In the South African context, there is limited research on retirement saving. The current proposed method for retirement saving is to invest in a pension, provident or retirement annuity fund. These funds are regulated investment vehicles which have specific rules governed by Regulation 28 of the Pension Funds Act (No. 24 of 1956). Regulation 28 imposes limitations on the investments of such funds, that is, it limits investment in more risky assets and asset classes, with the aim to protect individuals’ earnings and ensure that their savings are invested in a properly diversified portfolio. A non-Regulation 28 product will not have any of these limitations imbedded in it. The goal of this research is to determine whether or not the current proposals to invest in Regulation 28 retirement funds are indeed the best option.

中文翻译：

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使用全权投资和第28条进行退休储蓄的比较

在南非，关于退休储蓄的研究很少。当前提议的退休储蓄方法是投资于养老金，公积金或退休年金基金。这些基金是受监管的投资工具，其具体规则受《养老基金法》（1956年第24号）第28条的约束。第28条对此类基金的投资施加了限制，即，它限制了对风险较高的资产和资产类别的投资，目的是保护个人的收入并确保其储蓄投资于适当分散的投资组合。非第28条规定的产品不会包含任何这些限制。这项研究的目的是确定当前投资于第28条规定的退休基金的建议是否确实是最佳选择。