TB
Thea B

1 reviews | Active since Apr 2025

09 Apr 2025, 10:10

Momentum disgusting service

Momentum’s service has been nothing short of disgusting. I resigned from my employer exit was on 31st March.My HR department sent all the relevant documents to momentum to start the withdrawal process. I sent the same document and several emails later absolutely no response from them. I decided to contact them I was first told everything is in order the disinvestment process has started however the app showed that I’m not in the process of exiting the fund so I called again and was advised that my withdrawal request has been rejected because they are awaiting the allocation of the March contribution. I was shocked surely the administrator dealing with the claim has to follow up and ensure all payment and documents are available so the claim will be processed, I requested to speak to the ghost administrator but as expected she was not available. I am told to wait until the 15th April to start the process whilst the other consultant told me that the withdrawal is pending and has not been cancelled. What am I to believe because it’s a different story every time I try to follow up

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Replies (4)
TB
Thea B's update09 Apr 2025, 10:18
Reviewer Update
While waiting for my withdrawal my fund is losing money everyday it seems as if this is a way for momentum to cheat us out of our money
Momentum (SA)
Momentum (SA)'s reply09 Apr 2025, 10:30
Official
Dear Ms.  Booysen,

Thankyou for your post. We have redirected the post to the Fund Administrator in the Employee Benefits department for further assistance.

Regards,

ND
TB
Thea B's update09 Apr 2025, 10:48
Reviewer Update
I very much doubt that someone from Momentum will contact me regarding this matter.This generic reply I’m certain is the only feedback I will receive from them until I get lawyers involve. They are making it so hard for me to withdraw my own money. I’m not requesting a loan I’m withdrawing my own funds that I paid for so even stating that my withdrawal has been cancelled is utterly ridiculous how can my withdrawal be reject as if it’s an application.
Momentum (SA)
Momentum (SA)'s reply09 Apr 2025, 11:03
Official
 Dear Ms. Booysen,

Thank you for your feedback. Your message has been forwarded to the Employee Benefits department. 

Regards,

ND