ME
Marvin E

1 reviews | Active since Apr 2019

17 Mar 2020, 09:18

Delay in Payout time since the 19th of Feb till 17th of march, and manipulation of my funds value

Hi. I requested that one of my policies be closed on the 19th if feb. I was sitting at around 62k or so. With a termination value of 57k. I sent a letter. I’ve been monitoring my profile since then. I checked the other day and the termination value was 53k. Still hoping it would change. I went seeing that I did not get a feedback. I sent an email to service@oldmutual to find out the status of my request. I was told to fill a form and go into the branch to stamp. On getting there. I had to fill the form online. Today out of curiosity I emailed old mutual to find out how much my termination value is and I was told it was 51k. How in heavens name to I lose 11k rands because I want my money back??? I did not gamble. I flipping Saved my hard earned money.

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Replies (1)
Old Mutual
Old Mutual's reply17 Mar 2020, 12:46
Official
Dear Marvin
I acknowledge receipt of your complaint, this matter will be investigated and I will be in contact with you.

Regards
Carol Olckers 
Old Mutual Complaints Management