ABSA investing - False advertising and poor communication
The ABSA Core Retirement annuity offerred by ABSA investments is grossly false advertising. They claim a 0.56 TER incl vat however no such portfolio exists with ABSA. The fund fact sheet states that the annuity investment and weighting is based on years to retirement. However a ABSA agent mails me back and states that you may not invest in this portfolio and you may only select the single fund. Why then advertise a product which you cannot deliver on. This is nothing short of false advertising to the public.
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Replies (1)Absa's replyOfficial
07 Feb 2019, 19:56Hi Mohamed,
Thank you for your posting. I am Basani Hlungwane and I will be facilitating your case. Your reference number to your complaint is ***. I will update you on the matter by no later than end of day Monday, 11 February 2019.
Thank you.
Thank you for your posting. I am Basani Hlungwane and I will be facilitating your case. Your reference number to your complaint is ***. I will update you on the matter by no later than end of day Monday, 11 February 2019.
Thank you.
Absa's reply07 Feb 2019, 19:56
Official
Hi Mohamed,
Thank you for your posting. I am Basani Hlungwane and I will be facilitating your case. Your reference number to your complaint is ***. I will update you on the matter by no later than end of day Monday, 11 February 2019.
Thank you.
Thank you for your posting. I am Basani Hlungwane and I will be facilitating your case. Your reference number to your complaint is ***. I will update you on the matter by no later than end of day Monday, 11 February 2019.
Thank you.
