Regulation 28 is a rule in the Pensions Fund Act that limits the equity, property and offshore exposure of a portfolio. Its intent is to provide broad diversification, which translates to investor protection. However, the equity market has historically been the best-performing asset class over the long-term and young investors want to see their investments grow. Some may therefore see the limits of Regulation 28 to equity exposure as an obstacle for young investors who are decades away from retiring and looking for growth assets that can bring inflation-beating returns.