Old Mutual Group Schemes

Here we go again, with my dearest Old Mutual, same retirement annuities same company.

However this time I accept the blame, partly..I have been out of employment and subsequently my policy have been paid up, recently started working so I called in to reinstate my annuities.

Roughly a combined total of R57k in them..only to be told it's impossible, have to open another annuity, and that's not the best news though, the best news is that for the next 14 years till I reach 55 years of age, my annuities will not recieve any interest, now you would be shocked if I tell you that not only will they not be gaining intrest there is an administrative fee drawn monthly by my dearest Old Mutual absolutely amazing, so all these years I have tried to keep these policies alive just for Old Mutual to gain because I lost employment, amazing