TT
Thando T

1 reviews | Active since Nov 2024

17 Jan 2025, 13:41

Claim not paying out

Claim submitted in Spetember, last communication she received was on the 25 Nov 24, saying "Dear Mrs Makhunga (***)You are leaving your employer and your membership of the FundsAtWork Umbrella Provident Fund will also end.We've disinvested your assets and will apply for a SARS tax directive. We will keep you informed.Call ***or email ***rds Momentum"

To date, no further communication and no money in the bank. The client had visited momentum offices on the day of receipt of the above SMS, and was assured that there was no outstanding information regarding the claim.

We have run out of airtime multiple times trying to call the company. When i send an enquiry to the email address on the sms, i get the dormain not found responses

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Replies (7)
Momentum (SA)
Momentum (SA)'s reply17 Jan 2025, 13:43
Official
Thank you for your posting.

We have escalated your enquiry to the Funds at Work management team for assistance.

Kind regards
NH
TT
Thando T's update23 Jan 2025, 15:04
Reviewer Update
We will be taking the MATTER to FSCA. Momentum called and said they would call properly Wednesday the 15th Jan. To this day they have not .
Momentum (SA)
Momentum (SA)'s reply24 Jan 2025, 08:59
Official
Thank you for your comment, we have again escalated your feedback to Funds at Work for assistance.

Kind regards
TT
Thando T's update29 Jan 2025, 15:49
Reviewer Update
We have lodged a complaint, with FSCA because momentum cuts the call as soon as the client confirms ID number. Momentum said the funds should be at the client's bank account by the 24th Jan 2025 COB
Momentum (SA)
Momentum (SA)'s reply30 Jan 2025, 07:51
Official
Thank you we have referred your feedback to the Fund manager. 
TT
Thando T's update08 Feb 2025, 07:44
Reviewer Update
Good day Momentum,

Please note that a payment of R2500 has been reveived. Please advise what happens to the rest of the investment
Momentum (SA)
Momentum (SA)'s reply10 Feb 2025, 08:07
Official
Good day Thando,

We are referring your comment to the fund manager for feedback.