RM
Rudzani M

1 reviews | Active since Dec 2012

10 May 2016, 09:43

Old Mutual Group Scheme refuses to cancel my policies

<p><span style="color: #1***7d; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-themecolor: dark2;"><font face="Calibri"><font size="3">I have been trying to cancel my Group Scheme policies but to date it has not been done.<span style="mso-spacerun: yes;">&nbsp; </span></font><font size="3">I went to the Westgate branch on 23.04.2016 and submitted all the do***entation and I was told that it would take 5 working days to cancel. Then on The 26.04.2016, I received an sms saying that the is a delay in processing my request and I will have to wait for</font><span style="mso-spacerun: yes;"><font size="3">&nbsp; </font></span><font size="3">9 day clearance for my debit orders, after which my request will be attended. My debit order went of the 20</font><sup><font size="2">th</font></sup><font size="3"> April 2016 and it is exactly 20 days since the debit order went off. </font><span style="mso-spacerun: yes;"><font size="3">&nbsp;</font></span><font size="3">I have not received any feedback since. I have been phoning Group schemes since Wednesday last week and everyday, I am told that someone will phone me back but no-one ever calls me back. My policy is still active and I cannot have double policies.</font></font></span></p> <p>&nbsp;</p>

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Replies (2)
Old Mutual
Old Mutual's reply13 May 2016, 15:27
Official
Dear Rudzani Thank you for bringing the matter to our attention. We will investigate and provide you with feedback to resolve. It is important to note that Hellopeter only assigned your complaint to us today due to having problems with their website. We apologise for any inconvenience caused. Regards Complaints Management
Old Mutual
Old Mutual's reply16 May 2016, 10:23
Official
Dear Rudzani I tried calling you but your cell advised you were not available at present. I note that your disinvestment was processed on Friday, 13 May 2016 and is now awaiting pricing as these policies are unitised investments. This takes approximately 2-3 working days and then the payment is processed to your account. This is also usually 2-3 working days to reflect there. The funds should be in your account by Friday/Sa****ay this week. I sincerely apologise for the delay in this payment and assure you that I have provided your valuable feedback to all parties concerned to ensure it does not happen again. Kind regards Belinda Hunt