December 27, 2024
Financial Assets

Financial watchdog warns against any moves towards prescribed assets

(Getty Images/Brian A Jackson) Mandating pension funds to bankroll government projects will compromise market returns and affect retiree’s outcomes, according to a Financial Sector Conduct Authority official.  The ANC has pledged to introduce so-called prescribed assets, and Minister of Trade, Industry, and Competition Parks Tau last month advocated changes to the Pension Funds Act. However,

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