Are you worried about interference in your retirement savings? You should be
If trustees could not act in the best interests of fund members, then the introduction of prescribed assets could do more harm than good
A lot has been said recently about prescribed assets in SA. It is important for all of us to appreciate that retirement funds are custodians of retirement benefits of millions of South Africans.
The term “prescribed assets” refers to a government policy that requires investors, like retirement funds, to hold a certain amount of investments in government-specified assets, such as government or state-owned companies’ bonds.