JP
Jaco P

1 reviews | Active since May 2014

19 Nov 2024, 09:37

Old Mutual Management of My Investment

I am becoming more and more concerned about Old Mutual managing my Retirement Investment. • Was told by OM during October that I can only opt-in to the two-pot system the first week of November and they will send me a link; • No link received, and I called them on the 8th. They arranged a link within 2 hours, and I opted in; • Coming Monday, I was not opted in and called them. A week of excuses such as will call back but never did and empty promises followed every day. By Friday they stated that the system is now updated and activated, and I will be opted in over the weekend; • Monday, again not opted in. Called and several non-sensible discussions later, they stated that all the problems have been sorted out, but they can only activate it the first week in December. After all that happened, do I believe OM, do I trust OM; very definitely not; • I asked to talk to a manager and was told that a manager is giving my case special attention and will call me. These words were confirmed during a later conversation. Now, a day later, no call; • Interesting observation – their complaints web site and contact number does not work. My major concern is the fact that my Retirement Investment is managed as above.

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Replies (5)
Old Mutual
Old Mutual's reply19 Nov 2024, 09:51
Official
Hello, we sincerely apologise for the frustrations you’ve experienced with the management of your Retirement Investment and the challenges you've faced while trying to opt into the two-pot system. . We understand that timely communication and trust are crucial, especially when it comes to your financial security.Your feedback is important to us, and we assure you that we are taking your concerns seriously. We regret to hear about the lack of follow-up and the difficulties you encountered with our support channels.This is not the standard of service we strive to provide. We would like to escalate this matter to ensure that you receive the attention you deserve.
JP
Jaco P's update20 Nov 2024, 17:16
Reviewer Update
Basically two work days later (1 month in total) and no calls. However, received the following email around 1.5 workdays later:
Dear Mr P
Thank you for the additional information.
I will raise the matter with our technical support teams for urgent assistance.
I will confirm as soon as I have received feedback.
| Yours sincerely,

Is this comforting? No.
I have to move my investment to a trustworthy company.
Old Mutual
Old Mutual's reply20 Nov 2024, 17:46
Official
We are very sorry for the delay, Jaco. We can assure you that we are following up regarding this.
JP
Jaco P's update03 Dec 2024, 16:03
Reviewer Update
Old Mutual resolved the matter last week and the service following the correction was absolutely excellent. OM now communicate, deliver on their communication and follow up after delivery. Thank You Old Mutual.
I want to commend two call centre operators, being Christy and Ncediwe who followed up, called when they promised and helped to the end. Thank you, you are brilliant and great assets to Old Mutual.
Old Mutual
Old Mutual's reply04 Dec 2024, 08:16
Official
Good day Jaco,

Thank you so much for sharing your positive experience! We’re delighted to hear that Christy and Ncediwe provided you with such excellent service. Your feedback will be shared with them and their team. We truly value your support and look forward to continuing to serve you.

Warm regards,
Old Mutual Complaints Team