SM
Spo M

1 reviews | Active since Aug 2017

19 Dec 2019, 11:06

Poor service by Momentum Retirement Administrators

I resigned from my employer and informed Momentum Retirement Administrators to transfer my benefit to my Retirement Annuity. Two days after submitting the transfer form, I followed up and was advised that the TAT is about 48 hours and that the instruction has not yet been allocated. Today I call and spoke to Surita who told me that I needed to submit a benefit form, which was not sent to me previously. In addition I asked why was I not contacted about the requirements and she informed me that because I did not submit the benefit form, no instruction was triggered. Does it means you were just going to ignore my emails ? Now she sent me the form and advised that my instruction will be processed in January 2020. Not acceptable !

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Replies (1)
Momentum (SA)
Momentum (SA)'s reply19 Dec 2019, 11:22
Official
Thank you for bringing your concerns to our attention. The matter will be escalated to management for urgent assistance.

Kind regards
Nh