KM
Kgaohelo M

1 reviews | Active since Mar 2025

25 Mar 2025, 07:47

Horrible service from the finance department of Momentum Retirement Fund

I am utterly disappointed by Momentum Retirement Administrators, with their lack of service and updates. It has been over a year since I submitted my claim, and I am still getting the runarounds to this date (25/03/2025), over a year later. They not only made me open a deceased estate account, but they have also been telling me that I would have received my payout by the end of February, & to this day there is nothing. I have called and followed up; my administrator assisted me in all the right ways, but the payment (finance) department won't process my payment. I have my mother's things to pay and process, now sitting at over 100k in debt because they refuse to do right by me. I am frustrated and need a response ASAP because not only do I need to liquidate my mother's assets and need to fend for myself, but they don't seem to care. I have sent emails, made calls, and still nothing.

0
Replies (3)
Momentum (SA)
Momentum (SA)'s reply25 Mar 2025, 08:32
Official
Dear Kgaohelo,

Thank you for bringing your concerns to our attention.

We have referred your posting to the MRA management team for assistance and feedback.

Kind regards
NH 
KM
Kgaohelo M's update25 Mar 2025, 15:07
Reviewer Update
Good day NH

How long will that take because they had said they’d call me back and still nothing 3 weeks later
Momentum (SA)
Momentum (SA)'s reply25 Mar 2025, 15:12
Official
Dear Kgaohela,

The MRA division is a different department to ours and I will again ask them to assist as soon as possible.

Kind regards
NH