UN
Unathi N

1 reviews | Active since Jul 2025

31 Jul 2025, 20:39

Momentum Funds At Work

I resigned from my previous employer in February and promptly requested the withdrawal and transfer of my retirement funds from Momentum. I only received my withdrawal in May after multiple escalations and having involved my previous employer but ever since then I have had no response about my transfer , I have experienced consistently poor service from their team. Despite multiple emails and follow-ups, I have yet to receive any clear update, statement, or confirmation regarding the status of my funds.

My advisor, along with consultants Michele and Zinzi, have not responded to repeated requests for information. I find it unacceptable that a financial institution operating under the oversight of the FSCA can deliver such substandard service, especially when it involves clients’ retirement savings.

It is deeply concerning that I have no visibility on my funds, and Momentum’s lack of communication only adds to the frustration. I have made it clear that I no longer wish to be a client, but I am still waiting for the resolution of my request.

I hope this matter is escalated urgently, as this experience raises serious questions about the company’s commitment to ethical client service and financial accountability.

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Replies (5)
Momentum (SA)
Momentum (SA)'s reply01 Aug 2025, 08:48
Official
Dear Unathi,

Thank you for bringing your concerns to our attention.

We take note of your frustration and confirm that the matter has been escaladed to the fund manager for assistance.

Kind regards
NH
UN
Unathi N's update05 Aug 2025, 17:30
Reviewer Update
I am still waiting for a response from the team. i also still require a statement reflecting my current value.
Momentum (SA)
Momentum (SA)'s reply06 Aug 2025, 08:30
Official
Dear Unathi,

Thank you for your feedback, we will refer your comments again for assistance.
UN
Unathi N's update14 Aug 2025, 11:23
Reviewer Update
Hello, I don’t like that for me to be responded I always have to come here, this is really not ideal. I have sent the instruction and Prescient is still waiting for the momentum team to send the transfer. Please tell me how long will this take as it is already dragging for months.
Momentum (SA)
Momentum (SA)'s reply14 Aug 2025, 11:28
Official
Dear Unathi,

We are referring your comments to Funds@Work in order to provide you with feedback.