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| Where I Am? | Viewer ==> Offshore investing: Retirement Funds and Members | |||||||||||||
Sasfin Asset Managers |
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| Sasfin Asset Managers | Q1 of 2024 | 2 years ago |
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.
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Met Collective Investments in it s heydays administered almost a quarter of all SA registered third party funds before it s consolidation with Momentum Investments after merger of Metropolitan and Momentum in 2017.DYNMvunonala Investments in 2017 was embroid in a scandal that involve the dissappearing of huge monies in Bophelo Beneficiary Fund. It never recover from that scandal. |
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| Disclaimer |
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| Please note that unit trusts investmets are generally classified as long-term investment products not suitable for trading and speculation. |