AN
Albie N

1 reviews | Active since Apr 2019

20 Apr 2019, 10:02

Not paying beneficiaries on a policy.

We stepmom passed away last year and left 40% of her money to my dad as per the beneficiary list given to Allan Gary. They didn’t pay the money to my dad. Please be careful with investing money with them. We have to take them to court at a huge cost to obtain these funds as they have already paid this to the other beneficiary. No help or assistance from them regarding this.

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Replies (1)
Allan Gray
Allan Gray's reply23 Apr 2019, 18:21
Official
Dear albie@2326pine  Please accept our sincere apology for the frustration experienced during this difficult time. We are fully committed to ensuring that the proceeds of the investment are distributed to the rightful claimant(s) as soon as possible.  The nature of this case is complex due to competing claims over the death benefit. We have been actively engaging with the attorneys of all parties involved, as well as the executor of your late father’s estate, in order to resolve this matter. The matter has now been taken to court, as no resolution was agreed upon by all the parties to this claim. As such, we have been consistently communicating with the parties’ attorneys.  As the claim in this matter has been laid by the executor of your late father’s estate, it is possible to obtain an update on the progress of the case by contacting the executor directly.  We would like to reassure you that the concerns of all nominated beneficiaries are of the utmost importance and we will continue to communicate with the parties’ attorneys throughout this legal process.   Yours sincerely 

 Lara Pretorius | Client Relationship Manager