To summarize, experience has shown that while 401(k) plans offer workers unprecedented flexibility in managing their pensions, some workers do not seem to be using them effectively - they contribute too little, make questionable investment choices, or fail to participate at all. In response, some employers have expressed increased interest in employer-provided financial education.
21. The NBFC – Account Aggregator framework of 2016, NBFC -Peer to Peer lending guidelines of 2017 and recent Digital Lending Guidelines are examples of adaptive regulation intended to address emerging risks. 22. P2P regulations were introduced in the early stages allowing India to avoid failures witnessed in other jurisdiction, while at the same time enabling an innovative mode of credit intermediation.