702: The Money Show
Wednesday, 14 August 2024
Interview discussion on the Financial Sector Conduct Authority’s views on the possible reintroduction of the prescribed asset policy in South Africa which may require asset managers to allocate funds to specific asset classes as prescribed by government legislation. The discussion looks at how the prescribed asset policy would work and the potential implications for consumer savings and South Africa’s financial sector. The discussion focuses on the implication on the fiduciary responsibility of trustees to asset management firms, the potential impact on the returns on investment, and the necessity of the prescribed asset policy to resolve market failures and bridging the financing gap for infrastructure investment in South Africa.