LS
Lorraine S

1 reviews | Active since Jun 2019

13 Jun 2019, 08:26

Disgusting service with lots of excuses

I have requested for my retirement annuity to be paid out and have had no joy at all. While the consultants are sending me emails as responses on my emails, nothing else is being done. I am fed with excuses as to why my money cannot be paid out or a hiccup that has occurred and in effect delaying the process. If i do not phone into the call center, i do not get any feedback. While i exclaimed that this is very urgent they have failed to deliver. i have been told that the estimated waiting period is between 7 and 10 working days, and if that has been the case it wouldn't have been a problem, however after waiting the 10 working days, i phone the call center to find out that they need a specimen of my signature. No one called me or emailed me, i had to phone them. Then i am told that i will receive the money within 48 hours, as they have everything that they need. So 48 hours later i phone again, and guess what? another "hiccup" on their side. So i believe that they don't want to pay out my money. They are very friendly when you call them and sound so helpful as if they want to, but back at the ranch they do not give a damn and you are just annoying them so they do nothing...

I still don't have my money and will be taking to the media as promised. This is unacceptable, disgusting service if you can even call it service.

0
Replies (6)
Momentum (SA)
Momentum (SA)'s reply13 Jun 2019, 08:35
Official
Please accept my sincere apologies for the service delay. The matter will be referred to management for urgent assistance.

Kind regards
Natasha


LS
Lorraine S's update13 Jun 2019, 10:01
Reviewer Update
Hi Natasha 

Thank you for your response, but when? 
I needed the money already by yesterday, so how much longer will i have to wait, another 48 hours or another 10 working days followed by another 48 hours and then another 48 hours. I have lost my faith in this company...


Momentum (SA)
Momentum (SA)'s reply13 Jun 2019, 11:55
Official
Dear Ms Schlyer

Once again, please accept my sincere apologies for the delay.

Management has confirmed that the payment has been released and that the funds should be in your bank account.

Kind regards
Natasha

LS
Lorraine S's update13 Jun 2019, 12:32
Reviewer Update
Hi Natasha


Thank you for attending to this, Dominique has phoned me and confirmed that the funds has been release, however according to my knowledge and the information that has been sent to me there is R1500.00 contribution made and only R260.00 paid out? 

Why? i have not only made one payment and certainly would not go to these lengths for R260.00? 

Please can someone look into this asap. Time is running out...


Momentum (SA)
Momentum (SA)'s reply13 Jun 2019, 13:58
Official
Dear Schlyer

I take note of the contents of your enquiry regarding the value that we have paid out.

I will reply to you via email in order to explain how we got to the amount.

Kind regards 
Natasha


LS
Lorraine S's update13 Jun 2019, 14:05
Reviewer Update
So to conclude, after a long fight my money has been paid into my account. Thank you for that, even though the whole amount has been deducted and i am still left with nothing, and this whole fight was in vain, i feel that the public should know, Momentum is not the right place to leave your money in a retirement fund. They are sly and shady. They do not disclose information relevant to you and take forever to action requests. 

Please make sure that you read all your policy documents and keep copies of it. Momentum will ***** you over one way or the other. 

I am disappointed in them. however on the brighter side, I got to see this in time before I invest all my money in a retirement fund with them and lose all my savings. I truly hope that this post will help someone from making the same mistake i had made a couple of years ago. 

At least i am now rid of them and will be able to move on to another company. 

Please be careful before investing in Momentum.