DM
Dr M

1 reviews | Active since Dec 2022

10 Aug 2024, 13:32

Pathetic administration by Momentum

My complaint is an exact repeat of my previous complaint of 9 May 2024 on Hellopeter. I once again experienced a week on the phone during which I am unable to have access to my savings and investments with Momentum. This is my funds, and Momentum is causing me to suffer grave losses. Momentum are masters in referring the matter to and fro between departments and no accountability exists for them fixing their mess. My funds are being kept hostage by Momentum's poor administration. If my access to these funds is not available Monday morning I will proceed with the necessary proceedings against Momentum. I find it unbelievable but Momentum's personnel has indicated I am more than free to institute legal proceedings against them. This is pathetic financial services and, in my opinion, contradicts the essence of the FAIS "fit and proper" requirements.

0
Replies (5)
Momentum (SA)
Momentum (SA)'s reply12 Aug 2024, 09:28
Official
Dear Dr.Mostert
Thank you for your message. We have requested the online team to get in touch with you urgently to assist.
Kind regards
Mvdm

DM
Dr M's update12 Aug 2024, 20:31
Reviewer Update
Ludicrous! I still do not have access to my own funds. Get in touch with me "urgently" - seriously? Momentum you are a disgrace.
Momentum (SA)
Momentum (SA)'s reply13 Aug 2024, 16:32
Official
Dear Dr. Mostert
I received confirmation that the matter has been resolved.
Kind regards
Mvdm
DM
Dr M's update13 Aug 2024, 20:05
Reviewer Update
Momentum must appreciate the services of their mr Renier Jansen van Vuuren. At last a person who is able to communicate and solve problems. I thank you mr Renier.
Momentum (SA)
Momentum (SA)'s reply14 Aug 2024, 08:13
Official
Dear Dr. Mostert
Thank you for your feedback.
Kind regards
Mvdm