Retirement funds will have to invest in upskilling trustees to empower them to navigate the complex world of infrastructure investing opened up by the long-awaited gazetting of the amendments to Regulation 28 of the Pensions Fund Act. The new Regulation 28 investment limits allow retirement funds to invest up to 45% of assets in South African infrastructure projects, effective from the beginning of January 2023.
The right infrastructure projects have the potential to deliver stable, inflation-beating returns over the long term that align well with members’ needs. At the same time, increased investments in infrastructure projects will also be good for South Africa’s economic growth. An important point for trustees to note in the new regulations is the requirement for retirement funds to report on their investments in infrastructure.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investment in water security needed now, says Amnesty on looming crisis in SAWater infrastructure and technology needs urgent investment by the government to ensure the resource is being stored and used efficiently, says Amnesty International SA. ANC Govt Cadres have been investing in Water Projects.....I mean Water Project tenders for decades-BEE Water...mnandi mmmmm
Source: SowetanLIVE - 🏆 13. / 63 Read more »