GV
Guillaume V
1 reviews | Active since May 2021
06 May 2021, 11:48
Old Mutual Missmanagement Of Retirement Funds and excessive fees that absorb any growth.
16 Years of retirement investment with a negative growth most of the years. Complete fund mismanagement with nobody to talk to and enquire how this is allowed. My R393 000 contribution turned into R459 000 and if I want to move the funds, Old Mututal wants to penalize me R50 000. So they offer no growth and if you dare move the funds, you get penalized R50 000. So my R70 000 growth they gave me, will be reduced to R20 000 as they take such large penalties. I will NEVER touch Old Mutual ever again and I suggest you do the same
Helpful (0)
Replies (1)0
Replies (1)Old Mutual's replyOfficial
06 May 2021, 12:02Dear Guillaume V
Thank you for your review.
One of our complaints assessors is busy investigating the matter and is in contact with you directly,.
Regards
Thabiet Mintin
Old Mutual Complaints Management
Old Mutual's reply06 May 2021, 12:02
Official
Dear Guillaume V
Thank you for your review.
One of our complaints assessors is busy investigating the matter and is in contact with you directly,.
Regards
Thabiet Mintin
Old Mutual Complaints Management
