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Home / Industry News / Page 10

Industry News

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Timur Turlov on chess, investing, and why South Africa matters

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Day 2 Highlights from the FSCA Industry Conference 2026

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Day 1 Highlights from the FSCA Industry Conference 2026

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Sanlam pivots towards partnerships as active management model shifts

The group says the industry is moving towards customised solutions, prompting it to hand active management to Ninety One and focus on alternatives, distribution, and emerging markets.

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Momentum expands group cover access for HIV-positive members

The revised approach extends access to higher levels of death, disability, and income protection cover for qualifying members.

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Santam names head for new India reinsurance business

The GIFT City operation, together with the Lloyd’s syndicate and Avatar acquisition, is part of the group’s move to broaden its risk base and underwriting capabilities.

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State Street and Ninety One partner in active ETF push

The tie-up will begin with global equity and emerging market ETFs and is designed to widen access to active strategies across international markets.

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Discovery Bank enters next phase of ‘super bank’ strategy

The bank says its AI-driven banking and fraud prevention systems have reduced fraud on flagged transactions by 85%.

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Sanlam: clients need advisers’ counsel in a more fragmented world

Global shocks may be getting harder to forecast, and the real task is constructing portfolios that can withstand a wider range of outcomes.

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Naked’s ChatGPT app signals where insurance distribution may be heading

The insurtech says the new app is a step towards a future where AI assistants could help consumers to manage and automate parts of their insurance decisions.

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Old Mutual sees rise in retirement savings preservation under two-pot system

The system appears to be changing member behaviour at exit from employment, even as most eligible members continue to make withdrawals.

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‘At least one’ rate hike likely if inflation worsens

Fuel-price shocks, sticky services inflation, and global pressures are making it harder for the SARB to keep inflation anchored near its new goal, says Sanlam.

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Budget’s retirement threshold changes in effect despite legislative omission

IRFA also sets out how exit withdrawals now work when a member resigns and has already withdrawn from the savings component in the tax year.

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SASRIA grows profits and capital base as it targets R30bn reserves by 2029

The insurer says reinsurance protection has increased significantly, and it has secured full reinsurance for 2026/27 for the first time in three years.

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Adjudicator slams fund over unresolved death-benefit claim

Nearly nine years after the claim was lodged, the fund still could not confirm whether the benefit had been allocated or paid.

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Why AI could change everything we value about work and wealth

A former Google X executive says humanity faces 12 to 15 turbulent years as AI disrupts jobs, economies, and power structures before ushering in an age of abundance.

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South Africa’s new inflation target gets its first big test

The Reserve Bank is not ruling out more rate tightening after successive fuel price jumps have revived inflation risks.

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Retirement industry flags operational risks in dual contribution regime

IRFA says the FSCA is engaging with the Department of Employment and Labour on the issue.

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RAF liability for expenses paid by medical schemes ‘is settled law’ in W. Cape Division

The judgment criticises the Fund’s continued resistance to medical-expense claims already addressed in earlier Western Cape rulings.

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Government floats VAT sharing to shore up municipal revenue

The White Paper describes how municipalities and households are being financially squeezed by escalating input costs – particularly for electricity.

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