PvdM
Pieter van der Merwe

1 reviews | Active since Feb 2018

15 Feb 2018, 11:48

Liberty turning retirement into a nightmare !

I have spend endless days on calls to Liberty Life requesting why my retirement annuity has not paid out yet. This is after they have confirmed that all tax clearances, account verification, personal details etc etc have been confirmed and verified. Every day payment is promised, yet no transfer of my money into my account has taken place. About a week ago Liberty confirmed a system glitch preventing the transfer! On a daily basis this is escalated and is now sitting with IT. Even my Financial Adviser was told that they are not sure what the problem is. Commitment to keep me updated is never kept and I need to follow up daily. Yesterday I again requested that the issue would be escalated and someone senior needs to explain what is wrong with their system. A commitment was made that someone from Liberty will contact me today before 10h00. Needles to say, just another commitment not kept. One cant help but wonder how many millions of rand, not only on retirement funds, but overall, is "rolled" this way for week after week, and who is accruing the interest on other people's money?

0
Replies (1)
Liberty Group South Africa
Liberty Group South Africa's reply19 Feb 2018, 08:31
Official

Dear Mr Van Der Merwe

We apologise for the frustration that you have been experiencing and I have forwarded your complaint to the relevant manager for urgent investigation and response.

We will respond to you shortly with feedback.

Please contact me in the interim should the need arise.

Regards

Naome Ncube

Liberty Group Customer Relations

***