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ZIYANDA W

1 reviews | Active since May 2014

12 Oct 2023, 14:07

*********** consultants at Sanlam

I would give Sanlam 0 stars but unfortunately that rating doesn't exist and I have to settle for 1-star. I changed jobs in September of last year, and my Provident Fund was transferred to a Sanlam Provident Preservation Fund . Since June 2023, I have been attempting to transfer those funds from the Sanlam Provident Preservation Fund to the Sanlam Umbrella Provident Fund with my current employer. I submitted the S14 transfer and necessary documents and I was told that the receiving fund's administrator needed to authorize the transfer. No one seems to be aware of the procedure if both funds are held by Sanlam.. I've been passed from pillar to post with no apparent resolution. I have spoken with over a dozen consultants regarding this matter, with Rael and Sasekani being the most recent. In July, the issue was once escalated to Yvette Daniels(a "Senior Administrator"), to no avail. I am at my wit's end and am turning to this platform in the hopes that Sanlam will provide a solution. I am contemplating withdrawing and risk incurring a tax penalty of 18%.

0
Replies (2)
Sanlam
Sanlam's reply12 Oct 2023, 14:35
Official
Good day Ziyanda 
 
 We are sorry to hear of your poor client service experience. Please respond to our private message.
 
 Regards
 Sanlam Client Care
Sanlam
Sanlam's reply13 Oct 2023, 12:46
Official
 Good day Ziyanda
  We have received confirmation that Sanlam Corporate has acknowledged your complaint via email. You are welcome to respond to the email for further enquiries.

Regards
Sanlam Client Care