SM
Sophy M

1 reviews | Active since Aug 2010

19 Oct 2022, 08:22

Different information from consultants on my payout(early retirement payout)

I opted for early retirement and claimed funds on my retirement policy on the 5th October. I got an sms indicating that the application has been sent through for pricing and I must give the process 5-8 working days. To my surprise each time I phone to make a follow-up, I am given different turnaround working days. Yesterday when I called I was told of 21 working days, some indicated 15 working days. I am frustrated from being provided different information from the same organisation. I understand there are processes to be followed and because it is a retireement policy they have to make sure everything is done the correct way including sending application to SARS but I must be provided with the correct information. I even contacted SARS and they informed me they have not as yet received anything from Old Mutual about my application.

I am disappointed since I have so many insurance policies with Old Mutual. I did not just wake up and decide for early retirement, I have reasons that pushed me for this option.

Kindly assist me please.

Regards

0
Replies (4)
SM
Sophy M's update19 Oct 2022, 12:35
Reviewer Update
Thanks so much to Hellopeter for intervening, much appreciated!!
SM
Sophy M's update20 Oct 2022, 10:42
Reviewer Update
Dear Sir/Madam

I received the response yesterday from Coleen Aanhuizen and she promised to revert back this morning but she has not yet done so. I called the number provided on the email but got no response.
I contacted SARS this morning and they confirmed to me that they have finalised it.

I am disappointed with Coleen that she has now resorted to go quite, atleast she could have responded to my email sent through this morning.

Regards
SM
Sophy M's update20 Oct 2022, 12:14
Reviewer Update
Thanks so much to Hellopeter's intervention once more, much appreciated

Ms Coleen Aanhuizen has kept her promise and acted so professionally with my complaint. She finalised everything and emailed me proof of payment few minutes ago.

I appreciate her involvement in finalizing my application.

Regards



SM
Sophy M's update20 Oct 2022, 13:31
Reviewer Update
Super