n Without Prejudice - Protecting SA's retirement savings : financial law

Volume 11, Issue 10
  • ISSN : 1681-178X



Published in February this year, the most recent amendments to Regulation 28 of the Pension Funds Act (24 of 1956) for the first time amended asset allocation limits governing the retirement industry at both a product and a member level. As such, individual investors are now compelled to comply with investment restrictions previously imposed at only an overall product level and are allowed maximum exposures of 75% to equity, 25% to property and 25% to offshore investments.

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