JV
JP V

1 reviews | Active since Oct 2017

12 Nov 2019, 09:15

Just a number , No feedback or service

When I worked for my previous employer I was part of Momentum Funds at work a day or two after I resigned , I logged in to ask for my lump sum to be paid out , as I was waiting for communication from Momentum or my previous employer . The day I received the link I immediately logged in , I was given two options - Reinvest or get the Lump sum , I opted for the lump sum to be paid out. I received Notification that some one will contact me as they received my notification for the lump sum to be paid out , a few days went past , and no feed back, I then called and received a notification that I need to submit my divorce documents as that was specified. I told the assistant , I got divorced on the 8th of August 2018 and the policy was taken out or went live in December 2018 My Policy has got nothing to do with my divorce. I was then told that it is just a process and they need my divorce documents , I then sent the Decree of divorce to Momentum , A few days went pass and still no feed back, I called again and I was told that document is not sufficient , they need the divorce order, I then has the same conversation with the assistant and was tld its just a process . I sent them the requested document , and was just hoping that the whole process would be finalized. A few days went by and still no feedback , I called and was told response time is 24 hours . But They are going to follow up and give feedback before the end of that day - a weekend and 2- 3 days went passed and still no feedback , I called again today after numerous emails and phones calls , I even put a complaint in Momentum's website , I was told that my divorce document is not correct they will let them know if it is binding or not , they will let me know before the end of today. I called again and said I am not sure what my divorce has got to with my policy, I got divorced in August - the policy went live in December that is 4 months , She then said that she will bring this under Legals attention .

I am not sure why this is taking so long or what the hold up is , it just feels that I am just a number and not a client , If this is they way that Momentum does business and looks after their clients , i will never ever do business with Momentum again

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Replies (6)
Momentum (SA)
Momentum (SA)'s reply12 Nov 2019, 09:19
Official
Thank you for taking the time to inform us of your concerns. It has been referred for the attention of the relevant department for their urgent feedback.  
 
 Kind regards
 CK 
JV
JP V's update12 Nov 2019, 09:31
Reviewer Update
Good day CK,

I am not sure what the hold up is .

I am not happy with this response , it feels automated , and one starts the conversation or response with hi client or dear client !

The departments involved is Funds at work and Legal.

If this is not attended to today , I would like the contact details of top management , or someone that can take the lead.

I have been calling Momentum, emailing Momentum and complaining to momentum and no one is coming back to me .

Please sort this out before the end of the day , and please make persona contact with me as soon as possible.

JP
Momentum (SA)
Momentum (SA)'s reply12 Nov 2019, 09:34
Official
Dear JP,

I am truly sorry that you feel my initial response has an "automated" feel. I wish to assure you that it is not the case. 

A Funds at Work representative will investigate and provide you with feedback soon. Regrettably, I cannot comment on their behalf. 

Kind regards
CK
JV
JP V's update12 Nov 2019, 09:44
Reviewer Update
Hi CK ,

Thank you for the response.
I want this to be sorted out before the end of today .

Otherwise I would like top Management to call me .

As mentioned again , my divorce has got nothing to do with this policy - please note this .
So the reason for the lump sum to be paid out taking so long , can not be due to divorce as I was divorced 4 months all ready before this policy was effective

I expect an legitimate answer before the end of today , I am not Happy with Momentum and the level of service i have been receiving since I started this process

On the one side , you have a department telling me they are waiting on legal , they will respond today and on the other side you have a department that told me on the 4th of November 2019 that the payment will be made within the next 5 - 7 working days - This was confirmed by an consultant .

Regards,
JP
Momentum (SA)
Momentum (SA)'s reply12 Nov 2019, 14:25
Official
Good Day JP

I confirm that our Portfolio Manager has called you and confirmed that he will make the payment as a matter of urgency.

Please accept our apologies for the poor service that you have received.

Kind Regards

Sue


JV
JP V's update13 Nov 2019, 08:18
Reviewer Update
Good Morning Sue,

Thank you very much


Have a good day

Regards,
JP