RAF remains liable for medical expenses paid by schemes, SCA rules
The Court found that two later directives were issued as part of a ‘contrived stratagem’ to circumvent a binding judgment.
Industry News
Strong markets lift retirement outcomes, but nine in 10 remain below target
Alexforbes’ latest Member Insights analysis shows better retirement incomes, although contributions declined slightly and most members are still far from the 75% benchmark.
FSCA investigates transactions in Africa Bitcoin securities
The inquiry will consider whether trades executed during April and May 2026 contravened the Financial Markets Act.
Two-pot system ‘softens the damage’ of annual withdrawals
Even after fully depleting the savings component each year, a hypothetical member fares better in Alexforbes’ model than under its previous-system scenario.
SAIA calls for minimum insurance for heavy vehicles
The proposal targets trucks, buses, and vehicles carrying dangerous goods, where crashes can cause substantial damage to infrastructure and the environment.
Fake FSCA lawyer among latest batch of investment warnings
The regulator’s notices cover a purported refund operation, the misuse of legitimate FSPs’ details, and unauthorised forex, crypto-asset, and copy-trading offers.
Regulation 28: What the fact sheet tells you and what it leaves unanswered
Asset-allocation percentages provide a starting point, but assessing issuer concentrations and overlapping holdings requires more detailed evidence than a fund fact sheet can provide.
AI use surges among financial planners, but governance remains uneven
The FPSB’s second global study finds growing use in client service and research, alongside reported efficiency gains and concerns about privacy and reliability.
When the client moves offshore, the insurance doesn’t have to
Cross-border clients can create complex insurance challenges – from foreign-currency liabilities and estate duty to tax residency, beneficiaries, and offshore compliance.
Complaints against medical schemes rise by 24.6%
The CMS’s 2025/26 annual report also highlights progress on a costed primary healthcare benefits package and research into linking administrator fees to outcomes.
The South African client is becoming increasingly global
International mobility and digital assets are adding new layers of complexity to how advisers approach residence, wealth structuring, and succession planning.
New AI tool helps untangle rules for moving money abroad
The Institute for International Tax and Finance says Clara can indicate when SARS approval may be required and which supporting documents users may need.
Car repossession: what the bank must do and what you should check
The process differs depending on whether possession is authorised by a court or the consumer agrees to surrender the vehicle voluntarily.
Hollard refreshes brand positioning around greater certainty
The insurer says its new positioning reflects the need to help customers navigate interconnected risks and make more confident decisions in a changing world.
What happens to your debt when you die
Debt does not die with you – it becomes part of your estate, potentially affecting what your family inherits and how quickly they can access it.
Opt-out rules bring financial services into the compliance net
The NCC’s draft guidelines include financial institutions and insurers, giving businesses five months to prepare for monthly database cleansing and enforcement.
RAF’s balance sheet delivers a brutal reality check
The return to the GRAP accounting standard has put R452.4bn of liabilities back on the books – more than nine times the RAF’s annual income of R48.1bn.
