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n Personal Finance Newsletter - Is your RA still Regulation 28 compliant? : retirement planning

Volume 2016, Issue 421
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Abstract

ALTHOUGH A number of them won't be aware of it, many South Africans investing through retirement annuity (RA) products are currently outside of the limits allowed by Regulation 28 of the Pension Funds Act. This is the regulation that sets limits on what percentage of their assets pension products can allocate to different asset classes. As a result of the significant depreciation in the rand towards the end of last year, the value of the offshore portion of many investors' portfolios would have grown well ahead of their domestic holdings. Regulation 28 sets the limit on international assets in a portfolio to 25%, with an additional 5% allowed for assets from Africa outside of South Africa.

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/content/monpf/2016/421/EJC184212
2016-02-01
2016-12-10

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