JO
Johan O

1 reviews | Active since Aug 2015

09 Oct 2024, 11:15

Poor process control and explanation and unclear timelines

I have started the process for my provident fund lumpsum payout on the 13th of September. To date the 9th of October no one from momentum can give my any clear indication of where exactly my claim is in the process. Each day when i phone i usually wait in a phone que of about 10-12 minutes and when my call does get answered the feedback is entirely different from what i received the day before with no clear resolution of my questions asked and indication of where my claim currently is in the process. Utterly disappointed with the lack of accuracy on responses back to me

0
Replies (5)
Momentum (SA)
Momentum (SA)'s reply09 Oct 2024, 11:48
Official
Johan

Thank you for your posting.

We have referred the matter to the relevant fund manager for further investigation.

Kind regards

EdB
JO
Johan O's update09 Oct 2024, 13:49
Reviewer Update
Good Day,

Its appreciated that you have referred me to the fund manager.

Kindly can you indicate a timeline i can expect a response?
JO
Johan O's update09 Oct 2024, 13:58
Reviewer Update
I also got off the phone again now with one of your consultants. My there is again a error logged to IT which is slowing down the process. I was told on Monday as well that there was an IT issue.
JO
Johan O's update22 Oct 2024, 16:37
Reviewer Update
Good Day,

Till now NO ACCURATE OR TRUTHFUL INDICATION CAN BE GIVRN ON THE PROGRESS OF MY PAYOUT. EACH TIME I PHONE TO FIND OUT WHERE MY CLAIM IS IN THE PROCESS IT TAKES ABOUT 10-15 MINUTES FOR A MOMENTUM SERVICE SPECIALIST TO ANSWER MY CALL AND EACH AND EVERY TIME ITS A COMPLETELY DIFFERENT ANSWER.
Momentum (SA)
Momentum (SA)'s reply23 Oct 2024, 08:09
Official
Good day,
We have referred your feedback again to the fund manager for assistance.