News Formal

Financial advisers welcome increase in offshore investment allowance

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Malaysia News News

In his budget speech, finance minister Enoch Godongwana said changes to regulation 28 will allow greater offshore exposure 🔒

Financial advisers have welcomed finance minister Enoch Godongwana’s budget speech announcement that pension funds will soon be allowed to invest as much as 45% of their assets outside SA.

Godongwana said on Wednesday that changes to regulation 28 of the Pension Funds Act, due to be published in March, will allow insurance, retirement and savings funds to invest 35% of their assets offshore, up from the previous limit of 30%. If one includes the 10% allocation for investment in other African markets outside SA, that takes the total international investment allocation for local investors to 45%...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LIVE | Finance Minister Enoch Godongwana delivers his maiden budget speech | Fin24Finance Minister Enoch Godongwana will announce how much money the government has received from taxpayers and how it plans to spend it when he delivers his maiden budget address this afternoon.
Source: Fin24 - 🏆 21. / 63 Read more »