A Fin24 user writes:
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.
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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.
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