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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 | 3 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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In 2017 , Lion of Africa existed the unit trust operations to concentrate on assurance business, it operated 2 unit trusts LoA Equity Fund and loA Real Return Fund.DYNDYN |
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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. |