We study the spin dynamics of a Heisenberg model at finite temperature in the presence of an external field or a uniaxial anisotropy. For the case of the uniaxial anisotropy our simulations show that the macro moment picture breaks down. An effect which we refer to as a spin-wave instability (SWI) results in a non-dissipative Bloch-Bloembergen type relaxation of the macro moment where the size of the macro moment changes, and can even be made to disappear. This relaxation mechanism is studied in detail by means of atomistic spin dynamics simulations.