TN
Thembelani N

1 reviews | Active since Dec 2015

23 Sept 2022, 14:40

Momentum Fund Administrators (CINPF)

I was a member of the Chemical Industries National Provident Fund (CINPF) and left the company I worked for in July 2021. The Chemical Industries National Provident Fund (CINPF) was with Akani Fund Administrators and then moved to Momentum Fund Administrators in November 2021. This move has been an Out of the frying pan into the fire situation. Momentum Fund Administrators consultants are *****, ***********. They have been telling me that my file has not been loaded onto the system for the last 9 months and that IT still still busy loading files and system will update I must call back after a week. I call every week and I'm told the same story. Momentum is playing with people lives and livelihood. There are people who have even died waiting for their money. There are people who have had their houses and cars repossessed because of the incompetency of the consultants. Kids have been taken out of school because of this situation. The Management of Momentum really needs to prioritize this as this is peoples money that they contributed and not a donation.

0
Replies (3)
Momentum (SA)
Momentum (SA)'s reply23 Sept 2022, 14:50
Official
Thembelani

Your frustrations have been noted and we would like to assist you.

Please provide us with your identity number to assist us.

Thank you kindly

EdB
Momentum (SA)
Momentum (SA)'s reply23 Sept 2022, 15:17
Official
Thembelani

Thank you!

The information was forwarded to the relevant business area for urgent attention.

Regards
EdB
TN
Thembelani N's update10 Oct 2022, 13:33
Reviewer Update
I'm still waiting for feedback from Momentum SA as to when my file will loaded on their system and the when my money will be paid into my account...