FP
FLOWER P

1 reviews | Active since Apr 2025

23 Apr 2025, 10:22

OLD MUTUAL - No Payout on My Annuity - STAY AWAY!

OLD MUTUAL - Extremely Disappointed – Still No Payout on My Annuity I’ve been paying into my annuity policy with Old Mutual for years, always keeping my personal information up to date and honoring my end of the agreement. Now that it's time for them to pay out, they've done nothing but drag their feet.

After countless emails and sending every possible document — ID copies, marriage certificates, and more — they continue to demand more “verification.” To make matters worse, they even sent me a formal confirmation letter stating the payout would be made, only to go back on their word completely.

I’m beyond frustrated. This has been emotionally exhausting, and it’s unacceptable for a company to treat long-standing clients like this. They’ve broken trust, failed to communicate clearly, and are not living up to their end of the agreement.

If you’re considering doing business with Olo Mutual — think twice.

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Replies (3)
Old Mutual
Old Mutual's reply23 Apr 2025, 10:31
Official
Good day Alde-marie,

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 should further information be required.

Kind regards
Old Mutual Complaints Management
FP
FLOWER P's update23 Apr 2025, 10:47
Reviewer Update
Thank you for your response. However, I’ve already raised this issue through multiple complaints, as well as my Broker, and it seems like no one is taking responsibility or properly addressing the matter. I’ve only been passed around without any real resolution."
FP
FLOWER P's update23 Apr 2025, 12:09
Reviewer Update
I have not received any further reply, and I am now considering escalation. Please advise on the appropriate channels for taking this matter further.