LG
Lamla G

1 reviews | Active since Jun 2019

09 Jan 2020, 11:16

Old mutual is eating money from the poor

Schemed by Old Mutual and Left me with a loss of huge amount of money.

Old mutual representative gave wrong documents to sign not what we agreed on. He made me sign documents that were suppose to be investing and make my money grow instead the documents that he gave me to sign were eating my money. When I went to take my money from Old mutual I was told that they charging me a fee of up to R10 000.00 when I enquire about the fee charge I was told that what I signed for but explained to them what i was offered that it was suppose to grow the money not eat it. When they checked the Old mutual representative gave me a product that gave him a huge commission. Then i wrote to Old mutual arbiters then they ignored my issue. I am not working the money was meant to pay for my studies and now am stucked with huge school bill and I cannot even register to continue with my studies because I do not have money to pay for my outstanding fee. My dreams are vanishing because of greedy people who do not care about others from Old Mutual. I would edge people not to trust Old mutual and its representatives they will eat your little money and make you feel that it is your fault. They just like all other scheming companies they have lost they value of putting people first, its about them especial when they know you are no body, they can just shave you down and continue with scheming the poor people. Old Mutual is scheming and eating from the poor. Watch out. Nedbank is also to be blamed

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Replies (4)
Old Mutual
Old Mutual's reply09 Jan 2020, 12:37
Official
Dear Lamla
I acknowledge receipt of your complaint, this matter will be investigated and I will be in contact with you.
Regards
Carol Olckers 
Old Mutual Complaints Management
LG
Lamla G's update09 Jan 2020, 13:25
Reviewer Update
Good morning Carol
Thank you for the reply and I am looking forward to here from you and I hope you will keep the promise.
Thank you
Lamla
LG
Lamla G's update31 Jul 2023, 07:57
Reviewer Update
They never contacted me all these years.
LG
Lamla G's update31 Jul 2023, 19:17
Reviewer Update
Thank you I will follow up with Nedbank then.