ZS
Zinhle S

1 reviews | Active since Feb 2021

19 Nov 2021, 14:25

Old Mutual is Not paying out after all Documents were submitted.

My sisters and I are having such a horrible experience with Old Mutual releasing funds from our late mother's investment accounts and retirement annuities.

We filled out all the forms and sent everything through. We were told that they couldn't pay out since there was an overpayment issue that went into Ma's bank account. We arranged to get it paid back in July. They responded saying they received it. They asked once more for all the Beneficiary Option Forms, which we sent again. Since then there's been silent. No updates even when we enquire on ***

We really need to get these sorted out and get the beneficiaries paid so that we can actually close this chapter.

The policy number is P***6 I'm the Executor of the Estate - and I can be reached on ***. It's exhausting having to wait for Old Mutual to comply.

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Replies (3)
ZS
Zinhle S's update20 Nov 2021, 16:42
Reviewer Update
Thanks for the swift response.
It's been a never-ending hassle and we'd really like to get it resolved.
ZS
Zinhle S's update28 Nov 2021, 10:57
Reviewer Update
Hi Colleen,

It's been over a week since you escalated the matter and I have not received any feedback. What is the status of my complaint? Is there any headway? I'm finding your institution highly unreliable.

Even if I were to visit a branch tomorrow, they wouldn't be able to assist, all they'll do is escalate the matter further.
ZS
Zinhle S's update13 Dec 2021, 18:28
Reviewer Update
Hi Coleen,

Thank you for expediting the matter and ensured its quick resolution.
The case has been resolved and you may close the complaint.

Thanks again,
Sincerely
Ms NP Shabalala