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Sanlam Reviews

1.4 Rating 83 Reviews
10 %
of reviewers recommend Sanlam

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Avoid! All nice and well until you ask for a transfer on your own money into your own bank account. Always been told money would be available if needed. Truth is, it it not. They just work for themselves and the so called financial advisors who work for them and of course cannot do anything to get your money back in time. Keep away from them...
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Posted 3 years ago
Cannot get hold of them on phone. Waited 25 mins this time 20 mins last time in the end gave up!!!? Coronavirus will be the excuse but I don’t have trouble with anyone else, very disappointed with service. No experienced team member seemed to be working !!!?
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Posted 4 years ago
Sanlam - and as previously Merchant Wealth - failed to invest my inheritance correctly and failed to give appropriate advice on pensions. Instead seeking funds and schemes which profit the company rather than acting in the best interests of the indivdual despite the separate fee paid for this advice. This has been detected by the Regulator (FCA) and investigations undertaken - however, even with these, they still fail to recompense individuals fairly and reasonably for their known failures. I continue to battle within this faceless and (my opinion) uncaring company but quite simply - my advice if you are considering investing your life savings (or in my case - inheritance)... don't. Just don't. Think about alternative companies, review Financial Service Ombudsman complaints and Financial Conduct Authority sanctions. Of course - you may be lucky, but who wants luck when they are investing everything they have. My battle continues - yours does not need to begin!
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Posted 7 years ago
Sanlam is rated 1.4 based on 83 reviews