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rayvrooyen R

1 reviews | Active since Jan 2017

29 Oct 2019, 09:59

Liberty Life High Management fees

Liberty Life Retirement annuities charge exorbitant management fees. My monthly management fee is 36% of my premium. This is in addition to the monthly contribution charge of 4.5% of the premium. So total fees is over 40% of the premium. Recommended cancel all Liberty Life products.

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Replies (1)
Liberty Group South Africa
Liberty Group South Africa's reply01 Nov 2019, 10:11
Official
 
Dear Mr Van Rooyen 

Thank you for your posting. 
 
I would like to sincerely apologize for the frustration that you are experiencing. 
 
Your complaint has been escalated to the relevant management for urgent investigation and resolution. 
 
We will shortly respond with feedback. 
 
Please feel free to contact me should you require any information. 
 
Kind regards 

Lerato Rikhotso
Group Customer Relations
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