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A Fin24 user is querying the asset allocation in her retirement annuity (RA). She writes:
Why can’t I invest the money market portion in retail savings bonds?
Danelle Esterhuizen, legal specialist at Sanlam senior market advice and support, responds:
A living annuity is not a natural person.
Retail savings bonds are specifically meant for individuals and cannot be bought by group schemes, social clubs, companies or any other juristic persons; only natural persons can purchase them.
- Fin24
Do you have a pressing financial question? Post it on our Money Clinic section and we will get an expert to answer your query.
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.
Why can’t I invest the money market portion in retail savings bonds?
Danelle Esterhuizen, legal specialist at Sanlam senior market advice and support, responds:
A living annuity is not a natural person.
Retail savings bonds are specifically meant for individuals and cannot be bought by group schemes, social clubs, companies or any other juristic persons; only natural persons can purchase them.
- Fin24
Do you have a pressing financial question? Post it on our Money Clinic section and we will get an expert to answer your query.
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.
