Abstract

RUSCONI, Rob. Regulating South Africa's retirement funds: The case for clearer objectives. S. Afr. j. econ. manag. sci. [online]. 2021, vol.24, n.1, pp.1-10. ISSN 2222-3436.  http://dx.doi.org/10.4102/sajems.v24i1.3943.

The rationale for the regulation of participants in financial markets, like retirement funds, is sound. It would be strengthened, however, by a clear statement of the objectives of such regulation. In this article the position is taken that the objectives underpinning the regulation of South African privately-managed retirement funds should be enhanced. It presents this argument with reference to international principles concerning systems of old-age provision, and to the examples of regulations in other jurisdictions. It recommends a set of practical regulatory objectives in the pursuit of efficiency, sustainability, coverage, adequacy and security of provision for old age.

Keywords : retirement funds; financial markets; regulatory objectives; social protection; government policy.

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