Sanlam told to compensate client for 1988 savings plan sale
Bought plans in 1988 and 1989
The client bought plans in 1988 and 1989.
Sanlam Life & UK Pensions has been asked to compensate a client it advised to invest in "extremely inflexible" long-term savings plans more than 30 years ago.
The Financial Ombudsman Service upheld a complaint from Mr C, who bought savings plans with Sanlam in 1988, and again in 1989, while he was in his late 20s. The savings plan was advertised as one that...
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