1 reviews | Active since Feb 2017
My retirement fund was made paid-up in 2020 following my retrenchment
My retirement fund was made paid-up in 2020 following my retrenchment. I requested to terminate the plan and withdraw the available funds, but was told this was not possible before retirement age. Unfortunately, I was never clearly informed of this restriction. Had I known, I would have reconsidered. I recently requested to withdraw the available funds from the savings component. It took a week and a half to receive the forms. After completing and returning them, I received no acknowledgement and had to phone to follow up, only to discover that the forms had not yet been reviewed. I am now awaiting payment. To add to my frustration, I received an *** stating that my plan would be made paid-up from August 2026, despite it already being paid-up since 2020. This was not what I requested. Overall, the slow, inconsistent and confusing communication has made this an extremely disappointing experience.
We are sorry to learn of your negative service experience and have arranged for you to be contacted and assisted.
Regards
Sanlam Client Care
We are sorry to learn of your negative service experience and have arranged for you to be contacted and assisted.
Regards
Sanlam Client Care
