TN
Thulani N

1 reviews | Active since Dec 2020

17 Dec 2020, 10:37

FEDGROUP ATE HALF MY INVESTMENT

My late mother left a beneficiary fund for me. The money was left with the so-called fed group investment. I am only able to get the money to my account when I am turning 18. I took some time out to look at the previous statements over the years only to find out the Beneficiary Fund from Fedgroup went from R22,000 in 2008 to now be just over R10,000. How do you lose so much money over half of what was left for me is gone. The statement just shows outrageous management fees. Money is supposed to grow and not to disappear like that. I am not the only one my uncle has also lost his retirement fund to this company in one year it went from R78000 to R66000. How do you explain that please I need your help?

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Replies (1)
Fedgroup
Fedgroup's reply21 Dec 2020, 13:38
Official
Hi Thulani, we're sorry to hear about your frustrations! Please send us your ID number, contact number, and full name and surname, and one of our consultants will contact you to resolve the matter.