Disgruntled ex-Sanlammer’s claim of unfair treatment prompted extensive denial by financial services group

Loading player...
Biznews has covered the story of financial advisor David Melville who found himself on the wrong side of Sanlam bureaucracy. The life insurer was also in the spotlight for a practice of backdating new life policies - even though it wouldn’t pay out for a death if that occurred before the official starting date of a life insurance policy. This has prompted ex-Sanlam employee, Alfred Perry to contact us; he said he came up against a brick wall when Sanlam lowered his pensionable age from 65 to 60 when he had to retire because of a medical condition. Sanlam came back with a quick response saying it cares greatly for the company’s retired advisers, the rules in terms of retirement are clear and Perry can lodge a formal complaint. - Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices
19 Feb 2020 1AM English South Africa Investing · Business News

Other recent episodes

Boardroom Talk: RIP RW Johnson - leaving a huge hole in your nation's heart

In today's Boardroom Talk, Alec Hogg confirms the death of RW Johnson, one of South African political writing's sharpest and most combustible voices, and reflects on a decade of working with him: the audiobook that started it, the necrotising fasciitis he refused to let slow him down, the Steenhuisen column…
22 Jul 5AM 19 min

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min