Hi Kavesh,

Maybe ask Sanlam if the penalty falls away after 10 years.

Another option is to stop your monthly premiums to Sanlam and start a new RA with another provider.

I stopped my monthly premiums with an RA about a year ago, I still have the funds in my RA with the provider - just dont make monthly payments to them anymore. This "cancellation" so to say was done by my broker...

NB: I am not a financial advisor...