TM
Taetjo M

1 reviews | Active since Feb 2013

29 Sept 2016, 16:36

Pension Fund Payout Frustrations!

<p>I am currently an extremely frustrated customer of Alexander Forbes Financial services. I resigned from my previous employer in July 2016 and my last working day was the 24th of August 2016. On the 16th August 2016, I received an sms from Alexander Forbes informing me that they have received my claim. The sms also stated that my payout will be made 6 weeks after the receipt of all my claim forms and last contribution. Betweeen the 1st and the 26th of September, I called Alexander Formes numerous times asking about my claim. The answer has 1st been that the last contribution from my previous employer will be received between the 7 and the 20th of September. On the 20th of September when I called, after several attempts, they told me that they have received my last contribution and they will allocate it and that they will keep me updated by sms on the progress. I haven't received any sms and I have been caling them. To this day, after calling the,m almost daily, some operators say that they are still awating my last contribution and one told me today (29/09/2016) that they have received my last contribution from my previous employer and they are still WAITING to allocate it. More than a month after my last working day at my previous employer, the funds haven't been allocated yet. I wonder how much interest they have gained in that period while I anxiously wait. This is a pathetic service and it needs the correct review. I see that I'm not the only one to complain about this. I need my money urgently. Can someone please advice me on what to do in this respect? This has been incredibly frustrating!</p>

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Replies (3)
Alexander Forbes Financial Services
Alexander Forbes Financial Services's reply30 Sept 2016, 06:36
Official

Dear TMakutu,

Thank you for taking the time to advise us of the delays in your claim.

I hereby acknowledge receipt of your complaint and apologise for the inconvenience caused.

Please note that I will investigate into your query and provide feedback with the contact details provided.

Kind Regards,

Kusha Naidoo

TM
Taetjo M's update03 Oct 2016, 16:42
Reviewer Update

This is incredibly frustrating though. Does anyone understand this? Whenever you call, they can only have an answer for you in 24 - 48 hours. I have proof that my previous employer submitted everything to Alexander Forbes on the 19th of August and have given them instructions to pay me out. To date, I haven't receved an sms saying when Alexander Forbes is going to make a payment. I have called them and a very friendly lady by the name of Mpho did give me some satisfactory answers. I am however very, very unhappy that I have to wait for another 4 - 6 weeks starting from a date I do not know yet, it will possibly be another 24 - 48 hours after the day I call them. Even if it is in December maybe?

TM
Taetjo M's update08 Oct 2016, 07:06
Reviewer Update

Thank you for the help Ms Mo***eng.