Ombudsman orders Sanlam to pay out for advice given 30 years ago

Two complainants 'wrongly sold'

Hannah Godfrey
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Sanlam Life & Pensions has been ordered to compensate two clients for financial advice it gave three decades ago on four long-term savings plans
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Sanlam Life & Pensions has been ordered to compensate two clients for financial advice it gave three decades ago on four long-term savings plans

Sanlam Life & Pensions has been ordered to compensate two clients for financial advice it gave three decades ago on four long-term savings plans.

The complainants told the Financial Ombudsman Service (FOS) they were each wrongly sold two unsuitable savings plans, which included life cover, that needed to be retained for several decades to deliver...

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