L
Lerato

1 reviews | Active since Dec 2024

21 Aug 2026, 10:05

Poor service

Dear Momentum FundsAtWork Team,

I am writing to formally lodge a complaint regarding the ongoing delay and lack of clear communication regarding my claim payment.

I have followed up several times regarding my claim, but I am still not receiving a clear timeline for when my payment will be processed and paid to me. I was previously advised that the claim had been sent for disinvestment and that, once completed, the tax process would be app**** before payment could be made.

I understand that certain processes need to be followed; however, the continued delay and lack of a clear update are becoming extremely frustrating. I would appreciate a detailed update confirming:

The current status of my claim; Whether the disinvestment has been completed; Whether the tax process has been submitted/completed; What is still outstanding before payment can be released; and The expected date that the funds will be paid into my account.

I kindly request that this matter be escalated to a senior manager or the appropriate complaints department if it cannot be resolved promptly.

I have been patient throughout this process, but I now need a clear and definitive response regarding my money and the expected payment date.

Please treat this as an urgent complaint and respond to me as soon as possible.

Kind regards,

0
Replies (3)
Momentum (SA)
Momentum (SA)'s reply21 Aug 2026, 10:29
Official
Dear Lerato
Thank you for your message.
I refer to your complaint received and confirm that i have escalated your complaint to the fund managers for further assistance.
Kind regards
Mvdm
L
Lerato's update01 Sept 2026, 13:16
Reviewer Update
Dear Momentum Complaints Team,I am writing to formally lodge a complaint regarding my payment, which has still not reflected in my bank account after 72 hours.I was previously informed that the claim had been processed and that the payment would proceed. However, despite waiting the required time, I have still not received the funds.This matter has already taken an unreasonable amount of time, and I am extremely frustrated with the continued delays and lack of clear communication. I urgently need my money and would appreciate a clear explanation of what is currently causing the delay.Please investigate this matter urgently and confirm:
  • The exact status of my payment;
  • When the payment was released;
  • Whether there is any issue preventing the funds from reflecting in my bank account; and
  • The exact date I can expect the money to reflect.
I kindly request that this complaint be escalated to the relevant department and that I receive a written response as soon as possible.I have been patient throughout this process, but 72 hours have now passed without receiving my funds.Kind regards,
Lerato Moss
Momentum (SA)
Momentum (SA)'s reply01 Sept 2026, 13:26
Official
Dear Lerato,

Thank you for the feedback which was again escalated to the manager in Funds at Work.