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

DA’s Double-Duty Man

South Africa doesn't hear enough from politicians who do the unglamorous work of fixing the state. Jan de Villiers is one of them. The DA MP and chair of Parliament's Portfolio Committee on Public Service and Administration just drove through a landmark law that tightens the firewall between party politics…
17 Apr 8AM 38 min

Elon Musk vs BEE: The explosive debate that could change South Africa forever

From Elon Musk’s Pretoria beginnings to global dominance, this conversation dives into power, policy, and South Africa’s economic crossroads. Solidarity’s Dirk Hermann unpacks the growing backlash against BEE, arguing it stifles jobs, fuels elite enrichment, and deters investment. With pressure mounting from markets, citizens, and international players, is reform inevitable?…
17 Apr 7AM 41 min

South Africa’s wildlife heartland under siege from illegal mining syndicates

Heavily armed illegal mining syndicates are no longer just a problem for abandoned shafts and remote communities. In this interview, De Wet du Toit of the Blyde River Task Force tells BizNews how zama-zama operations linked to foreign criminal networks are threatening South Africa’s water systems, tourism economy and wildlife…
16 Apr 7AM 22 min