SN
Siyabonga N

1 reviews | Active since Sept 2019

17 Sept 2019, 09:53

Disappointed with Momentum

I've resigned at work on the 12th of July 2019 to embark on the new project which needed funding. My then employer HR filed a pension fund cash lump sum withrawal to Momentum on the 29th of July 2019, of which they confirmed to have received it. I was told the payout will be in 4 to 6 weeks. Also received a sms from Momentum with a ***/SM on the 16th of August 2019 saying the claim will be completed in 20 days. All those deadlines gone, but still not received any payment due to me. Spoke to a lady either Nabo or Nazo not sure, she said the data was captured as transfer or preserve which is not true according to exit form i filled. Maybe someone can advise what to do, i fed up with this Momentum but things are so bad now i need the funds. I mean it 8 weeks gone now already.

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Replies (3)
Momentum (SA)
Momentum (SA)'s reply17 Sept 2019, 09:59
Official
Thank you for taking the time to inform us of your concerns. It has been referred for the attention of the relevant department. 
 
 Kind regards
 CK 
Momentum (SA)
Momentum (SA)'s reply17 Sept 2019, 11:56
Official
I refer to our telephone conversation and confirm that I have referred this to the Head of the Telkom Fund in order that they may be of assistance.

Kind Regards

SdP
SN
Siyabonga N's update23 Sept 2019, 20:49
Reviewer Update
This was eventually resolved, thanks hellopeter. Also thanks to Momentum for engaging, though i still believe they can better in communication as the lack thereof leads to frustration to their clientelle. Regards.