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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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Prudential Fund Managers was founded in Cape Town in 1994 by Graham Mason, who is its chairman now as of 2023.Around 2020, after embroiled in exceeding maximum pension mandated investments , asset manager JM Busha , did not recover and exited the unit trust industry.The JSE allowed listings and trading of the Actively Managed ETF in 2023. |
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| Disclaimer |
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| Our unit trusts prices captured in and around the end of each month and are rounded off to the nearest full 1 cent. |