Regulation 28 of the Pension Funds Act sets prudential investment limits for all retirement annuities and regulated retirement funds in South Africa. During his Budget speech in February 2022, the Minister of Finance announced that Regulation 28 would be amended to allow retirement funds to invest up to 45% of their fund assets in offshore assets. This change came into effect on 23 February 2022.
Regulation 28 of the Pension Funds Act sets prudential investment limits for all retirement annuities and regulated retirement funds in South Africa. During his Budget speech in February 2022, the Minister of Finance announced that Regulation 28 would be amended to allow retirement funds to invest up to 45% of their fund assets in offshore assets. This change came into effect on 23 February 2022.