AB
Anneke B

1 reviews | Active since Jul 2009

25 May 2024, 07:01

Conniving, *********** snake: Stanley Tordiffe from Old Mutual

A month ago I asked Stanley Tordiffe from Old Mutual to do an analysis of all my Old Mutual products, with the view to consolidate it, along with a quote for income protection. What followed was a shocking array of lies and incorrect information: He told me to consolidate my retirement annuities, I would have to pay capital gains tax - not true! I had to speak to him and pointed it out, then he said he's not sure, maybe he incorrect information. He pulled the analysis again and came back saying I was right, good thing I pointed it out, otherwise he would not have known. He quoted me for income protection which would only pay 2 months, instead of 14 years, until retirement. When I questioned him about it directly, he denied it and I had to mail him again, He then admitted that I was right and said good thing I pointed it out. 3rdly he told me that if I invest R2.5 with OM Wealth, I would pay no fund administration fees. I asked him about it a 2nd time and discovered that what he was actually saying, was that the max cost was R750, so if you invest more than R2.5m you don't pay extra fees, not that it will be free. The lies, deceit and incompetence of this snake astounding. I did not expect this from one of their advisers. Luckily I have a financial services background and was able to point this out, but I feel sorry for the next unsuspecting soul, being cheated like way. Old Mutual, please contact me with details of a reputable adviser ***

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