BM
Ben M

1 reviews | Active since Sept 2019

02 Sept 2019, 10:28

HORRIBLE SERVICE. ABSOLUTELY EMBARRASSING

The biggest mistake I have ever regretted is being under momentum provident funds. They are very good at deducting your money every month end. I made a claim beginning of May since then different excuse every week. At first I was told forms were filled incorrectly only to get there and nothing was wrong when we checked them. Time went by, they don't answer the phone calls sometimes they answer and put you on hold, no response to emails one day after speaking to them I received an email saying the funds have been sent to the bank but a week later nothing came through. I phoned them I was told they were now checking the liquidation of the company first of all the company is still running even today. I waited to hear from them nothing not even an email or phone call. I phoned them back I was told that the claim has been rejected because the company liquidated while the company is still running. Don't trust them, they are very good at deducting they don't want to pay back.

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Replies (5)
Momentum (SA)
Momentum (SA)'s reply02 Sept 2019, 11:30
Official
Thank you for taking the time to inform us of your concerns. It has been referred to the relevant Department.

Kind regards
CK
Momentum (SA)
Momentum (SA)'s reply02 Sept 2019, 12:00
Official
Our manager will be calling you with an explanation.

If a Company cancels a Pension Fund then this does not mean that the company is in liquidation. In terms of the Pension Funds Act we are obliged to submit a liquidation to the FSCA.

Kind Regards

SdP
BM
Ben M's update02 Sept 2019, 12:14
Reviewer Update
There has been a lot of different excuses since I submitted my claim, the liquidation story is just one of them. They even went as far as telling me that the payment has been made I must expect it in 2 working days I won't be surprised if a different story comes up now again thats just momentum for you.
BM
Ben M's update02 Sept 2019, 12:34
Reviewer Update
When I was at your office everything was confirmed including the date you last received a payment from the company on my behalf, now there are stories that never existed by the time
BM
Ben M's update17 Sept 2019, 19:25
Reviewer Update
Thank you for all the help my claim was finally resolved.
Thank you Agnes from momentum for stepping in.