Old Mutual fail pensioners.

Item: Old Mutual
Rating: 1
Author: Marietjie W

Opened a 5 year max investment with R100000 on 25/09/2013. Notify my financial adviser on the 17th Sept 2018 that i need the money on 25/09/2018. Value given on that date was R122,740. This is 22% for 5 years. When it paid out only on the 22/10/2018, the final amount was R118751, a very poor 18.7% over 5 years or 3% per year. What a disgrace to pensioners.

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Replies (1)

Old Mutual's replyOfficial

23 Oct 2018, 16:16

Dear Marietjie

We received your update of 23 October 2018.

We are sorry to hear that you unhappy with the performance of your investment. We are investigating this matter and will contact you to resolve.

Regards

Coleen Aanhuizen
Complaints Management

Old Mutual's reply23 Oct 2018, 16:16

Official