NM
Nonhlanhla M

1 reviews | Active since Apr 2012

20 Mar 2024, 11:29

Incorrect fund value being confirmed for paid up certificate

I am really frustrated by Nombuyiselo Sithole the Fund administrator of my previous employer's fund. I left the services of my former employer on the 23rd of February 2024 and till today the 20th March my February pension fund contributions are still not reflected in my fund value. I pointed this out to Nombuyiselo when she sent me an enquiry on the 15th of March about the missing contribution and requested her to do an investigation why my contributions were still not allocated. I also called Momentum on Monday the 18th of March enquiring about this and received an emailed response from Kgomotso Mailula indicating that the missing contribution was due to the employer not having confirmed the recon and once that has been done the contribution will be allocated. Today the 20th of March I have received a paid up certificate signed by Tania Bakker the Principal Officer with the incorrect fund value, stating that this has been verified to be correct at the time of signing like what kind of nonsense is this!

0
Replies (3)
Momentum (SA)
Momentum (SA)'s reply20 Mar 2024, 12:48
Official
Thank you for your message.

We have escalated your request to the Fund manager.

Kind regards
NH

NM
Nonhlanhla M's update27 Mar 2024, 16:53
Reviewer Update
I am doing a follow up on my query below as it is a week later and my fund value is still not reflecting the Feb contributions. Please advise
Momentum (SA)
Momentum (SA)'s reply28 Mar 2024, 09:13
Official
We have referred your enquiry to the Fund manager again for feedback.