Should you be worried about prescribed assets and your pension fund

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PERSONAL FINANCE

The debate around prescribed assets grabs headlines from time to time, but when you cut through the hysteria, there is largely a consensus that pension funds could be used to boost infrastructural development in South Africa. It is just about how this would be done.

While the ANC’s manifesto last year spoke of an “investigation of the introduction of prescribed assets”, National Treasury has consistently stated that prescribed assets would not be introduced and retirement funds would not be coerced into investing in failing state-owned enterprises (SOEs).

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