KC
Kopano C

1 reviews | Active since May 2019

16 Nov 2024, 09:48

Disappointing Service from Old Mutual

We are deeply disappointed with the service my mother has received regarding her Retirement Annuity payout. Old Mutual initially promised that the payment would be processed within 21 days, yet to date, she still hasn’t received her money.

When she called three days ago, she was told the payment would be made within a day or two. However, that hasn’t happened. She even visited the office, where she was informed that if she had elected for the funds to be sent to their card, she would receive them quickly. This critical information was never communicated to her beforehand.

Why is my mother’s hard-earned retirement money coming with such unnecessary delays and terms? The lack of transparency and communication is extremely frustrating.

This is not the level of service we expected and it’s unacceptable to treat a loyal customer like this.

0
Replies (5)
Old Mutual
Old Mutual's reply16 Nov 2024, 11:15
Official
Good day

We acknowledge receipt of your review and sincerely apologise for the service experience your mother encountered. We are committed to investigating this matter thoroughly and will make direct contact with your mother should further information be required.

Kind regards
Old Mutual Complaints Management
KC
Kopano C's update18 Nov 2024, 17:40
Reviewer Update
When can I expect a response ?
Old Mutual
Old Mutual's reply18 Nov 2024, 18:03
Official
Our team has been made aware of your request and you will be contacted within 3 business days, this could be in the form of an email as well.
KC
Kopano C's update19 Nov 2024, 08:39
Reviewer Update
I am extremely dissatisfied that we are now required to wait an additional 3 business days, despite your initial commitment to process the payout within 21 days. This extension is not only frustrating but also unacceptable, as it adds unnecessary stress to an already delayed process.
Furthermore, there has been a complete lack of communication regarding the status of my mother’s payment. We have been left in the dark, with no clear updates or explanation for the delays. This lack of transparency is deeply concerning and unprofessional.
We expect immediate clarity and action on this matter. My mother has waited long enough for what is rightfully hers, and the continued delays are unacceptable.


Old Mutual
Old Mutual's reply19 Nov 2024, 09:03
Official
We fully understand your frustration and are very sorry for the delay. We can assure you that our team is actively investigating your query and will provide an update. We appreciate your ongoing patience.