1 reviews | Active since Jul 2016

19 Sept 2022, 15:40

Old Mutual - playing with peoples lives

My husband passed away suddenly in Sept 2021 and I was left a single parent over night to my 16 year old son. My Insurance Broker lodged a claim on the RA my husband had with Old Mutual on my behalf. After lodging the claim, Old Mutual took their time in requesting the necessary information they required to process the claim. The claim was then only finally registered in March 2022. Since then I have had no correspondence from Old Mutual relating to the claim. I have emailed and contacted their service providers on numerous occasions to enquire the progress of the claim only to be told that the Trustees can take up to 12 months to finalise the claim. Just because they can take up to 12 months does not mean they have to. I had a similar claim, Pension SARAF, with Allan Gray for way more than the Old Mutual claim and they processed it within 3 months. I think it is disgusting that Old Mutual in a circumstance where a spouse has passed on and a minor is being cared for by a single parent will take the most time available to them to process the claim. I have had to deal with becoming a single parent overnight and struggling financially to support myself and my son and Old Mutual just say, nothing can be done, the Trustees have up until 12 months to process. I will never invest or advocate any Old Mutual product. My financial adviser and another broker I deal with have said that Old Mutual is the only big financial institution that they struggle to deal with. Taking up to a month to respond to queries.

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Replies (2)
Old Mutual
Old Mutual's reply19 Sept 2022, 16:25
Official
Dear Tracey

We are sorry to hear about the service experience. We will investigate and contact you directly to assist.

Regards
Bilqees Carelse
Old Mutual Complaints Management
's update21 Sept 2022, 15:32
Reviewer Update
You say you are sorry!!! today after investigation it was found that the claim was held up as the third party reference, my brother, was uncontactable by Old Mutual. This is a blatant lie, my brother has been available and the first contact he received from Old Mutual was today at 12.30pm.
Furthermore Old Mutual has never communicated to me in the last year that they could not contact my brother. Had it not been for me writing a review on Hellopeter, I would still not have been made aware of the contact issue and the claim would still remain unprocessed. Derek January rep**** to my email of 30 August 2022 today, 21 September 2022 after my complaint. 21 days to reply and had it not been for the complaint I am sure he would not have bothered to reply. Old Mutual is a disgrace!!