 25% of the marks assigned to the question.
+ Payment gateway charges extra.
# Passing Certificate will be issued only to those candidates who have furnished/updated their Income Tax Permanent Account Number (PAN) in their registration details.

Chapter – 1 :  Fundamental Concepts in Retirement Planning

  • Need for Retirement Planning
  • Basic financial concepts associated with retirement planning
  • Features of the retirement goal
  • Advantages and importance of starting retirement savings early
  • Risk of Underestimating Retirement Goals
  • Emotional Aspects of Retirement

Chapter – 2 :  Financial Markets and Investment Products

  • Need for Making Investments to Reach Retirement Goals
  • Difference between Savings and Investments
  • Asset Class and Sub-Asset Classes
  • Features of Different Asset Classes
  • Asset Class Returns
  • Common Risks in Investments
  • Matching Investor Needs to Asset Class Features
  • Impact of Macro-Economic Factors on Asset Classes
  • Asset Allocation
  • Financial System and Investment Products

Chapter – 3 : Retirement Planning

  • Evaluate Client’s Current Situation
  • Learn the Process of Setting the Retirement Goal
  • Investing for Accumulation
  • Post-retirement Stage
  • Risks in Distribution Stage
  • Monitor and Update the Retirement Plan
  • Behavioural Bias in Decision Making

Chapter – 4 : Retirement Planning Products: National Pension System

  • National Pension System
  • Working of NPS
  • Subscribing to the NPS
  • Investing in the NPS
  • Tax aspects of subscribing to the NPS

Chapter – 5 Evaluating Fund Performance and Fund Selection

  • Return on Investment
  • Different types of return calculations
  • Measures of risk in an investment
  • Benchmarks
  • Performance Evaluation
  • Matching investor’s retirement needs to product

Chapter – 6 : Other Investment Products

  • Mandatory Retirement Benefit Schemes
  • Voluntary Retirement Products

Chapter – 7 : Retirement Planning Strategies

  • Bridging Shortfall in Retirement Corpus
  • Periodic Investments
  • Retirement Income from Multiple Sources
  • Bucket Strategy
  • Tax Advantages in Different Stages of Retirement
  • Automating Investments

Chapter – 8 : Special Situations in Retirement

  • Debt Obligations in Retirement
  • Documents for Effective Retirement Planning

Chapter – 9 :  Regulations and Regulators

  • Indian Regulatory System
  • Role of Pension Fund Regulatory and Development Authority (PFRDA)
  • Role of Regulators
  • Regulations for Retirement Advisers
  • Ethics beyond Regulations
  • Subscriber Grievance Redressal Mechanism