PH
Promise H

1 reviews | Active since Nov 2015

10 Feb 2020, 07:35

Old Mutual a Compay of ******

I dion't even know where to satrt or who to contact now in order to resolve my mother's problem. She took her early retirement in September 2019. When she processed her documents she was told it would take 6 weeks for her payout. It has now been 5 months and she has not received a cent from Old Mutual. She cannot do anything right now as everything is at a standstill, she has people to pay, accounts but it seems Old Mutual does not care. Last December she was told that they were waiting for Abacas settlement letter. I had to put her through to them because she kept on being told that they did not receive the settllement letter. January I called Abacus had them send the letter to her directly. She forwarded the letter to Old Mutual informing them that it will expire on the 5th Feb. Old Mutuial does not update her on anything she constantly needs to call and find out about the progress of her claim herself. End of Jan it was SARS and ROT. Last week she called in and was told they had to contact Abacus because the settlement letter had expired......like really. They werte made aware of this but still did not process her claim. She logged a complaint twice but did not get any response. If this is how Old Mutual operates then I feel sorry for people who do not have the airtime to call them, email annd internet to show the world what disgusting service Old Mutual gives its clients. I feel sorry for people that are getting into business with such a company that does not take it's client's needsd into consideration. I will not sit and watch my mother stress week in week out over her money that she worked for all these years. I will expose Old Mutual just like the family that had to take a body to their office for them to see the seriousness of their actions.

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Replies (3)
Old Mutual
Old Mutual's reply10 Feb 2020, 09:04
Official
Dear Promise
I acknowledge receipt of your complaint. This matter will be investigated and I will be in contact with you. Regards
Brent SellidonOld Mutual Complaints Management
PH
Promise H's update12 Feb 2020, 15:21
Reviewer Update
Good day Brent

Even though there has'nt been any payout to my mother yet but atleast there has been some form of communication from Old Mutuals side since yesterday. I appreciate that her concerns were heard and some action was taken. So far she has received calls from HQ and from her Financial advisor. She was also called in to sign some documents yesterday of which apparently will sort this mess out.


I will come back every after 48 hours and report back on the progress of her claim up until she is satisfied with the service provided. Please continue on your side to push this process as it is a wake up call for HQ to see what is happening on the ground to thier beloved clients.

Kind Regards
Promise

PH
Promise H's update25 Feb 2020, 14:44
Reviewer Update
Good day

Friday month end marks the end of the end of the 5th month that my mother logged her pension fund claim with Old Mutual. Till today we are told stories by their consultants and by her advisor. We just called Old Mutual a few minutes ago and were told they made an error and transferred all her funds to some monthly payout option and are waiting for them to refund her cash payout and that should take a week.

So that will now be March the 6th month. She is now into so much debt due to not being able to pay all her accounts. We assist where we can because Old Mutual has failed her...dismally. We are now approaching a third party to take this matter public and make people and companies like Shoprite to be aware of all the struggle and pain that they put their ex-employees through by dealing with Old Mutual.