PK
Paul K

1 reviews | Active since May 2012

26 May 2022, 14:05

Shocking Service - Liberty Life

I have had various policies with Liberty Life for over 25 years now. One of the policies "The Exact Income Fund" should now start paying out a small pension. I app**** in January and also bought a retirement plan from Stanlib. I have had nothing but problems ever since. When I enquired after THREE MONTHS why I am not recieving a monthly draw from the Exact Income Fund I got a lot of excuses and changes where made, money was transferred to the wrong account. FINALLY after a lot of emails and phone calls and out of frustration and dissatisfaction I requested Liberty Life pay me out the full amount so I can invest the money elsewhere. This was THREE WEEKS AGO. When I contact the relevant people I get told the payment has been processed. There is no tax directive needed. In the meantime I am losing interest on this money. I'm TOTALLY DISGUSTED with the way this whole thing has turned out. I'm a pensioner and need every cent possible. I PAY A YEARLY FEE to Liberty Life, they are NOT doing this for FREE. I'm on the verge of withdrawing and moving the rest of my policies elsewhere

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Replies (1)
PK
Paul K's update06 Jun 2022, 09:17
Reviewer Update
I FINALLY recieved a payment on Wednesday 02 June AFTER ALMOST FIVE MONTHS.HOWEVER it was the wrong amount. I immediately emailed the relevant staff to query this.CAN YOU BELIEVE IT. There were roughly SIX DIFFERENT staff members working on this PLUS my broker and STILL they get it wrong. I recieved a call from one of the staff and she admitted the amount was incorrect and was an error on their side.FOUR WORKING DAYS later and I'm STILL WAITING for someone to get back to me and more importantly to PAY me what is due to me. I'm losing interest on MY MONEY. My advise to the public STAY AWAY FROM STANLIB AND LIBERTY LIFE.