MA
Moegamat A

1 reviews | Active since Jul 2018

19 Jul 2018, 13:56

BEWARE of the OLD MUTUAL investment ****!!!!!!!

BEWARE OF OLD MUTUAL - THE ********

BETTER TO INVEST MONEY UNDER YOUR MATTRESS THAN WITH OLD MUTUAL!!!

IMAGINE SAVING 100 A MONTH UNDER YOUR MATTRESS FOR A YEAR. YOU WOULD HAVE 1200.

IF YOU INVEST WITH OLD MUTUAL, YOU WOULD HAVE 900!!!

THAT IS BECAUSE THEY CHARGE MORE FEES THAN THE RETURNS ON YOUR INVESTMENT!!! AND IF YOU WANT TO CANCEL, THEY WANT TO CHARGE YOU SOME MORE.

DON'T BE CAUGHT BY THEIR **** - PUT YOUR MONEY UNDER YOUR MATTRESS.

RE: 69667N ********** 49

0
Replies (7)
Old Mutual
Old Mutual's reply19 Jul 2018, 17:28
Official

Dear Moegamat

I refer to my email and will be attending to this matter.

Regards

Carol Olckers

Complaints Management

MA
Moegamat A's update24 Jul 2018, 13:20
Reviewer Update
Just got my reply...thanks guys! YOU WON!!! Your prize? T's&C's trump ethics and a trust relationship!!! Your reward? I'll spend the next few years telling people to watch out for how your con works! Got the following reply which basically says that at the end of my term i'll get back at least all the money i paid in LESS - YES LESS all the charges that YOU ARE AT LIBERTY TO DECIDE!!! I've already got 2 people who have decided to cancel and 2 more that are checking their investment and will be cancellling if they find it to be less than what they have paid! Well done...YOU WON A HOLLOW VICTORY While I understand that you our covered by all the fine print in the contract that you are obviously the experts in – your company makes sure of this – I’d like to point out the ethics in this. And yes, I know ethics is not quite the first thing on your agenda. I’m not even sure it makes it onto your agenda. I’ll tell you why… When this policy was sold, like with every other person it was sold to by your brokers, you neglected to ensure that your potential customer is given a true understanding of the risks. Who has ever said “lets invest in something that will probably pay out less than I put in” –because that is the crux of this. So yes, you win the T’s&C’s battle. Congrats on your hollow victory – your prize? My contempt and guarantee that I will tell everyone for a long, long time to beware of taking out products with you. The quoted page 5 to make sure very, very few of your victims see it because we enter into a TRUST RELATIONSHIP with you that you use as your “I *****ed you over because you didn’t read all the fineprint” clause below The policy contract, on page 5, under the heading “IS MY INVESTMENT GUARANTEED?” states that “At the end of the term of your plan, we will pay you at least the premiums that we received less withdrawals and all charges. This guarantee also applies if you die or we recognise your disability before the end of the term. This basically tells me that not even at the end of the period will I potentially get back my premiums because, no matter how pathetic you are at investing (contrary to what your business claim is based on) but you will charge me “charges” which you can determine at any time to make sure that YOU STILL GET PAID?
Old Mutual
Old Mutual's reply24 Jul 2018, 14:59
Official

Dear Moegamat

I refer to your response you received from the Arbitrator's office. Your further comments were handed to them and you are welcome to contact them directly in this regard.

Thank you

Carol Olckers

Complaints Management

MA
Moegamat A's update26 Jul 2018, 10:07
Reviewer Update
hey *******@OLDMUTUAL can you get one of your band of ******* to call me to let me know HOW MUCH MORE of my money you want to SUCK OUT above what you HAVE ALREADY ****** to cancel the policy that gets you paid and *****s your customers
MA
Moegamat A's update27 Jul 2018, 10:34
Reviewer Update
Hey ********** STILL WAITING FOR YOUR RESPONSE. HOW DO I GET OUT OF YOUR ****???
MA
Moegamat A's update30 Jul 2018, 09:11
Reviewer Update
Hey *******@OLDMUTUAL I'm still waiting on your reply. How do i cancel this **** policy???
MA
Moegamat A's update02 Aug 2018, 13:39
Reviewer Update
hey *******...how do i cancel your **** investment policy? IM STILL WAITING ON YOUR REPLY