Marketing and advice charges are payable on Sanlam Tax-free Investments bought on a BlueStar website due to the commission and investment advice fees payable to the principal of the BlueStar business. The commission and investment advice fees can be renegotiated at any time by contacting the Sanlam Life Client Care Centre on 0860 SANLAM (0860 726 526) or life@sanlam.co.za.
A Sanlam Tax-free Investment bought on a BlueStar website will be included in the regular reviews of your comprehensive financial plan. For this the principal of the BlueStar business will receive a commission of 2.5% of any recurring payment and 1% of any one-off payment. An initial marketing charge will be deducted from each payment based on this commission, and is currently 2.85% for recurring payments and 1.14% for one-off payments.
For plans bought on BlueStar websites where you selected your own fund, you will also get ongoing investment advice and services, including performance feedback. For this the principal of the BlueStar business will receive 0.57%, including VAT if applicable, of the fund value per year. A fund-based fee will be deducted from the plan based on this investment advice fee for as long as there is an investment advice agreement with any adviser in the BlueStar business.