South Africa’s Finance Minister, Enoch Godongwana, surprised the entire savings industry with the announcement that retirement funds could increase their offshore allocation to 45%. Previously, Regulation 28 set this at a maximum of 30% with an additional 10% allowed in Africa. African exposure was very limited, so the change effectively means an opportunity for most investors to increase their direct offshore exposure from 30% to 45%… to view the full article, please click here.
The Offshore Opportunity for Retirement Funds
