RAs and asset allocation | Fin24
 
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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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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.


 

retirement  |  money clinic  |  ras
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