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
18 Feb 2020 10PM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min