JC
John C

1 reviews | Active since Jun 2010

11 Mar 2022, 15:21

Poor responses to enquiries

I have just moved my living annuity from Allan Gray (managed by Investonline) because I had been steadily losing money since 2017. After having read the mainly positive reviews on Hellopeter, I decided to move to 10X. Things seemed to progress quite well until Allan Gray sent an email to me and the 10X take-on department requesting where the signed documents I'd sent to 10X about a week before were. Coincidently, the next day Allan Gray acknowledged receipt of the docs. I wonder if they'd been sitting at 10X take-on for a week? After that all the standard steps seemed to take place and on the 25th February 2022 I enquired when I would receive my monthly drawdown, as I seemed to be in no-mans-land because I had a zero living annuity balance at both Allan Gray and 10X. On my second query about this I was told that payment would be arranged but was not given a date. I enquired again and after a second email was told by the end of this week (today). I highly doubt this will happen. It seems to me if it is a standard procedure it more or less goes OK. If you ask an individual question it just ISN'T answered the first time. I see the founder of 10X has left and it is now owned by Old Mutual from what I can see (please correct me if I'm wrong). I hope this service level isn't an indicator of disinterested big business attitudes starting to take effect.

0
Replies (4)
10x Investments
10x Investments's reply11 Mar 2022, 20:56
Official
Hi John

We apologise for the frustration caused.
We are looking into your query immediately and will respond with feedback asap. 

Kind regards,
The 10X Team 
JC
John C's update14 Mar 2022, 13:08
Reviewer Update
Just a reminder about how this is going. Otherwise I feel another few days will go by without any resolution (two weeks and counting so far).
JC
John C's update14 Mar 2022, 17:11
Reviewer Update
Ok, this has been sorted. I was phoned by Simbulele (I think - I was in a noisy environment when she phoned) and she was friendly and answered all the questions I asked. I'm not changing the rating for this particular review because generally, I think it was not sorted timeously and I didn't receive a clear answer until my LA drawdown was actually paid today.
10x Investments
10x Investments's reply17 Mar 2022, 16:29
Official
Hi John 

Thank you for the feedback.
We are grateful for the opportunity to correct the frustration experienced. 

We are available if you have any further questions. 

Thanks 
The 10X Team