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psychologistbrandon P

1 reviews | Active since Feb 2017

09 Feb 2019, 14:24

Old Mutual quick to sell policies and deduct monthly debit orders but ignore their clients thereafter

I took out a retirement annuity and income/disability cover with Old Mutual. My OM advisor sent me my policy 5 December 2018. I immediately noticed inaccuracies in the underwriting. I notified OM in writing within one hour of receiving the policy. OM wrote incorrect information in the policy not me. I asked OM to rectify their mistake with immediate effect. I did not want OM to accuse me of providing incorrect/false information and refuse payment at a later stage due to incorrect information on the policy. To date OM has not made the relevant changes. I have sent three follow up emails and phoned OM directly. OM did not hesitate in deducting their monthly debit order from my account but it has been two months and they have still not corrected mistakes that they (not me) made to my policy. I am terminating my policy with OM and moving to PPS. I will not recommend OM to anyone. My experience is that they are quick to sell and deduct money but have no interest in responding to their clients once they have your money.

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Replies (3)
Old Mutual
Old Mutual's reply11 Feb 2019, 09:13
Official
Dear Brandon S

We are sorry to hear about the service you have experienced. We will investigate and contact you directly to resolve this matter.

Kind Regards
Thabiet Mintin
Complaints Management
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psychologistbrandon P's update17 Feb 2019, 16:23
Reviewer Update
Dear Thabiet Mintin. I have still not heard from Old Mutual and I posted my complaint on HelloPeter one week ago. This week (11 Feb - 15 Feb) I sent Old Mutual 4 emails to follow up. I have not received a reply. All I asked is that the mistakes the Old Mutual advisor (not me) made to my policy be corrected. I have been asking for this since December 2018. I even submitted a corrected underwriting document. I do not understand why it Old Mutual has not been able to correct this in 2 months. Old Mutual deducted a debit order immediately after receiving my documentation yet in 2 months they cannot correct a document. How is this possible?
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psychologistbrandon P's update10 Apr 2019, 12:33
Reviewer Update
Dear OM On 11 Feb 2019 you wrote : "We are sorry to hear about the service you have experienced. We will investigate and contact you directly to resolve this matter" The issue dates back to December 2018 and it is still not resolved!