CB
Carlos B

1 reviews | Active since Dec 2021

30 Jun 2025, 12:39

Beware Outrageous Retirement Annuity Fees!!

I have been medically boarded in March 2025 at the early age of 55 years, leaving me to provide possibly another 30 to 40 years for myself and my wife on a small pension, some savings and my PPS / Sanlam Retirement Annuity. I realised with horror that even though I have been contributing R2700 per month for 30 odd years, PPS / Sanlam has been deducting in excess of R2100 each month for "Marketing and Administration" fees! How is it even allowed? To my mind this is daylight *******. My emails are just ignored.

0
Replies (2)
Sanlam
Sanlam's reply30 Jun 2025, 12:49
Official
Good day Carlos

Thank you for contacting us about this.
 
We have requested the responsible department to look into the matter and contact you. 
 
Regards
Sanlam Client Care 
Sanlam
Sanlam's reply30 Jun 2025, 15:26
Official
Hello Carlos

We have received notification that Sanlam Life has been in touch with you. 

Regards
Sanlam Client Care