XS
Xolisa S

1 reviews | Active since Mar 2023

24 Mar 2023, 09:22

NMG Disbenefits

I have withdrawn from the fund in December 2022 NMG says they recieved my documents on the 13th of January 2023 from my ex employer. I was advised that the turn around time is 6 - 8 weeks for a payment,the full 8 weeks lapsed no payment. I enquired from Sharissa who informed me outside of the 8 weeks the money is being disinvested from the market and that will take another 7 working days. Sharissa reffered me to Lebo Mnguni the fund admnistrator who rep**** after a five working days ,Lebo in an email wrote "we are waiting for a tax directive or confirmation " and from there another 14 working days will be app**** to disburse the fund.

I have exited funds in the past and never waited even a month for the pay out.

NMG Benefits is the worst fund manager in the history of fund managers and no one will take this prize from them in a very long time..

Just to compare apples with apples I sent an enquiry to Sanlam the same day i started enquiring at NMG however there is a stark difference Sanlam has sent me emails and even phone calls.

Even the department of labour is streets better than them.

Xolisa Sokayi

0
Replies (1)
NMG Benefits
NMG Benefits's reply24 Mar 2023, 14:38
Official
Hi Xolisa,

We sincerely apologise for the poor service levels that you have experienced from us. Your query has been sent to the relevant department. 

It is our key priority to attend to your matter with urgency and care. Kindly expect a response within 48 hours of sending your email enquiry.

 Finding a better way for you.
The NMG Benefits Customer Care Team