One of South Africa’s biggest independent financial advisers AlphaWealth has entered the UK Financial Planning market by acquiring a majority stake in UK Chartered Financial Planner Holborn Financial and plans to acquire more firms.

Multi-national, South African-owned financial provider Old Mutual Limited (OML) has suspended its chief executive Peter Moyo.

New research has revealed that nine out of ten workers are “financially sleepwalking” into retirement.

The Financial Planning Standards Board (FPSB), owner of the global Certified Financial Planner certification outside the US, has named South African Gerhardt Meyer CFP, as chairperson-elect of its board.