kM
kgomotso M

1 reviews | Active since Mar 2012

10 Jun 2026, 13:21

Old Mutual Is Withholding My Money – Ignored After 3 Escalations

I am extremely disappointed and frustrated with Old Mutual. I have done everything required of me to cancel my policy and withdraw my funds, yet I am being completely ignored. I submitted all the necessary forms and supporting documents to the correct email address (***) as instructed. Since then, I have received no acknowledgement, no update, and no indication that my request is even being processed. Every time I call, I get through to call centre who cannot forward my call to the responsible department. It is evident that I cannot speak to anyone. their so-called agents are unavailable. Their what's app number is not working at all. What makes this worse is that I have escalated this matter three times already. Three escalations, and still not a single response. It feels like my emails are being deliberately ignored. At this point, I am honestly starting to believe that Old Mutual does not want to refund me. Why else would there be such a complete lack of communication? This is my money, and I should not have to chase a large financial institution just to get what is rightfully mine. This situation has caused unnecessary stress, frustration, and financial strain. I trusted Old Mutual to act professionally and fairly, but this experience has completely broken that trust. All I want is my policy cancelled and my funds paid out—nothing more, nothing less. Instead, I am being met with silence and delays. Old Mutual, this is unacceptable. Stop ignoring me and process my request. I WANT MY MONEY, and I want it now. If this is not resolved urgently, I will have no choice but to escalate it further through formal regulatory channels.

0
Replies (5)
Old Mutual
Old Mutual's reply10 Jun 2026, 13:49
Official
Good day Kgomotso,

We acknowledge receipt of your review and sincerely apologise for the service experience you encountered. We are committed to investigating this matter thoroughly and will make direct contact with you during business hours should further information be required.

Kind regards
Old Mutual Complaints Management
kM
kgomotso M's update12 Jun 2026, 11:32
Reviewer Update
Urgent Escalation

Good morning,

Please note that I am withdrawing on behalf of my 6yrs old sun.

On 04 June I submitted the required forms to Old Mutual to cancel and withdraw funds from my son’s Tax-Free account. I received confirmation receipt with reference number CET***7. Since then, I have been making follow-ups every single day from 08–12 June, yet nothing has been resolved.

Only today, after countless calls, I was told by Nontando from the call centre that part of the section was incomplete. Why was this not communicated earlier? I called repeatedly, and no one bothered to inform me. On Wednesday, I received an email from Adam Steyn requesting additional information, which I immediately provided. Yet, I still have no response, no progress, and no communication.

This treatment is unacceptable. My matter has been “escalated” but clearly ignored. I want nothing further to do with Old Mutual.

All I want is my money, and I expect immediate action.

Why am I being treated this way? Why is there no accountability or urgency?

I demand resolution without further delay.
Old Mutual
Old Mutual's reply12 Jun 2026, 12:54
Official
Good Day Kgomotso, we note your concerns, please be advised that this matter is being attended to and feedback will be provided via email. 

Regards 
Old Mutual Complaints Management


kM
kgomotso M's update12 Jun 2026, 13:48
Reviewer Update
Thank you, Adam Steyn OML Customer Complaints
Mutualpark, Pinelands for resolving my issue. Please make sure that that the policy is CLOSED and no debit orders will be running as of June 2026 going forward.

Thank you.
Old Mutual
Old Mutual's reply12 Jun 2026, 14:00
Official
Hi there Kgomotso

Thank you for bringing your concerns to our attention. We are pleased to confirm that your issue has been resolved internally, and we trust that the solution meets your expectations. We appreciate your patience while we worked on this matter and value your feedback, as it helps us improve our services. Should you have any further questions or need assistance in the future, please do not hesitate to reach out. 

Kind regards 
Old Mutual Complaints Management