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| Where I Am? | Viewer ==> Offshore investing: Retirement Funds and Members | |||||||||||||
Offshore investing: Retirement Funds and Members |
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| Sasfin Asset Managers | Q1 of 2024 | 1 year 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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Asset manager Marriott Unit Trusts Manco was founded in 1987.In 2021, Prudential Investment Managers name ceased to exit after renaming to its major shareholder M & G Inc , renamed to M & G Investments.As of 2023, the ownership of M&G Investments (prev. Prudential) is as follows:M&G Pls=50.12%; Staff=28.08%; Thesele Group=21.8% . |
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| Disclaimer |
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| All the information presented in this website is generally geared towards educational content , so it does not constitute a personal investment advice. |