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Regulation 28 query

Nov 20 2012 16:34
A Fin24 user writes:

Why will they not allow flexibility on Regulation 28 on younger investors?

Danelle Esterhuizen, legal specialist, senior market advice & support at Sanlam, responds:

This is a very valid question.

I am sure more people would prefer freedom of choice to the maximum level within their retirement money, but unfortunately we need to comply with regulations.

Thus all investors are only allowed to put a maximum of 75% in shares in retirement funds, irrespective of their investment horizon.

- Fin24

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investing  |  retirement  |  money clinic

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