GB
G B

1 reviews | Active since Feb 2017

13 Jul 2023, 13:13

Old Mutual is not responding

On 5 June 2023 I Started the process of paying out my retirement annuity. I am taking a third cash lump sum. Every week I am told it will take a 2 or 3 days to finish the process. Today I have heard they are processing it and only Monday will it be sent for a SARS directive, then add a another two days. Next week will be again a delay and promise next week in will be completed. Customer care does not respond to my email I sent on 8 July2023. It takes 15 min to get through to an operator, On Monday or Tuesday I phoned ***. Twice I was cut of and once I was referred to claims department which said it was a mistake. It has been 37 days now and nothing has been processed. Someone give me the truth what is happening.

0
Replies (6)
Old Mutual
Old Mutual's reply13 Jul 2023, 13:15
Official
Good day G Bain

We received your review on the 13 July 2023
We sincerely apologize for your service experience. I will investigate the matter and contact you directly should we require additional information.

Regards
Bilqees Carelse
Old Mutual Complaints Management

Best regards,

GB
G B's update13 Jul 2023, 13:42
Reviewer Update
Thanks I received an email.  That is service! Very fast!! Can you give me a time frame please.? How many days pricing, How many days Tax directive. How many days until  the money is finally in my account?
Old Mutual
Old Mutual's reply13 Jul 2023, 13:46
Official
Dear Mr Bain

We will respond accordingly.

Thank you.

Regards
Thabiet Mintin
Old Mutual Complaints Management 

Best regards,

GB
G B's update13 Jul 2023, 14:03
Reviewer Update
Thanks I have received the time frame for pricing 2 to 8 working days. That is not acceptable. On 30 July the call center said the funds will be paid out on 6 or 7 July. Please give me assurance that it will take only two days. 8 days is a delaying tactic. 8 days is more than two weekends, that is getting to another month of waiting.
GB
G B's update13 Jul 2023, 14:03
Reviewer Update
I mean 30 June 2023
Old Mutual
Old Mutual's reply13 Jul 2023, 14:34
Official
Dear Mr Bain 

We will respond to the emails received.

Regards
Thabiet Mintin
Old Mutual Complaints Management

Best regards,