JC
Jan C

1 reviews | Active since Nov 2025

07 Jan 2026, 12:53

Errors by Old Mutual Unit Trusts delay transaction which was marked Emergency

On 6 January I filled in the COMPLETE form online for disinvesting a small amount of my unit trust, indicating that the need is for an emergency. This form already included all details including tax residency. Today I received an email stating the transaction cannot be completed until I complete "the attached form". This I would glady do, but the email by Levern Louw did not include an attached form! Due to that oversight I am not receiving the funds as urgently as requested AND I now have to wait for Old Mutual to reply to a completely unnecessary request, namely to provide the form which Levern Louw did not attach. On two issues this delay is due to Old Mutual's error, namely firstly that I gave all the information required online but apparently that is not enough and secondly that there was no attached form in your email that said "complete section 4 of the attached form". The wording of your email also threatens to close the transaction, your wording is shocking. In addition, in anticipation, I went through a process in December to ensure my online profile is complete in all respects before I start this process. Your records will show that I went through several steps in December 2025 to ensure everything is ready for this urgent transaction in January. I already complained in December about then being asked to provide information twice. There is a word that starts with "incomp" that describes my experience of Old Mutual Unit Trusts in this regard, I am most unhappy and require urgent resolution by senior officials. My case number per your email is CEW 2 6 0 1 3 8 9 8 JM Conradie 2 1 6 1 4 7 2 1 .

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Replies (4)
JC
Jan C's update07 Jan 2026, 12:57
Reviewer Update
This case is serious, money is serious, please respond only in writing. Don't waste my time with useless phone calls.
Old Mutual
Old Mutual's reply07 Jan 2026, 13:11
Official
Good day, we acknowledge receipt of your review and sincerely apologise for the service experience you encountered. We are committed to investigating this matter thoroughly and will make direct contact with you during business hours should further information be required.

Kind regards
Old Mutual Complaints Management
JC
Jan C's update10 Jan 2026, 08:55
Reviewer Update
Thank you, Customer Service rectified the attachment error within 24 hours, but not the duplication of information problem which I guess is standard nowadays in this country.
Old Mutual
Old Mutual's reply10 Jan 2026, 10:09
Official
Good day, your comments are noted, and we are following with the relevant team regarding this matter.

Kind regards
Old Mutual Complaints Management