MM
Mxolisi M

1 reviews | Active since Sept 2023

16 Oct 2024, 14:39

Old Mutual Claim Payouts

Old Mutual is a highly reputable financial institution with a large pool of clients, given the products or services they offer. However, my experience with them is very frustrating and I would not recommend them anymore to poeple who want to invest. Their payouts are always untimely and whether they have policies like most companies do, it is always a missions when it comes to paying out. The past two times that I made a withdrawal from them, I had to complain for me to get my money, and now even with the 2-pot system, I would have thought it would be different, but no. Upon making the claim, you are met with a 30 day waiting period which does not make sense, given that some service providers can pay their members within 7 days, and they also use SARS just as they do. I am not happy with them based on this one thing, it is always a mission and no customer wants to go though all this administration. I do not even receive updates or status on my claim.

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Replies (4)
Old Mutual
Old Mutual's reply16 Oct 2024, 14:41
Official
 Good day Mxolisi M

We acknowledge receipt of your review and extend our sincere apologies for the service experience you encountered. We are committed to investigating this matter thoroughly and will make direct contact with you should further information be required.

Regards 
Delia Smit
Old Mutual Complaints Management 
MM
Mxolisi M's update16 Oct 2024, 14:44
Reviewer Update
Thank you
MM
Mxolisi M's update22 Oct 2024, 08:49
Reviewer Update
Good day Delia

I have not heard from Old Mutual since the day of publishing this review. A Complaints Administrator by name of Bilqees was kind enough to respond on the same day to assure me that the 2-pot team will get back to me shortly. I sent a follow-up email to find out if there are any updates and to date I have not heard back from them. I am worried and I am really frustrated at this point.
MM
Mxolisi M's update06 Nov 2024, 14:22
Reviewer Update
This is now becoming a matter that I would actually like to end. Are you really happy with yourselves at Old Mutual? Can someone please advise me on how I could terminate my investment with you ASAP. I do not wish to be part of your company anymore.