“Sanlam Life & Pension’s customers will benefit from the financial strength of Chesnara as well as the same high standards of customer service” says Ken Hogg, CEO of Chesnara UK.
Existing customers will be able to continue adding further funds to their policies and invest their regular premiums, although SLP will no longer be accepting new customers. Advisers have until 27 May 2022 to complete any existing applications.
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The value of investments and any income from them can fall and you may get back less than you invested.