1 reviews | Active since Nov 2017
Sanlams Poor Investment Performance
Sanlams shockingly poor performance on a 5 year Cumulus investment of R400 000 is suspicious. After a fixed 5 year plan, Sanlam paid out R49000. The adviser, Tasha Pullen advised me that this investment would yield far better results than the money market account and, convinced me to leave my money in the investment. A similar amount in my money market account yielded R140 000 over 5 years. Even with the tax deduction, the money market yielded double the amount that Sanlam fund managers could yield. Its difficult to understand how fund managers / financial investors who are paid a commission to manage your investment could perform so below par. When I sought to terminate the investment earlier, after comparing the poor performance with the far better money market yield, Tasha Pullen still advised that it would be a mistake, that the investment is guaranteed to perform better shortly. What is also troubling is that despite 3 requests for a report on the investment performance / commisions paid etc , Sanlam has refused to respond to my written requests and has not supp**** the information. Investment matured on July 16 2019. After many unnecessary delays, apparently due to ineffecient administration , funds were eventually transferred into my bank account, after 5 weeks- without any feedback report from Tasha Pullen who claims that Sanlam is not supplying the relevant information. Sanlam simply ignores my emails. It is not shocking. This kind of blatant disregard for clients once they have used / misused your hard earned funds is to be expected from financial advisers / institutions. If only our investments could grow as rapidly as the infolding image of bankers / fund managers being callous exploitative reptiles working with the controlling 1% elite of the world to take as much for themselves. It is the 4 September ....still no report ! Are they making one up to hide discrepancies ?? I can only caution people not to believe financial advisers who try to convince you that it always better to invest with Sanlam or other financial instituted rather that money market. I lost R100 000 because I listened to the financial adviser.
Please provide us with the id number or relevant policy number to investigate. Provide this information in the designated space of Hello Peter to protect it from public viewing.
Regards
Client Relations
Please provide us with the id number or relevant policy number to investigate. Provide this information in the designated space of Hello Peter to protect it from public viewing.
Regards
Client Relations
The investment number was ***X4
Thank you
The investment number was ***X4
Thank you
Once you provide the policy number in the body then Hello Peter delete it. You must provide it in the designated space when you initially log the complaint.
I will send you an e-mail then you can provide the policy number please.
Regards
Client Relations
Once you provide the policy number in the body then Hello Peter delete it. You must provide it in the designated space when you initially log the complaint.
I will send you an e-mail then you can provide the policy number please.
Regards
Client Relations
Thank you for the policy number you provided by e-mail.
We have escalated the case to the relevant department for urgent attention. Note that you will get the direct contact detail of the consultant. We would encourage you that all future dealings relating to this matter should be handled directly with this consultant for a more expeditious handling of your case.
Regards
Client Relations
Thank you for the policy number you provided by e-mail.
We have escalated the case to the relevant department for urgent attention. Note that you will get the direct contact detail of the consultant. We would encourage you that all future dealings relating to this matter should be handled directly with this consultant for a more expeditious handling of your case.
Regards
Client Relations
We were informed that a consultant will contact you. We will be closing the case on the Hello Peter platform only. Should there be any other issues relating to the matter, we once again encourage you to make direct contact with the relevant consultant.
We value you as a client.
Regards
Client Relations
We were informed that a consultant will contact you. We will be closing the case on the Hello Peter platform only. Should there be any other issues relating to the matter, we once again encourage you to make direct contact with the relevant consultant.
We value you as a client.
Regards
Client Relations
