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RAs and asset allocation

Apr 09 2013 15:57
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

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retirement  |  money clinic  |  ras
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