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Petronella M

1 reviews | Active since Jun 2019

06 Apr 2023, 16:45

Sanlam Life - Investments (Withdrawal)

I am a sister of a Policy holder who is currently 12 year old. Last year August/September I took for him a tax free investment for rainy days and paid a lump sum, I signed the forms from Sanlam and they noted me as a Natural Guardian. I am the person who is taking care of my brother as they parents whereabouts are unknown. I submitted to Sanlam all the info they requested from me in order to open the account. On the 16th of March I made a request for Sanlam to make a withdrawal. Now Sanlam is telling me that I am not a natural/legal guardian yet 6 months ago i was told I am a natural guardian and they did not have an issue when i deposited this money. Now that I want to withdraw the funds it is now a problem. I am now being told because our surnames are different, I may not be the sister yet 6 months ago I was a natural guardian. This is happening in less than a year from the date I invested this money. They asked me get an affidavit and I did exactly but today all those documentation from inception are invalid. Sanlam is clearly ripping people off to benefit them, the marketing being done is not a true reflexion of what happens in the actual fact when people want their money. For many years I have been a good client of Sanlam iwith all my investments, life policies, company pension funds, funeral cover and after this I am done.

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Replies (2)
Sanlam
Sanlam's reply11 Apr 2023, 08:31
Official
Good day Petronella

We are sorry to hear of your dissatisfaction with our service.  Your complaint has been escalated to the relevant team to assist you.

Regards
Sanlam Client Care
Sanlam
Sanlam's reply12 Apr 2023, 11:40
Official
Good day Petronella

We have received confirmation that you have been contacted and assisted.

Regards
Sanlam Client Care