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
Disclaimer: Fin24 cannot be held liable for any investment
decisions made based on the advice given by independent financial
service providers.
Under the ECT Act and to the fullest extent
possible under the applicable law, Fin24 disclaims all responsibility or
liability for any damages whatsoever resulting from the use of this
site in any manner.
* Do you have a pressing financial question? Post it on
our Money Clinic section and we will get an expert to answer your query.
Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.