NK
Nolungisa K

1 reviews | Active since Sept 2025

16 Sept 2025, 07:29

Appalling service from momentum and its financial advisors

If I could give MOMENTUM FUND AT WORK zero star, I would. There is no sense of urgency here . I retired in April. When I follow up on my money with Thuli (financial advisor from momentum)I am being sent from pillar to post . Vuyo sent me forms to sign I asked him who opted for this three pot system when I was above the age of 55 when it was implemented ? Why was I not informed about the pros and cons Nobody colud answer me including Thuli who was a financial advisor offered by momentum to our company. I have called on the 02/09/2025 call reference 226 ST 6G29XL spoke to Maria who said she escalated the issue and I should receive a call back from someone senior. Nobody bothered to return that call .

On the 8th of September I sent an escalation email to *** nobody bothered to respond to that email to redeem themselves.

Momentum funds at work has financial advisors who cannot give financial advice. Who is regulating them because they don't know what they are doing . Why must I fight for my money causing me unnecessary emotional stress at my retirement age. It seems nobody cares about my mental health.

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Replies (3)
Momentum (SA)
Momentum (SA)'s reply16 Sept 2025, 08:22
Official
Dear Nolungisa
Thank you for your message.
I have referred your complaint to the fund managers for further investigatio and assistance.
Kind regards
Mvdm
NK
Nolungisa K's update22 Sept 2025, 15:18
Reviewer Update
No sense of urgency from Momentum to fix their blunders .I am still waiting for my money. This is a nightmare of a company that is causing me unnecessary emotional distress . Why is momentum holding my money hostage ???

I WANT MY MONEY
Momentum (SA)
Momentum (SA)'s reply22 Sept 2025, 15:21
Official
Dear Nolungisa,

Thank you, your feedback has been referred to the relevant business unit.