Retirement feature: Is the threat of prescribed assets overblown?

The President announced that the Nedlac partners have agreed to an historic economic compact but the details are still to be released but no doubt infrastructure will be a core pillar. And in April we had calls from the private equity industry to increase prudential limits on asset allocation imposed by Regulation 28 of The Pension Funds Act. Throw in the spectre of prescribed assets and you have a potentially poisonous cocktail for the economy. Done the right way, and it could present a pathway to prosperity out of South Africa’s Covid induced economic depression.
To discuss how this all comes together Michael Avery sat down with Leon Campher, CEO of Asisa, the industry body representing almost R8 trillion in private savings, which has recently come out and said prescribed assets are not a concern for its members.