
Levy increases for 2025/26 lower than initially proposed
Moonstone’s levy calculator enables FSPs to find out quickly how much they will pay to the FSCA, FAIS Ombud, and Tribunal.

Moonstone’s levy calculator enables FSPs to find out quickly how much they will pay to the FSCA, FAIS Ombud, and Tribunal.

Although the percentage will remain the same, supervised firms will pay more to the Tribunal because of the FSCA and PA levy increases.

The Authority seeks a 4% increase in levies to fund its operating expenditure, which will rise by 9%.

The OPFA says it needs to take on more staff to handle the significant increase in the number of complaints.

The proposed amendments will also see increases in the Tribunal levy and the FAIS Ombud’s charge per KI/representative.

Advocate John Simpson publishes his Office’s draft budget for public comment.

The Authority expects to reduce its budget deficit by 28%, driven by a 3.3% revenue uplift and planned cost-cutting measures to streamline operations.

The increase is below the 6% CPI-related increase permitted by the Levies Act.

Key achievements include the creation of the National Financial Ombud Scheme and the new FAIS Ombud Rules.

The FSCA will increase the fees it charges for various supervisory activities by 6% from tomorrow, 1 October.

FSPs will have to budget for an additional R32 per key individual or representative in the 2025/26 financial year.

The Pension Funds Adjudicator is looking to implement a 4.7% increase in its levy, raising the cost to retirement funds by 49c per eligible member.

Entities supervised by the FSCA are in for an increase of 6%.