Prescription for retirement savings — what's to worry about?

07 July 2019 - 00:05 By CHARLENE STEENKAMP

South Africans are in a froth about the ANC's idea to force financial institutions in retirement funds to invest a portion of their assets into socially productive investments for the social good of the country.

Industry experts agree that introducing regulations on so-called "prescribed assets" will have many negative consequences not only for the country, but especially for retirement fund members who could be left poorer from possible lower-than-market returns...

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