AM
Amanda M

1 reviews | Active since Mar 2009

02 Feb 2024, 08:01

Again No funds from Momentum investo living annuity

Once again, Momentum living annuity Investo, has not made payment.

On my dads profile, it states payment to be made on the 1st. Usually reflects on the 2nd early morning.

I have not received any communication. I am did not contact the customer care this time as they waste time. It took them 2 weeks to decide to release the money after everything was done. Is this going to be an every month issue.

Who is going to be liable for the bank fees for dishonored debits and reconnection fees this month again should there be any incurred. As the funds seem to be delayed for what reason is unbeknown.

Apologising for the fees incurred is not good enough as it seems to be happening every month which means my dad incurs extra expenses which is not his fault but rather due to funds not being timeously deposited.

Worst of it all is that he is a pensioner, and I have mentioned this in my previous complaint. He relies on the money being in on time to pay for stuff.

Please, could someone release the funds timeously every month

0
Replies (4)
Momentum (SA)
Momentum (SA)'s reply02 Feb 2024, 08:25
Official
Dear Ms. Man,

I would like to thank you for bringing this matter to our attention.  It is unfortunate that you have not had a favourable service experience and would like to apologise for that.  The matter has been escalated to the Momentum Wealth Escalations team for investigation and they will be in contact  with you shortly to assist further.

Regards,

ND
Momentum (SA)
Momentum (SA)'s reply02 Feb 2024, 08:41
Official
Dear Ms Man,

Further to my previous posting. There was some confusion as you provided a Momentum Wealth policy as the reference, and not an Investo policy number. I see that you father does have an Investo policy. I will investigate further and provide you with feedback.

Regards,

ND
AM
Amanda M's update02 Feb 2024, 11:26
Reviewer Update
Hi apologies, i have sent you the correct policy number privately. No one has contacted me as of yet Is there any feedback as of yet?
Momentum (SA)
Momentum (SA)'s reply02 Feb 2024, 11:29
Official
Dear Ms. Man,

I have not received any feedback as yet. The matter was referred to the Investo Escalations team.

Regards,

ND