tN
trevor N

1 reviews | Active since Jul 2011

10 Jul 2015, 16:39

Old Mutual paying commision to a dead person

I have Old Mutual RA. The last few years this policy has not kept up with inflation.<br> <br> When I called to find out what was going on I found out they were taking commission off my RA each month and paying it to a broker who has committed suicide a while back!!!<br> <br> How can one trust ones retirement planning to a company who clearly are not managing portfolios at all, yet keep taking a commission each year????

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Replies (1)
Old Mutual
Old Mutual's reply10 Jul 2015, 16:46
Official
Hello trevorbnic,

Thank you for bringing this matter to our attention. We will investigate and contact you directly to resolve.

Kind regards
Carol Olckers