Regulation 28 is issued under the Pension Fund Act. It limits the extent to which retirement funds may invest in particular assets or in particular asset classes. The main purpose is to protect the members’ retirement provision from the effects of poorly diversified investment portfolios. This is done by limiting the maximum exposure to more risky asset classes, making sure that no unnecessary risks are taken with retirement money.
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Functionally to evaluate Regulation 28 compliance on existing retirement fund plans is available to fund members on Sanlam’s Secure Services and to intermediaries on SanPort. Click on the Secure Services link under Login on www.sanlam.co.za to register or access Secure Services.