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Pierre M

1 reviews | Active since Apr 2015

15 Oct 2020, 09:30

No communication Momentum - look elsewhere for retirement

After moving employment, I wanted to move the "Funds at Work" money to my private retirement fund. After sending the required withdrawal forms to Momentum, having the another financial institution follow up with them 3 in a month, I receive a email from them only to state I need to fill in a form I've already sent them.

I've tried calling them to no avail.

7 October 2020 After calling them funds at work number 6 times, only to have the call be dropped after 8min on the 3rd attempt is unacceptable. call ***

15 October 2020 Need to call 3 - 5 times - with call just going silent after 2min The callcentre agent was unable to assist or even assist with something as basic as EAC - dropped the call in my ear before I can get a ref. After 8min of waiting the 4th call in silence and call not being answered I ended the call.

Terrible experience, I would strongly encourage everyone to look elsewhere for retirement solutions.

0
Replies (5)
Momentum (SA)
Momentum (SA)'s reply15 Oct 2020, 09:33
Official
Thank you for bringing this to our attention. The matter will be referred to management for assistance and feedback.

Kind regards
NH
PM
Pierre M's update15 Oct 2020, 09:37
Reviewer Update
Good Day - Please note another time the call was just dropped in my ear. call ***
I just want a breakdown of the Annual Costs I'm paying you . . . but I'm simply unable to even be able to communicate with you.
Momentum (SA)
Momentum (SA)'s reply15 Oct 2020, 09:44
Official
Thank you Pierre, i will also bring this under their attention.

Kind regards
NH
Momentum (SA)
Momentum (SA)'s reply15 Oct 2020, 11:57
Official
Dear Pierre

Please accept our apologies for the fact that your calls were not attended to.
 
We have sent a request to your employer as they are required to sign the withdrawal form, and have not.
 
Our staff member will send you a detailed investment statement which will indicate the investment and costs.
 
Kind Regards
Sue
PM
Pierre M's update05 Nov 2020, 10:58
Reviewer Update
Good Day Sue,

I've sent the documentation on 2 separate occasions and have been dealing with Rose. I've still not received any feedback.

Is this the professionalism one can expect from Momentum ?