MR
Melvinator R

1 reviews | Active since Sept 2022

18 Sept 2022, 13:11

Discovery preservation rejects my once-off withdrawal for reasons unknown to me.

A discovery invest sales agent approached me after I just resigned and informed me that it's wise to transfer my pension to preservation fund and he further assured me that I can make one withdrawal. We further discussed how much I want to withdraw and he assured me that it will be done. After my pension was transferred to Discovoey preservation fund...then boom! ...They now tell me that I can only withdraw not more than one-third of the total amount.

The most disturbing thing is they convinced me to cancel my option to cash up my Pension because it is what I Initially decided before being approached the by Discovery Preservation Fund sales agent. All I want is for my withdrawal to be approved I cannot withdraw One-third of my amount it's too little for the plans I have made. If I was told that I am only going be limited to one-third withdrawal...I wouldn't have decided to transfer my pension to preservation fund. I would have proceeded with cashing out my pension.

Your urgent remedial action will be highly appreciated. Please sort my problem.

0
Replies (1)
Discovery Invest
Discovery Invest's reply19 Sept 2022, 10:34
Official
Good day Melvin.

Thank you for bringing the above matter to our attention.

For the protection of your personal information, we will contact you privately to further assist with this matter.

Kind regards
Discovery Invest.