SS
Simone S

1 reviews | Active since Jun 2018

11 Dec 2018, 15:19

Disinvestment Nightmare

I approached my financial adviser to dis-invest some money urgently.

All the documents were completed and sent through on 27 November and I was told that payment would be made within 5-7 working days.

A week later I checked up as I had still not been paid and they said that the form I had filled out was outdated. Firstly, I think it is ridiculous that the form provided was outdated. Secondly, I have no clue why I nor my financial adviser was informed that the form was outdated immediately. I think its completely unprofessional. If I did not call, I would have not known.

Anyway, I sent through the new forms ASAP and now it's still going to take more than a week to be paid. No sense of urgency and a lack of SLA for a mistake that they made.

This has been such a frustrating process and I feel like dis-investing completely.

0
Replies (1)
Old Mutual
Old Mutual's reply11 Dec 2018, 17:01
Official
Thank you for letting us know of the matter. We are following up with the advisor and will ensure your application is prioritised.

Kind regards 

Kareemah Sulayman 
Old Mutual Complaints Management