1 reviews | Active since Nov 2016
Pension fund hell
<p>My late sister was employed by Youi Insurance.</p> <p>She had nominated her beneficiaries and was specific about what should happen in the unfortunate event of her passing. </p> <p>Now Momentum has made us as a family write affidavits to state how dependant we were on her.</p> <p>We are all on a ****tail of anti depressants and sleeping pills. We arent eating well. My mom has spent 3 weeks in a psychiatric hospital and is still under going treatment.</p> <p>That is how we were dependant on her. We can not quantify in monetary terms how much we were "dependant" on her because you can not put a price on love.</p> <p>She had indicated what should be done. Momentum you need to follow through with her wishes.</p>
Dear Tebogo
We dearly empathise with the position you are in. We will contact you telephonically to resolve this problem for you as quickly as possible.
Regards
EdeBruyn
Dear Tebogo
We dearly empathise with the position you are in. We will contact you telephonically to resolve this problem for you as quickly as possible.
Regards
EdeBruyn
Please accept our sincere condolences on your loss and please be assured that Momentum understand that this is now a sensitive issue and in no ways is it our intention to complicate the situation.
I understand that the Risk Benefits are with Old Mutual and Momentum is the administrator of the Pension Fund. In terms of section 37 C of the pension funds act, Momentum is required to obtain information regarding financial dependency on the deceased in order that the Trustees may allocate the benefit to the family who were dependant on the deceased.
We truly understand that this is a difficult period for yourselves and your Mom, however this is a requirement in terms of the Pension Funds Act.
The requirements which were sent to you by our staff are what is required by the Trustees.
Kind Regards
Please accept our sincere condolences on your loss and please be assured that Momentum understand that this is now a sensitive issue and in no ways is it our intention to complicate the situation.
I understand that the Risk Benefits are with Old Mutual and Momentum is the administrator of the Pension Fund. In terms of section 37 C of the pension funds act, Momentum is required to obtain information regarding financial dependency on the deceased in order that the Trustees may allocate the benefit to the family who were dependant on the deceased.
We truly understand that this is a difficult period for yourselves and your Mom, however this is a requirement in terms of the Pension Funds Act.
The requirements which were sent to you by our staff are what is required by the Trustees.
Kind Regards