DB
DANIE B

1 reviews | Active since Nov 2012

01 Mar 2019, 08:54

Sanlam annuity

My retirement annuity from Sanlam is about to pay out. A couple of months ago I received a letter from Sanlam stating in brief the options I have because I want to let this annuity to continue. I was referred to a financial adviser from Bluestar financial services or Glacier. I'm not sure what their name is because I found both names in their correspondence. In the same letter I was warned against removing the annuities from Sanlam itself because they got better options. Bluestar only informed me only in part of an option they have for me. I wasn’t impressed with their services because of the lack of feedback for me to make a proper decision. I'm a total novice when comes to investments and need guidance what to do with the investment. When I ask for a basic percentage growth of the options, I have was send a stack of Investment information that I totally do not understand. In the mean time I phoned Sanlam trying to get someone from them to help me because in the first letter the indicated that they have better options. Only lip service and every time I speak to somebody, they told me they are not allowed to give me information of the options they have, and I must speak to my consultant. I received again a letter informing me against removing the annuities from Sanlam itself and that their options are better. The letter was emailed from Kowie Uys to my financial adviser to me. I then phoned Sanlam asking to speak to this person I was told I'm not allowed to. If I had known this was the bad service I would get when I invested with Sanlam forty years ago, I would have stopped it immediately. I'm at a dead-end here where no one in Sanlam is able or willing to give me advice on investing so that I can have a better future.

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Replies (6)
Sanlam
Sanlam's reply01 Mar 2019, 09:28
Official
Dear Danie 

We acknowledge receipt of your complaint and will arrange for investigation.

Kind regards,
Client Relations

Best regards,

DB
DANIE B's update05 Mar 2019, 14:36
Reviewer Update
Sanlam phoned me a few hours later. Told me that they take people that put reviews on hellopeter seriously. They are very sorry for the inconvenience caused and they agree that I need an adviser that can help me. I will be called within the next 48 hours. What a load of bull. I don't think they still have any financial advisers working there or at least someone who cares about their clients. I'm angry at myself at believing in a company that is really not worth it.
Sanlam
Sanlam's reply05 Mar 2019, 14:59
Official
Dear Danie 

We acknowledge receipt of your post and take note of the content.  The advisor Mrs Ria Welman  was appointed on Friday to make contact with you . She informed us this afternoon that she will still contact you today. 

Kind Regards,
Client Relations

Best regards,

Sanlam
Sanlam's reply05 Mar 2019, 15:45
Official
Dear Danie 

We have been informed that Mrs Welman made contact with you, She confirmed that an appointment was set for tomorrow at 11 .

Kind Regards,
Client Relations

Best regards,

DB
DANIE B's update11 Mar 2019, 08:10
Reviewer Update
Thank you for Ria Welman for financial advice on this annuity. I appreciate her fast and professional service.
Sanlam
Sanlam's reply11 Mar 2019, 10:48
Official
We are satisfied that you were able to get the assistance.  Regards

Best regards,