Here are the changes you need to be aware of.
123RF/INSTINIA
The amendments relate to sections of the act that protect retirement fund member savings from excessive risk.“Retirement funds will continue to be prohibited from investing in crypto assets. The excessive volatility and unregulated nature of crypto assets require a prudent approach, as recent market volatility in such assets demonstrates.”
The asset allocation to housing loans granted to retirement fund members will also be reduced from 95% to 65% with new loans.
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