PM
Peter M

1 reviews | Active since May 2023

07 Feb 2026, 16:56

Fund's missing

Dear Sir/Madam,

I am writing to formally lodge a complaint regarding the payout of my funds processed through Alexander Forbes.

According to my records, the total amount due to me was R25,000. However, I only received approximately half of this amount into my account. The remaining balance, approximately R12,000, has disappeared from my profile without any explanation, breakdown, or communication from Alexander Forbes.

What is extremely concerning is that this issue does not appear to affect me alone. Other employees that I worked with received their full payouts without any shortfall, while my funds (and possibly others) are incomplete. To date, no one from Alexander Forbes has provided a clear reason for this discrepancy.

There was:

- No prior notification of deductions - No explanation on my statement or profile - No communication regarding where the missing funds went

This lack of transparency makes me feel that I am being unfairly treated and, quite frankly, ****** of money that rightfully belongs to me.

I request the following as a matter of urgency:

1. A full written breakdown of how my R25,000 payout was calculated 2. A clear explanation of where the missing ±R12,000 went 3. Immediate correction and payment of any outstanding funds owed to me

If this matter is not resolved promptly, I will have no choice but to escalate the issue to higher management and relevant regulatory bodies.

I trust that Alexander Forbes will take this complaint seriously and respond with urgency.

Yours faithfully, Petro Mashamaite

0
Replies (2)
Alexander Forbes Financial Services
Alexander Forbes Financial Services's reply09 Feb 2026, 08:22
Official
Dear Peter

At Alexforbes, our clients are important to us, and I am sorry to learn that you are dissatisfied with our service. Thank you for taking the time to bring this to our attention.

We hereby acknowledge receipt of your complaint. We will investigate the matter and provide feedback using the contact details you have provided. 

Regards 

Alexforbes Customer Experience

PM
Peter M's update09 Feb 2026, 18:11
Reviewer Update
Dear Alexforbes Customer Experience Team, Thank you for your response and for acknowledging receipt of my complaint. However, I must ask: did it really have to take so many years for Alexforbes to acknowledge the importance of processing the remaining portion of my funds as per the original agreement? I have been patient for almost four (4) years, during which I received no clear updates or communication regarding the outstanding balance. This situation raises serious concerns and reflects negatively, not only on my personal experience, but also on what Alexforbes represents to the public and its clients. The delay has caused significant frustration and financial uncer*****y, which could have been avoided with proper communication and timely action. I am therefore kindly but firmly requesting that the outstanding funds be investigated and processed as a matter of urgency. I trust that this matter will now be resolved without any further unnecessary delays. I look forward to your prompt feedback and resolution. Regards,
Petro Mashamaite