Amendments are certain to benefit you, says Asisa
The Association for Savings & Investment SA (Asisa) has welcomed the release of the second draft of amendments to Regulation 28 of the Pension Funds Act.
The latest draft regulations for the appropriate investment of retirement fund savings are, at first glance, a set of “nicely tied together principles and rules”, Leon Campher, the chief executive of Asisa, says.
Campher says the draft amendments to Regulation 28 are the product of a very open and consultative process followed by the National Treasury and the Financial Services Board.
He says Asisa will need some time to study the second draft. “Once we have worked through the second draft and have discussed it with the Asisa Working Group appointed to deal with Regulation 28, we will be able to comment in detail.
“Asisa actively engaged with both on the amendments to Regulation 28 and we are confident that the final outcome will be to the benefit of consumers,” Campher says.