Old Mutual’s new-business growth masks mixed trends
Large corporate risk sales boosted the headline figures, while Wealth Management recorded higher living annuity and endowment sales and guaranteed annuity sales declined.
Industry News
Underground banking becomes ‘money laundering as a service’
The FATF warns that professional networks are combining informal value transfers with regulated financial platforms and new technologies to move illicit funds across borders.
Sound judgement needed as retirement industry enters a new normal
New IRFA chairperson Nancy Andrews says the industry must look beyond immediate developments and focus on responsible stewardship, sound governance, and long-term outcomes for members.
Santam’s Lloyd’s bet faces R550m loss as revenue lags costs
Santam’s new Lloyd’s syndicate is expected to post a loss of up to R550m in 2026, even as group earnings and international premium growth remain strong.
Discovery Bank turns the corner as the group’s business changes
Discovery Bank has reached profitability, while Vitality, Invest, and Insure are making larger contributions as the group gradually broadens its earnings base.
This is what finally prompts South Africans to make a will
Sanlam’s survey finds that major family events are powerful catalysts for will-making, while financial advisers are also well placed to prompt clients to act.
UPDATED | FSCA details basis for debarments of Africa Bitcoin officers
The regulator says its investigation into September 2022 share transactions found contraventions of the Financial Markets Act.
Living annuity inflows hit R104.5bn as assets top R900bn in 2025
ASISA’s member statistics show substantial market growth, while the average drawdown rate remained broadly stable at 6.6%.
Behind the rewards, a much bigger Vitality business
What began as a programme rewarding healthier behaviour now spans insurance, healthcare, technology and more than 50 million members worldwide.
How scammers turn your trust against you
Social engineering is driving digital banking losses as criminals use convincing impersonation, urgency, and technology to manipulate customers into giving them access to their money.
The file that can make winding up an estate easier
A ‘When I’m gone file’ does not replace a will, but it can help loved ones and executors find the information needed to administer an estate.
Forex jurisdiction: what the Constitutional Court settled – and what it did not
The judgment distinguishes jurisdiction over a foreign company from jurisdiction over its offshore conduct, while leaving the Competition Act’s broader reach for another case.
SCOPA blames RAF’s litigation failures for billions in legal costs
The committee says delays in investigating and settling claims, combined with a chaotic approach to litigation, have driven much of the Fund’s escalating legal bill.
Why did one law firm get 90% of RAF Corporate Panel work?
An arrangement intended to cost R10m for 10 months ran for years, absorbed R26.6m in seven months, and included claims work outside its scope.
RAF’s 25% contingency-fee cap under scrutiny
SCOPA says linking attorneys’ success fees to claim values may create incentives to inflate claims, while billions in legal costs flow through a small group of firms.
A poor credit score and insurance hopping could push up your premium
An impaired credit record and frequent switching may combine to make affordable short-term insurance more difficult to obtain.
Old Mutual earnings set to fall despite operating growth
Life APE sales and gross flows rose 21%, while results from operations are expected to increase, but investment returns have put pressure on profitability.
