AM
Amkela M

1 reviews | Active since Feb 2018

06 Jun 2023, 12:01

Lack of communication from Momentum Funds at work regarding my provident fund

I left my previous company end of Sept 2022 and in October the momentum provident fund (funds at work) team were to transfer my funds to another fund where I was going to work but 6 months later the funds were not transfer. The team did not communicate the delay until I emailed to find out and they said it was the receiving fund that was delaying. In April I advised them to pay to my bank account. I'd like the withdrawal option. They requested my documents that I've sent on the 14th of April. I have been emailing them asking when should I expect the money to be paid into my bank account. At first I got feedback from Michelle saying she will ask the administrator processing my claim to urgently follow up and provide feedback, that was on the 4th of May and I've been following up and being simple ignored.

It makes me wonder if it was really the receiving fund that was delaying the process as since the 14th of April when I sent them the document I haven't received any confirmation of when my money will be paid. It seems the fund doesn't want to pay this money at all. Just complete silence from the Momentum Funds at work team. Rachel, Michelle, anyone.

0
Replies (4)
Momentum (SA)
Momentum (SA)'s reply06 Jun 2023, 13:01
Official
Amkela

Your concerns have been noted.

We have forwarded your concerns to the relevant business area for further assistance.

Kind regards
EdB
AM
Amkela M's update07 Jun 2023, 17:10
Reviewer Update
Hi my ID: ***

Reference I received from Michelle Meyer is DGA ***.

I hope this matter gets resolved soon cause being ignored when I am looking for answers regarding my money is really frustrating. Funds at work turn auto responds says turn around time to respond is 48 hours but last I heard from anyone was on the 4th of May to say they asking the claims administrator. The service has been extremely poor.
Momentum (SA)
Momentum (SA)'s reply08 Jun 2023, 11:43
Official
Amkela

Please refer to the e-mail I have just sent you.

Kind regards

EdB
AM
Amkela M's update08 Jun 2023, 12:17
Reviewer Update
Hi Team,

I've responded to your email, although I'm unsure how is my father's details will assist with the Funds at work team delaying my provident fund payment. I've asked for withdrawal in April and none of them asked for my father's details. I've sent my ID copy and bank statement that was requested. I'm not sure if there's a confusion somewhere but please check the response and urgently assist as this has been dragging for too long.