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charles S

1 reviews | Active since Feb 2014

25 Aug 2025, 21:50

Old Mutual - disgrace to the financial services industry

I have been battling for over two months to get my Retirement Annuity transferred from Old Mutual to Allan Gray. Despite repeated follow-ups, I have received no meaningful feedback. Instead, I have been met with delay tactics and complete lack of communication.

This is my investment money — money I worked hard for and entrusted to Old Mutual. I deeply regret that decision. I have completed three similar transfers from other providers without any issue, so why is Old Mutual refusing to release my funds?

The way Old Mutual is handling this matter is a disgrace to the financial services industry. I am now warning my friends and family never to purchase a product from Old Mutual. The experience has been unacceptable, and I will continue to raise awareness until my money is rightfully released.

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Replies (1)
Old Mutual
Old Mutual's reply26 Aug 2025, 08:36
Official
Good day Charles,

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